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 proceedingConference contributionAcademicpeer-review

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 languageEnglish
Title of host publicationInternational Symposium for Intelligent Transportation and Smart City (ITASC) 2019 Proceedings - Branch of ISADS The International Symposium on Autonomous Decentralized Systems
EditorsJian Sun, Limin Ma, Xiongyao Xie, Xiaoqing Zeng, Yinong Chen
Place of PublicationSingapore
PublisherSpringer
Pages49-62
Number of pages14
ISBN (Electronic)978-981-13-7542-2
ISBN (Print)978-981-13-7541-5
DOIs
Publication statusPublished - 2019
Event4th International Symposium for Intelligent Transportation and Smart City, ITASC 2019 - Shanghai, China
Duration: 8 May 201910 May 2019

Publication series

NameSmart Innovation, Systems and Technologies
Volume127
ISSN (Print)2190-3018
ISSN (Electronic)2190-3026

Conference

Conference4th International Symposium for Intelligent Transportation and Smart City, ITASC 2019
CountryChina
CityShanghai
Period8/05/1910/05/19

Keywords

  • Bounded rationality
  • Cumulative prospect theory
  • TODIM method
  • Travel behavior
  • Variable demands

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  • 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