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2020
DOI: 10.1177/2399808319897619
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Shortest paths, travel costs, and traffic

Abstract: This study examines path flows for road networks. Path flows sum individual route choices from individual travelers, associated with specific path objective. We estimate these flows for each cost factor of auto travel: time, safety, emission, and monetary costs, as well as their composite, internal and full cost of travel. For each factor, we find the route with the minimum cumulative cost. We further explore the extent to which each cost factor contributes to explaining the observed link traffic flows given a… Show more

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Cited by 4 publications
(1 citation statement)
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“…The theory of expected utility maximization (EUM) is widely used for representing the perfect rational process [1]. Under this theory, researchers assume that the traveler chooses a route with the shortest (perceived) travel time or (perceived) travel cost [2,3]. On the other hand, the prospect theory [4], indifference band [5], and satisfying decision [6] are commonly used to represent the boundedly rational process, and these theories consider travelers' cognitive limitations, intrinsic preferences, and information processing capability.…”
Section: Introductionmentioning
confidence: 99%
“…The theory of expected utility maximization (EUM) is widely used for representing the perfect rational process [1]. Under this theory, researchers assume that the traveler chooses a route with the shortest (perceived) travel time or (perceived) travel cost [2,3]. On the other hand, the prospect theory [4], indifference band [5], and satisfying decision [6] are commonly used to represent the boundedly rational process, and these theories consider travelers' cognitive limitations, intrinsic preferences, and information processing capability.…”
Section: Introductionmentioning
confidence: 99%