Abstract
ABSTRACT In this paper, we revisit the concept of Prospect-based User Equilibrium in a dynamic context. We consider a mesoscopic Lighthill-Whitham-Richards (LWR) traffic model to determine time-dependent route costs. We propose a solution algorithm to determine the network equilibria. Monte Carlo simulations are used to account for the travel time distributions. We analyze the dynamic Prospect-based User Equilibrium compared to the benchmarks Deterministic and Stochastic User Equilibrium, on a synthetic Manhattan network. We set four endogenous reference points. We show that the setting of the reference point plays a very important role in the route flow patterns and on the network performance at an aggregated level, i.e. in terms of vehicles mean speed as well as internal and outflow capacities. Our results also enhance that the Prospect-based User Equilibrium is more sensitive to a change in the reference point than in the calibration of the users’ risk-aversion and risk-seeking parameters.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
