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Generalised Cost
In transport economics, the generalised cost is the sum of the monetary and non-monetary costs of a journey. It is sometimes used as a basis for judgements of transit accessibility and equitable distribution of public transit resources. Monetary (or "out-of-pocket") costs might include a fare on a public transport journey, or the costs of fuel, wear and tear and any parking charge, toll or congestion charge on a car journey. Non-monetary costs refer to the time spent undertaking the journey. Time is converted to a money value using a value of time figure, which usually varies according to the traveller's income and the purpose of the trip. The generalised cost is equivalent to the price of the good in supply and demand theory, and so demand for journeys can be related to the generalised cost of those journeys using the price elasticity of demand. Supply is equivalent to capacity (and, for roads, road quality) on the network. Basic form In a basic form, the generalised cost (g) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corridor Capacity And Infrastructure Costs
Corridor or The Corridor may refer to: Arts, entertainment, and media Films * ''The Corridor'' (1968 film), a 1968 Swedish drama film * ''The Corridor'' (1995 film), a 1995 Lithuanian drama film * ''The Corridor'' (2010 film), a 2010 Canadian horror film * ''The Corridor'' (2013 film), a 2013 Iranian drama film * ''Corridor'' (film), a 2013 horror short film Other uses in arts, entertainment, and media * ''Corridor'' (album), a 2009 album by Japanese pop singer Miki Imai * ''Corridor'' (comics), the first Indian graphic novel, written by Sarnath Banerjee * ''Corridor'' (short story collection), a short story collection by Alfian Sa'at, published in 1999 * ''The Corridor'' (opera), a 2009 chamber opera composed by Harrison Birtwistle * Corridor Digital, an American production studio based in Los Angeles Passageways * A narrow hallway, or corridor, a passageway to provide access between rooms inside a building *A passageway along a corridor coach *Wildlife corridor Tran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Road Pricing
Road pricing (also road user charges) are direct charges levied for the use of roads, including road tolls, distance or time-based fees, congestion charges and charges designed to discourage the use of certain classes of vehicle, fuel sources or more polluting vehicles. These charges may be used primarily for revenue generation, usually for road infrastructure financing, or as a transportation demand management tool to reduce peak hour travel and the associated traffic congestion or other social and environmental negative externalities associated with road travel such as air pollution, greenhouse gas emissions, visual intrusion, noise pollution and road traffic collisions. ''Executive Summary, pp. v''. In most countries toll roads, toll bridges and toll tunnels are often used primarily for revenue generation to repay long-term debt issued to finance the toll facility, or to finance capacity expansion, operations, and maintenance of the facility itself, or simply as genera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bicycle
A bicycle, also called a pedal cycle, bike or cycle, is a human-powered or motor-powered assisted, pedal-driven, single-track vehicle, having two wheels attached to a frame, one behind the other. A is called a cyclist, or bicyclist. Bicycles were introduced in the 19th century in Europe. By the early 21st century, more than 1 billion were in existence. These numbers far exceed the number of cars, both in total and ranked by the number of individual models produced. They are the principal means of transportation in many regions. They also provide a popular form of recreation, and have been adapted for use as children's toys, general fitness, military and police applications, courier services, bicycle racing, and bicycle stunts. The basic shape and configuration of a typical upright or "safety bicycle", has changed little since the first chain-driven model was developed around 1885. However, many details have been improved, especially since the advent of modern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Traffic Congestion
Traffic congestion is a condition in transport that is characterized by slower speeds, longer trip times, and increased vehicular queueing. Traffic congestion on urban road networks has increased substantially since the 1950s. When traffic demand is great enough that the interaction between vehicles slows the speed of the traffic stream, this results in some congestion. While congestion is a possibility for any mode of transportation, this article will focus on automobile congestion on public roads. As demand approaches the capacity of a road (or of the intersections along the road), extreme traffic congestion sets in. When vehicles are fully stopped for periods of time, this is known as a traffic jam or (informally) a traffic snarl-up. Traffic congestion can lead to drivers becoming frustrated and engaging in road rage. Mathematically, traffic is modeled as a flow through a fixed point on the route, analogously to fluid dynamics. Causes Traffic congestion occurs when ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Opportunity Cost
In microeconomic theory, the opportunity cost of a particular activity is the value or benefit given up by engaging in that activity, relative to engaging in an alternative activity. More effective it means if you chose one activity (for example, an investment) you are giving up the opportunity to do a different option. The optimal activity is the one that, net of its opportunity cost, provides the greater return compared to any other activities, net of their opportunity costs. For example, if you buy a car and use it exclusively to transport yourself, you cannot rent it out, whereas if you rent it out you cannot use it to transport yourself. If your cost of transporting yourself without the car is more than what you get for renting out the car, the optimal choice is to use the car yourself. In basic equation form, opportunity cost can be defined as: "Opportunity Cost = (returns on best Forgone Option) - (returns on Chosen Option)." The opportunity cost of mowing one’s own la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport Economic Model
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations. Transport infrastructure consists of both fixed installations, including roads, railways, airways, waterways, canals, and pipelines, and terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals may be used both for interchange of passengers and cargo and for maintenance. Means of transport are any of the different kinds of transport facilities used to carry people or cargo. They may include vehicles, riding animals, and pack animals. Vehicles may inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
