Real-time congestion pricing strategies for toll facilities

Jorge A. Laval

Hyun W. Cho

Juan C. Muñoz

Yafeng Yin

Journal Article

10.1016/j.trb.2014.09.015

0191-2615

This paper analyzes the dynamic traffic assignment problem on a two-alternative network with one alternative subject to a dynamic pricing that responds to real-time arrivals in a system optimal way. Analytical expressions for the assignment, revenue and total delay in each alternative are derived as a function of the pricing strategy. It is found that minimum total system delay can be achieved with many different pricing strategies. This gives flexibility to operators to allocate congestion to either alternative according to their specific objective while maintaining the same minimum total system delay. Given a specific objective, the optimal pricing strategy can be determined by finding a single parameter value in the case of HOT lanes. Maximum revenue is achieved by keeping the toll facility at capacity with no queues for as long as possible. Guidelines for implementation are discussed.

2015-12-28 21:46:48

January 2015

Transportation Research Part B: Methodological

ScienceDirect

19-31

Transportation Research Part B: Methodological

Real-time congestion pricing strategies for toll facilities

http://www.sciencedirect.com/science/article/pii/S0191261514001696

71

ScienceDirect Snapshot

[No URL]