Sixth International Conference on Transportation Engineering
Prospect Theory’s Application in Route Choice Problem
Publication: ICTE 2019
ABSTRACT
Route choice is the basic and crucial link of passenger assignment procedure. Uncertainty such as travel time variability caused by at capacity operation or demand variation of metro networks during peak period are gaining attention in solving the route choice problem. Prospect theory is suitable for uncertain situations by taking the decision maker’s psychological response and risk attitudes into consideration. The application of prospect theory in route choice problems under uncertainty are elaborated to manifest the status quo of the utilization of the theory and the future research direction.
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ACKNOWLEDGEMENT
This research was supported by the National Key R&D Program of China (2016YFC0802208), National Natural Science Foundation of China (Project No. 61703351), Sichuan Science and Technology Program (Project NO.2018RZ0078), Science and Technology Plan of China Railway Corporation (Project No.: 2016X006-D), Chengdu Soft Science Research Project (2017-RK00-00028-ZF, 2017-RK00-00378-ZF) and the Fundamental Research Funds for the Central Universities (2682017CX022, 2682017CX018).
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Information & Authors
Information
Published In
ICTE 2019
Pages: 112 - 119
Editors: Xiaobo Liu, Ph.D., Southwest Jiaotong University, Qiyuan Peng, Ph.D., Southwest Jiaotong University, and Kelvin C. P. Wang, Ph.D., Oklahoma State University
ISBN (Online): 978-0-7844-8274-2
Copyright
© 2020 American Society of Civil Engineers.
History
Published online: Jan 13, 2020
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