Optimal and Long-Term Dynamic Transport Policy Design: Seeking Maximum Social Welfare through a Pricing Scheme.

Guzman, Luis Angel and Hoz Sánchez, Daniel de la and Monzón de Cáceres, Andrés (2014). Optimal and Long-Term Dynamic Transport Policy Design: Seeking Maximum Social Welfare through a Pricing Scheme.. "International Journal of Sustainable Transportation", v. 8 (n. 4); pp. 297-316. ISSN 1556-8318. https://doi.org/10.1080/15568318.2012.696772.

Description

Title: Optimal and Long-Term Dynamic Transport Policy Design: Seeking Maximum Social Welfare through a Pricing Scheme.
Author/s:
  • Guzman, Luis Angel
  • Hoz Sánchez, Daniel de la
  • Monzón de Cáceres, Andrés
Item Type: Article
Título de Revista/Publicación: International Journal of Sustainable Transportation
Date: July 2014
ISSN: 1556-8318
Volume: 8
Subjects:
Freetext Keywords: CBA approach; policy optimization; sustainable transportation; urban transport policy.
Faculty: E.T.S.I. Caminos, Canales y Puertos (UPM)
Department: Ingeniería Civil: Transportes [hasta 2014]
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

This article presents an alternative approach to the decision-making process in transport strategy design. The study explores the possibility of integrating forecasting, assessment and optimization procedures in support of a decision-making process designed to reach the best achievable scenario through mobility policies. Long-term evaluation, as required by a dynamic system such as a city, is provided by a strategic Land-Use and Transport Interaction (LUTI) model. The social welfare achieved by implementing mobility LUTI model policies is measured through a cost-benefit analysis and maximized through an optimization process throughout the evaluation period. The method is tested by optimizing a pricing policy scheme in Madrid on a cordon toll in a context requiring system efficiency, social equity and environmental quality. The optimized scheme yields an appreciable increase in social surplus through a relatively low rate compared to other similar pricing toll schemes. The results highlight the different considerations regarding mobility impacts on the case study area, as well as the major contributors to social welfare surplus. This leads the authors to reconsider the cost-analysis approach, as defined in the study, as the best option for formulating sustainability measures.

More information

Item ID: 15384
DC Identifier: http://oa.upm.es/15384/
OAI Identifier: oai:oa.upm.es:15384
DOI: 10.1080/15568318.2012.696772
Deposited by: Memoria Investigacion
Deposited on: 16 Jan 2014 17:23
Last Modified: 01 Aug 2015 22:56
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