Title
Integrated modeling framework for leasing urban roads: A case study of Fresno, California
Abbreviated Journal Title
Transp. Res. Pt. B-Methodol.
Keywords
Urban road networks; Privatization; Ownership structure; Public-private; partnership; Fresno; California; PRIVATE TOLL ROADS; PUBLIC-INTEREST; CONGESTION; NETWORK; INFRASTRUCTURE; PRIVATIZATION; COMPETITION; ALGORITHMS; OWNERSHIP; CAPACITY; Economics; Engineering, Civil; Operations Research & Management Science; Transportation; Transportation Science & Technology
Abstract
Increasing private sector involvement in transportation services has significant implications for the management of road networks. This paper examines a concession model's effects on a road network in the mid-sized city of Fresno, California. Using the existing transportation planning models of Fresno, we examine the effects of privatization on a number of typical system performance measures including total travel time and vehicle miles traveled (VMT), the possibility of including arterials, and the differences between social cost prices and profit maximizing prices. Some interesting insights emerge from our analysis: (1) roads cannot be considered as isolated elements in a concession model for a road network; (2) roads can function as complements at some levels of demand and become substitutes at other levels; (3) policy makers/officials should consider privatizing/pricing arterials along with privatizing highways; (4) temporally flexible but limited price schedule regulations should be part of leasing agreements; and (5) non-restricted pricing may actually worsen system performance, while limited pricing can raise enormous profits as well as improve system performance. (C) 2012 Elsevier Ltd. All rights reserved.
Journal Title
Transportation Research Part B-Methodological
Volume
48
Publication Date
1-1-2013
Document Type
Article
Language
English
First Page
17
Last Page
30
WOS Identifier
ISSN
0191-2615
Recommended Citation
"Integrated modeling framework for leasing urban roads: A case study of Fresno, California" (2013). Faculty Bibliography 2010s. 4620.
https://stars.library.ucf.edu/facultybib2010/4620
Comments
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