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Schedule Delay
{{no footnotes, date=May 2014 Schedule delay is a term in transport modelling which refers to a difference between a desired time of arrival or departure and the actual time. Despite the use of "delay", it can refer to a difference in either the early or late direction. The most common example is that of having a fixed work start time: if someone starts work at 0900 but actually arrives at 0850, they are incurring a schedule delay of 10 minutes. Alternative examples might include public transport - if a bus is scheduled to depart from a stop at 20-minute intervals (e.g. 0800, 0820, 0840) and a person wishes to begin their journey between those intervals (e.g. at 0815), they incur a schedule delay through having to retime their departure from the desired 0815 point to the bus departure time of 0820. Schedule delay can be measured as a utility (or, rather, a disutility). The Small model of scheduling has the disutility of schedule delay decrease linearly towards zero as the actual ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transportation Planning
Transportation planning is the process of defining future policies, goals, investments, and spatial planning designs to prepare for future needs to move people and goods to destinations. As practiced today, it is a collaborative process that incorporates the input of many stakeholders including various government agencies, the public and private businesses. Transportation planners apply a multi-modal and/or comprehensive approach to analyzing the wide range of alternatives and impacts on the transportation system to influence beneficial outcomes. Transportation planning is also commonly referred to as transport planning internationally, and is involved with the evaluation, assessment, design, and siting of transport facilities (generally streets, highways, bike lanes, and public transport lines). Models and sustainability Transportation planning, or transport planning, has historically followed the rational planning model of defining goals and objectives, identifying pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Transport
Public transport (also known as public transportation, public transit, mass transit, or simply transit) is a system of transport for passengers by group travel systems available for use by the general public unlike private transport, typically managed on a schedule, operated on established routes, and that charge a posted fee for each trip. There is no rigid definition; the ''Encyclopædia Britannica'' specifies that public transportation is within urban areas, and air travel is often not thought of when discussing public transport—dictionaries use wording like "buses, trains, etc." Examples of public transport include Public transport bus service, city buses, trolleybuses, trams (or light rail) and Passenger rail transport, passenger trains, rapid transit (metro/subway/underground, etc.) and ferry, ferries. Public transport between cities is dominated by airlines, intercity bus service, coaches, and intercity rail. High-speed rail networks are being developed in many parts ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Utility
As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill. The term has been adapted and reapplied within neoclassical economics, which dominates modern economic theory, as a utility function that represents a single consumer's preference ordering over a choice set but is not comparable across consumers. This concept of utility is personal and based on choice rather than on pleasure received, and so is specified more rigorously than the original concept but makes it less useful (and controversial) for ethical decisions. Utility function Consider a set of alternatives among which a person can make a preference ordering. The utility obtained from these alternatives is an unknown function of the utilities obtained from each alternative, not the sum of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transportation Planning
Transportation planning is the process of defining future policies, goals, investments, and spatial planning designs to prepare for future needs to move people and goods to destinations. As practiced today, it is a collaborative process that incorporates the input of many stakeholders including various government agencies, the public and private businesses. Transportation planners apply a multi-modal and/or comprehensive approach to analyzing the wide range of alternatives and impacts on the transportation system to influence beneficial outcomes. Transportation planning is also commonly referred to as transport planning internationally, and is involved with the evaluation, assessment, design, and siting of transport facilities (generally streets, highways, bike lanes, and public transport lines). Models and sustainability Transportation planning, or transport planning, has historically followed the rational planning model of defining goals and objectives, identifying pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohring Effect
The Mohring effect is the observation that, if the frequency of a transit service (e.g., buses per hour) increases with demand, then a rise in demand shortens the waiting times of passengers at stops and stations. Because waiting time forms part of the costs of transportation, the Mohring effect implies increasing returns to scale for scheduled urban transport services. The effect was named for the University of Minnesota economist Herbert Mohring, who identified this property in a 1972 paper. Example For example, suppose that passengers arrive randomly at a bus stop over the course of an hour, while the bus arrives once per hour. The average waiting time is 30 minutes. If the number of passengers per hour increases sufficiently to justify two buses per hour, then the average waiting time falls to 15 minutes. The presence of additional users lowers the cost of existing passengers. This anti-congestion effect is opposite to the usual road congestion effect, where an increase in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Economic Review
The ''American Economic Review'' is a monthly peer-reviewed academic journal published by the American Economic Association. First published in 1911, it is considered one of the most prestigious and highly distinguished journals in the field of economics. The current editor-in-chief is Esther Duflo, an economic professor at the Massachusetts Institute of Technology. The journal is based in Pittsburgh. In 2004, the ''American Economic Review'' began requiring "data and code sufficient to permit replication" of a paper's results, which is then posted on the journal's website. Exceptions are made for proprietary data. Until 2017, the May issue of the ''American Economic Review'', titled the ''Papers and Proceedings'' issue, featured the papers presented at the American Economic Association's annual meeting that January. After being selected for presentation, the papers in the ''Papers and Proceedings'' issue did not undergo a formal process of peer review. Starting in 2018, papers pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Utility
As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill. The term has been adapted and reapplied within neoclassical economics, which dominates modern economic theory, as a utility function that represents a single consumer's preference ordering over a choice set but is not comparable across consumers. This concept of utility is personal and based on choice rather than on pleasure received, and so is specified more rigorously than the original concept but makes it less useful (and controversial) for ethical decisions. Utility function Consider a set of alternatives among which a person can make a preference ordering. The utility obtained from these alternatives is an unknown function of the utilities obtained from each alternative, not the sum of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
