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Paper eres2009_393:
The Study of Value of Activity Time on Weekdays by Using Activity-Based Approach

id eres2009_393
authors Yeh, Kuang-Yih; Hsia, Hao-Ching
year 2009
title The Study of Value of Activity Time on Weekdays by Using Activity-Based Approach
source 16th Annual European Real Estate Society Conference in Stockholm, Sweden
summary Value of time plays a significant role in the evaluation of investment effectiveness of transportation plans. Therefore, it is a prerequisite to accurately estimate value of time savings to meaningfully evaluate transportation policies. In this study, the focus is on weekday activities and associated travel behaviors. The evaluation of individuals’ time allocation behavior on weekdays and an activity choice model has been investigated in this study for analyzing the preference of individuals’ time allocation. The activity choice model specifically takes into account the state of the individual time allotment on weekdays and subjective evaluation of time use on weekdays. There results show that : 1) The socioeconomic conditions have strong effects on workers’ time allocation. 2) The priority of activity time allocation would affect time allocation of workers significantly. 3) Furthermore, priority of different activities will produce different marginal utility. Therefore, the priority of activity should be considered before establishment of a model of activity time value in the future.
keywords Activity choice model, priority of activity, time allocation
series ERES:conference
content file.ppt (669,184 bytes)
discussion No discussions. Post discussion ...
session Methods
last changed 2009/09/16 16:22
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