Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/83006
Title: The discrete-time second-best dynamic road pricing scheme
Authors: Han, Linghui
Wang, David Zhi Wei
Zhu, Chengjuan
Keywords: Second-best road pricing
Day-to-day traffic dynamic model
Issue Date: 2017
Source: Han, L., Wang, D. Z. W., & Zhu, C. (2017). The discrete-time second-best dynamic road pricing scheme. Transportation Research Procedia, 23, 322-340.
Abstract: Congestion pricing is widely recognized as an efficient instrument for alleviating road congestion. Most of existing road pricing scheme are developed based on traffic equilibrium model. The equilibrium can be looked as a traffic state desired by traffic management authorities. However, when the traffic system has multiple equilibria if the initial traffic state falls beyond the attraction domain, it may not converge to the desired equilibrium under the pricing based on the traffic equilibrium through a day-to-day adjustment process (Bie and Lo, 2010). In this study, we aim to develop a more practical second-best dynamic road pricing scheme implemented on a subset of links, which can drive the traffic evolution towards the desired second-best traffic user equilibrium state from any initial traffic state. This second-best dynamic pricing scheme has the following characteristics: (i) the dynamic pricing is discrete-time scheme, as opposed to most of existing continuous dynamic pricing scheme; (ii) the derivation of the dynamic pricing is applicable to very general day-to-day traffic dynamic model; (iii) the dynamic pricing can direct the traffic system to converge to the desired equilibrium from any initial traffic state even multiple equilibria exist. This study also presents rigorous proofs and numerical tests to verify above these characteristics of our dynamic pricing scheme.
URI: https://hdl.handle.net/10356/83006
http://hdl.handle.net/10220/43447
ISSN: 2352-1465
DOI: 10.1016/j.trpro.2017.05.019
Rights: © 2017 The Author(s). Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:CEE Conference Papers

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