Multi-objective road pricing: a cooperative and competitive bilevel optimization approach

Ohazulike, Anthony and Bliemer, Michiel and Still, Georg and Berkum van, Eric (2010) Multi-objective road pricing: a cooperative and competitive bilevel optimization approach. In: 11th TRAIL Congress, 23-24 November 2010, Rotterdam, the Netherlands.

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Abstract:	Costs associated with traffic externalities such as congestion, air pollution, noise, safety, etcetera are becoming unbearable. The Braess paradox shows that combating congestion by adding infrastructure may not improve traffic conditions, and geographical and/or financial constraints may not allow infrastructure expansion. Road pricing presents an alternative to combat traffic externalities. The traditional way of road pricing, namely congestion charging, may create negative benefits for society. In this effect, we develop a flexible pricing scheme internalizing costs arising from all externalities. Using a game theoretical approach, we extend the single authority road pricing scheme to a pricing scheme with multiple authorities/regions (with likely contradicting objectives).
Item Type:	Conference or Workshop Item
Faculty:	Engineering Technology (CTW) Electrical Engineering, Mathematics and Computer Science (EEMCS)
Research Group:	Centre for Transport Studies (CTS) Discrete Mathematics and Mathematical Programming (DMMP)
Link to this item:	http://purl.utwente.nl/publications/79688
Conference URL:	http://www.rstrail.nl/congress/proceedings
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