Chapter
Jun 29, 2016
A Cumulative Prospect Theory-Based Network Equilibrium Model Considering Travelers’ Heterogeneous Reference Points
Publication: CICTP 2016
Abstract
Assuming that the travelers are heterogeneous in terms of their reference points, we divide the whole travelers into several classes and develop a multi-class cumulative prospect theory-based equilibrium model by incorporating such heterogeneity. The numerical results show that the travelers with lower reference points prefer to choose the routes with higher free-flow time but lower risks, while travelers with lower reference points are likely to choose the routes with lower free-flow time but higher risks. The results show that the risk parameters indeed significantly influence the resultant flow distribution. Furthermore, it is found that the higher the OD travel demand, the more serious the travelers’ risk-aversion behavior.
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Published In
CICTP 2016
Pages: 1169 - 1180
Copyright
© 2016 American Society of Civil Engineers.
History
Published online: Jun 29, 2016
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Institute of Automotive Engineering, Hunan Communication Poly Technic, Changsha 410132, P.R. China. E-mail: [email protected]
School of Economics and Management, Fuzhou Univ., Fuzhou 350116, P.R. China. E-mail: [email protected]
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
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