A model of risk-sensitive route-choice behaviour and the potential benefit of route guidance

In this paper, we present a simulation-based investigation of the potential benefit of route-guidance information in the context of risk-sensitive travelers. We set up a simple two-route scenario where travelers are repeatedly faced with risky route-choice decisions. The risk averseness of the travelers is implicitly controlled through a generic utility function. We vary both the travelers' sensitivity toward risk and the equipment fraction with route-guidance devices and show that the benefits of guided travelers increase with their sensitivity toward risk.


Published in:
IEEE Transactions on Intelligent Transportation Systems, 12, 2, 384-389
Year:
2011
ISSN:
1524-9050
Keywords:
Laboratories:




 Record created 2011-02-07, last modified 2018-09-13


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