Experiences from the German value of time (VOT) and value of reliability (VOR) study
Axhausen, Kay W.
- Conference Paper
Rights / licenseIn Copyright - Non-Commercial Use Permitted
Germany's Federal Ministry of Transport and Digital Infrastructure (BMVI) is currently preparing the 2015 Federal Transport Investment Plan (BVWP). As part of this, it is updating the overall methodology including the cost-benefit analysis (CBA), which is used to evaluate the effects of hundreds of German infrastructure projects. The paper presents the survey of the first official estimation of the values of time (VOT) and values of reliability (VOR) for personal and business travel for Germany. The VOTs will replace a set of existing values, which were based on values from BVWP’92. The VORs were estimated for the first time, as they are not incorporated in the standard appraisal yet. This paper gives inside on the survey design, reports experiences made in the field phase and analyses the response behaviour of the participants. It shows that a rich dataset has been collected which builds the basis for further modelling Show more
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PublisherIVT, ETH Zurich
SubjectValue of time; Value of reliability; Revealed preference; Stated preference; Non-business travel; Business travel; Response behaviour; Non-traders
Organisational unit03521 - Axhausen, Kay W. / Axhausen, Kay W.
02226 - NSL - Netzwerk Stadt und Landschaft / NSL - Network City and Landscape
02655 - Netzwerk Stadt und Landschaft D-ARCH
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