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. "Urban Transport of China = Cheng shi jiao tong", v. 12 (n. 3); pp. 83-94. ISSN 1672-5328.

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: Urban Transport of China = Cheng shi jiao tong
Date: May 2014
ISSN: 1672-5328
Volume: 12
Subjects:
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: 30676
DC Identifier: http://oa.upm.es/30676/
OAI Identifier: oai:oa.upm.es:30676
Deposited by: Memoria Investigacion
Deposited on: 03 Sep 2014 09:21
Last Modified: 22 Apr 2016 00:57
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