A theory and implications on dynamic marginal cost

Masao Kuwahara

doi:10.1016/j.tra.2006.07.004

A theory and implications on dynamic marginal cost

Masao Kuwahara

Research output: Contribution to journal › Article › peer-review

27 Citations (Scopus)

Abstract

This paper extends the conventional static marginal cost analysis to the dynamic one based on the time-dependent queueing analysis at a bottleneck. First, the supply function is reformulated so as to incorporate dynamically congestion phenomena. And, the marginal cost is shown to be more closely related to the duration of congestion rather than the personal cost, since a slight change of demand at one time affects an entire traffic condition thereafter. Next, the analysis is extended so as to include the departure time choice using previous departure time choice theory. Several implications such as road pricing schemes and ramp control strategies are also discussed.

Original language	English
Pages (from-to)	627-643
Number of pages	17
Journal	Transportation Research Part A: Policy and Practice
Volume	41
Issue number	7
DOIs	https://doi.org/10.1016/j.tra.2006.07.004
Publication status	Published - 2007 Aug 1
Externally published	Yes

Keywords

Bottleneck
Departure time
Marginal cost
Queueing delay
Schedule delay

ASJC Scopus subject areas

Civil and Structural Engineering
Transportation
Management Science and Operations Research

Access to Document

10.1016/j.tra.2006.07.004

Fingerprint Dive into the research topics of 'A theory and implications on dynamic marginal cost'. Together they form a unique fingerprint.

Cite this

@article{9bcda85b305247b78c2ed5f68f97eaed,

title = "A theory and implications on dynamic marginal cost",

abstract = "This paper extends the conventional static marginal cost analysis to the dynamic one based on the time-dependent queueing analysis at a bottleneck. First, the supply function is reformulated so as to incorporate dynamically congestion phenomena. And, the marginal cost is shown to be more closely related to the duration of congestion rather than the personal cost, since a slight change of demand at one time affects an entire traffic condition thereafter. Next, the analysis is extended so as to include the departure time choice using previous departure time choice theory. Several implications such as road pricing schemes and ramp control strategies are also discussed.",

keywords = "Bottleneck, Departure time, Marginal cost, Queueing delay, Schedule delay",

author = "Masao Kuwahara",

year = "2007",

month = aug,

day = "1",

doi = "10.1016/j.tra.2006.07.004",

language = "English",

volume = "41",

pages = "627--643",

journal = "Transportation Research, Part A: Policy and Practice",

issn = "0965-8564",

publisher = "Elsevier Limited",

number = "7",

}

TY - JOUR

T1 - A theory and implications on dynamic marginal cost

AU - Kuwahara, Masao

PY - 2007/8/1

Y1 - 2007/8/1

N2 - This paper extends the conventional static marginal cost analysis to the dynamic one based on the time-dependent queueing analysis at a bottleneck. First, the supply function is reformulated so as to incorporate dynamically congestion phenomena. And, the marginal cost is shown to be more closely related to the duration of congestion rather than the personal cost, since a slight change of demand at one time affects an entire traffic condition thereafter. Next, the analysis is extended so as to include the departure time choice using previous departure time choice theory. Several implications such as road pricing schemes and ramp control strategies are also discussed.

AB - This paper extends the conventional static marginal cost analysis to the dynamic one based on the time-dependent queueing analysis at a bottleneck. First, the supply function is reformulated so as to incorporate dynamically congestion phenomena. And, the marginal cost is shown to be more closely related to the duration of congestion rather than the personal cost, since a slight change of demand at one time affects an entire traffic condition thereafter. Next, the analysis is extended so as to include the departure time choice using previous departure time choice theory. Several implications such as road pricing schemes and ramp control strategies are also discussed.

KW - Bottleneck

KW - Departure time

KW - Marginal cost

KW - Queueing delay

KW - Schedule delay

UR - http://www.scopus.com/inward/record.url?scp=33947354211&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=33947354211&partnerID=8YFLogxK

U2 - 10.1016/j.tra.2006.07.004

DO - 10.1016/j.tra.2006.07.004

M3 - Article

AN - SCOPUS:33947354211

VL - 41

SP - 627

EP - 643

JO - Transportation Research, Part A: Policy and Practice

JF - Transportation Research, Part A: Policy and Practice

SN - 0965-8564

IS - 7

ER -

A theory and implications on dynamic marginal cost

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Cite this