Technical Papers
Jul 14, 2014

Sustainable Toll Pricing and Capacity Investment in a Congested Road Network: A Goal Programming Approach

Publication: Journal of Transportation Engineering
Volume 140, Issue 12

Abstract

This paper addresses the road toll pricing and capacity investment problem in a congested road network in a multicriteria decision-making framework. A goal programming approach is used in which the following four major goals are considered: (1) cost recovery, (2) service level, (3) environmental, and (4) equity. The multiobjective road toll pricing and capacity investment problem is formulated as a bilevel goal programming model. The upper level of the model aims to minimize the deviations from stated goals for a given priority ranking of the goals, while the lower level is the road users’ route choice equilibrium problem. A simulated annealing-based solution algorithm is developed to solve the proposed model. Numerical results show that the priority structure of the goals can significantly affect the road toll pricing and capacity investment decisions. The simulated annealing-based solution algorithm outperforms the sensitivity analysis-based solution algorithm in terms of solution quality. The proposed methodology provides an avenue for understanding the trade-offs among conflicting objectives and for designing a financially and environmentally sustainable transportation system.

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Acknowledgments

The authors would like to thank three anonymous referees for their helpful comments and constructive suggestions on an earlier draft of the paper. The work described in this paper was jointly supported by grants from the National Natural Science Foundation of China (71171013, 71222107), the Doctoral Fund of Ministry of Education of China (20120142110044), the Research Grants Council of the Hong Kong Special Administrative Region, China (PolyU 5181/13E), the National Research Foundation of Korea (NRF) grant funded by the Korea government (MSIP) (NRF-2010-0029446), and the Center for Modern Information Management Research at the Huazhong University of Science and Technology.

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Go to Journal of Transportation Engineering
Journal of Transportation Engineering
Volume 140Issue 12December 2014

History

Received: Jan 2, 2014
Accepted: May 19, 2014
Published online: Jul 14, 2014
Published in print: Dec 1, 2014
Discussion open until: Dec 14, 2014

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Authors

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Ph.D. Student, School of Management, Huazhong Univ. of Science and Technology, Wuhan 430074, China. E-mail: [email protected]
Zhi-Chun Li [email protected]
Professor, School of Management, Huazhong Univ. of Science and Technology, Wuhan 430074, China (corresponding author). E-mail: [email protected]
William H. K. Lam [email protected]
Professor, Dept. of Civil and Environmental Engineering, Hong Kong Polytechnic Univ., Kowloon, Hong Kong; and School of Traffic and Transportation, Beijing Jiaotong Univ., Beijing 100044, China. E-mail: [email protected]
Keechoo Choi [email protected]
Professor, Dept. of Transportation Engineering, Ajou Univ., San 5 Woncheon-Dong, Yeongtong-Ku, Suwon 443-749, South Korea. E-mail: [email protected]

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