Stochastic traffic-assignment with multi-modes based on bounded rationality

Zhi Zuo; Xiaofeng Pan; Lixiao Wang; Tao Feng

doi:10.1007/978-981-13-7542-2_5

Stochastic traffic-assignment with multi-modes based on bounded rationality

Zhi Zuo, Xiaofeng Pan, Lixiao Wang, Tao Feng

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

4 Citations (Scopus)

Abstract

This paper proposes a stochastic traffic assignment model with multi-modes incorporating the concept of bounded rationality. Multi-criteria decision is considered using TODIM (which stands for “multi-criteria, interactive decision making” in Portuguese) method to generate variable demands, route uncertainty is taken into account based on cumulative prospect theory to measure route choice behavior. A numerical example is used to verify the validity of the new model. The sensitivity of the scaling parameters for the mode and route choice is also analyzed. Results confirmed the model’s applicability and showed that travelers’ preferences on different routes are reference dependent. Two scaling parameters have a significant influence on the final results and must be estimated very carefully from real data.

Original language	English
Title of host publication	International Symposium for Intelligent Transportation and Smart City (ITASC) 2019 Proceedings - Branch of ISADS The International Symposium on Autonomous Decentralized Systems
Editors	Jian Sun, Limin Ma, Xiongyao Xie, Xiaoqing Zeng, Yinong Chen
Place of Publication	Singapore
Publisher	Springer
Pages	49-62
Number of pages	14
ISBN (Electronic)	978-981-13-7542-2
ISBN (Print)	978-981-13-7541-5
DOIs	https://doi.org/10.1007/978-981-13-7542-2_5
Publication status	Published - 2019
Event	4th International Symposium for Intelligent Transportation and Smart City, ITASC 2019 - Shanghai, China Duration: 8 May 2019 → 10 May 2019

Publication series

Name	Smart Innovation, Systems and Technologies
Volume	127
ISSN (Print)	2190-3018
ISSN (Electronic)	2190-3026

Conference

Conference	4th International Symposium for Intelligent Transportation and Smart City, ITASC 2019
Country/Territory	China
City	Shanghai
Period	8/05/19 → 10/05/19

Funding

Acknowledgments. This research was supported by the National Natural Science Foundation of China (Number 71861032), National Natural Science Foundation of Xinjiang (Number 2018D01C071) and the doctoral research fund of Xinjiang University.

Keywords

Bounded rationality
Cumulative prospect theory
TODIM method
Travel behavior
Variable demands

Access to Document

10.1007/978-981-13-7542-2_5

Cite this

Zuo, Z., Pan, X., Wang, L., & Feng, T. (2019). Stochastic traffic-assignment with multi-modes based on bounded rationality. In J. Sun, L. Ma, X. Xie, X. Zeng, & Y. Chen (Eds.), International Symposium for Intelligent Transportation and Smart City (ITASC) 2019 Proceedings - Branch of ISADS The International Symposium on Autonomous Decentralized Systems (pp. 49-62). (Smart Innovation, Systems and Technologies; Vol. 127). Springer. https://doi.org/10.1007/978-981-13-7542-2_5

Zuo, Zhi ; Pan, Xiaofeng ; Wang, Lixiao et al. / Stochastic traffic-assignment with multi-modes based on bounded rationality. International Symposium for Intelligent Transportation and Smart City (ITASC) 2019 Proceedings - Branch of ISADS The International Symposium on Autonomous Decentralized Systems. editor / Jian Sun ; Limin Ma ; Xiongyao Xie ; Xiaoqing Zeng ; Yinong Chen. Singapore : Springer, 2019. pp. 49-62 (Smart Innovation, Systems and Technologies).

@inproceedings{8b8e983460c54dcebbf55ec7d022eba7,

title = "Stochastic traffic-assignment with multi-modes based on bounded rationality",

abstract = "This paper proposes a stochastic traffic assignment model with multi-modes incorporating the concept of bounded rationality. Multi-criteria decision is considered using TODIM (which stands for “multi-criteria, interactive decision making” in Portuguese) method to generate variable demands, route uncertainty is taken into account based on cumulative prospect theory to measure route choice behavior. A numerical example is used to verify the validity of the new model. The sensitivity of the scaling parameters for the mode and route choice is also analyzed. Results confirmed the model{\textquoteright}s applicability and showed that travelers{\textquoteright} preferences on different routes are reference dependent. Two scaling parameters have a significant influence on the final results and must be estimated very carefully from real data.",

keywords = "Bounded rationality, Cumulative prospect theory, TODIM method, Travel behavior, Variable demands",

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booktitle = "International Symposium for Intelligent Transportation and Smart City (ITASC) 2019 Proceedings - Branch of ISADS The International Symposium on Autonomous Decentralized Systems",

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note = "4th International Symposium for Intelligent Transportation and Smart City, ITASC 2019 ; Conference date: 08-05-2019 Through 10-05-2019",

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Zuo, Z, Pan, X, Wang, L & Feng, T 2019, Stochastic traffic-assignment with multi-modes based on bounded rationality. in J Sun, L Ma, X Xie, X Zeng & Y Chen (eds), International Symposium for Intelligent Transportation and Smart City (ITASC) 2019 Proceedings - Branch of ISADS The International Symposium on Autonomous Decentralized Systems. Smart Innovation, Systems and Technologies, vol. 127, Springer, Singapore, pp. 49-62, 4th International Symposium for Intelligent Transportation and Smart City, ITASC 2019, Shanghai, China, 8/05/19. https://doi.org/10.1007/978-981-13-7542-2_5

Stochastic traffic-assignment with multi-modes based on bounded rationality. / Zuo, Zhi; Pan, Xiaofeng; Wang, Lixiao et al.
International Symposium for Intelligent Transportation and Smart City (ITASC) 2019 Proceedings - Branch of ISADS The International Symposium on Autonomous Decentralized Systems. ed. / Jian Sun; Limin Ma; Xiongyao Xie; Xiaoqing Zeng; Yinong Chen. Singapore: Springer, 2019. p. 49-62 (Smart Innovation, Systems and Technologies; Vol. 127).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AU - Zuo, Zhi

AU - Pan, Xiaofeng

AU - Wang, Lixiao

AU - Feng, Tao

PY - 2019

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N2 - This paper proposes a stochastic traffic assignment model with multi-modes incorporating the concept of bounded rationality. Multi-criteria decision is considered using TODIM (which stands for “multi-criteria, interactive decision making” in Portuguese) method to generate variable demands, route uncertainty is taken into account based on cumulative prospect theory to measure route choice behavior. A numerical example is used to verify the validity of the new model. The sensitivity of the scaling parameters for the mode and route choice is also analyzed. Results confirmed the model’s applicability and showed that travelers’ preferences on different routes are reference dependent. Two scaling parameters have a significant influence on the final results and must be estimated very carefully from real data.

AB - This paper proposes a stochastic traffic assignment model with multi-modes incorporating the concept of bounded rationality. Multi-criteria decision is considered using TODIM (which stands for “multi-criteria, interactive decision making” in Portuguese) method to generate variable demands, route uncertainty is taken into account based on cumulative prospect theory to measure route choice behavior. A numerical example is used to verify the validity of the new model. The sensitivity of the scaling parameters for the mode and route choice is also analyzed. Results confirmed the model’s applicability and showed that travelers’ preferences on different routes are reference dependent. Two scaling parameters have a significant influence on the final results and must be estimated very carefully from real data.

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KW - Cumulative prospect theory

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Zuo Z, Pan X, Wang L, Feng T. Stochastic traffic-assignment with multi-modes based on bounded rationality. In Sun J, Ma L, Xie X, Zeng X, Chen Y, editors, International Symposium for Intelligent Transportation and Smart City (ITASC) 2019 Proceedings - Branch of ISADS The International Symposium on Autonomous Decentralized Systems. Singapore: Springer. 2019. p. 49-62. (Smart Innovation, Systems and Technologies). doi: 10.1007/978-981-13-7542-2_5

Stochastic traffic-assignment with multi-modes based on bounded rationality

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