Value of dynamic revenue-maximizing congestion pricing in a highly congested corridor

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dc.contributor.author El Khoury, John en_US
dc.contributor.author Srour, F. Jordan en_US
dc.date.accessioned 2016-02-16T12:08:49Z en_US
dc.date.available 2016-02-16T12:08:49Z en_US
dc.date.copyright 2015 en_US
dc.date.issued 2017-04-11
dc.identifier.issn 0733-947X en_US
dc.identifier.uri http://hdl.handle.net/10725/3092 en_US
dc.description.abstract This paper examines the value of utilizing dynamic, revenue-maximizing, congestion pricing on a privately operated tolled route, when the only alternative is a highly congested, public, free-access route. Three methods are specified by which revenue can be maximized—through the selection of a fixed percent of users to set the toll price for, through the selection of a fixed level of service on the toll road, and through the use of a nonlinear optimization model. These methods are tested on a case study involving a highly congested corridor. In simulation, the corridor’s flow rates are observed following the posting of a toll, the toll is updated, and the new flow observed until a subsequent round of revenue maximizing is applied to the new conditions. It was concluded that in a highly congested corridor a dynamic, revenue-maximizing toll can finance the construction of new capacity without degrading social welfare. en_US
dc.language.iso en en_US
dc.title Value of dynamic revenue-maximizing congestion pricing in a highly congested corridor en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.school SOE en_US
dc.author.idnumber 201204645 en_US
dc.author.idnumber 200103005 en_US
dc.author.woa N/A en_US
dc.author.department Civil Engineering en_US
dc.author.department Inform. Tech. and Operat. Mgmt. en_US
dc.description.embargo N/A en_US
dc.relation.journal Journal of Transportation Engineering en_US
dc.journal.volume 141 en_US
dc.journal.issue 12 en_US
dc.keywords Congestion pricing en_US
dc.keywords Dynamic toll pricing en_US
dc.keywords Managed lanes en_US
dc.keywords Corridor Management en_US
dc.keywords Revenue maximizing tolls en_US
dc.identifier.doi http://dx.doi.org/10.1061/(ASCE)TE.1943-5436.0000798 en_US
dc.identifier.ctation El Khoury, J., & Srour, F. J. (2015). Value of Dynamic Revenue-Maximizing Congestion Pricing in a Highly Congested Corridor. Journal of Transportation Engineering, 141(12), 04015029. en_US
dc.author.email john.khoury@lau.edu.lb en_US
dc.author.email jordan.srour@lau.edu.lb en_US
dc.identifier.url http://ascelibrary.org/doi/abs/10.1061/(ASCE)TE.1943-5436.0000798 en_US
dc.orcid.id https://orcid.org/0000-0001-7623-723X en_US

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