A theory and implications on dynamic marginal cost [An article from: Transportation Research Part A] | ![A theory and implications on dynamic marginal cost [An article from: Transportation Research Part A]](http://ecx.images-amazon.com/images/I/41FQD7REY6L._SL160_.jpg)
 enlarge | Author: M. Kuwahara
Publisher: Elsevier
Category: Book
Buy New: $7.95
Format: Html
Media: Digital
Publication Date: August 1, 2007
Availability: Available for download now
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Product Description
This digital document is a journal article from Transportation Research Part A, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
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.
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