Dynamic toll pricing model for an intelligent transportation system with individual high occupancy toll lanes

Ki Sung Hong; Chul Ung Lee; Kyungchul Lee

doi:10.1109/ICITCS.2015.7292976

Dynamic toll pricing model for an intelligent transportation system with individual high occupancy toll lanes

Ki Sung Hong, Chul Ung Lee, Kyungchul Lee

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

2 Citations (Scopus)

Abstract

High occupancy toll (HOT) lanes increase the utilization of resources by allowing voluntarily users who are willing to pay a premium to access the high occupancy vehicle (HOV) lanes. The payment method for enabling HOT lanes is based on communication between a vehicle transponder and roadside communication systems. They can operate dynamically for a fixed or variable toll rate depending on peak or rush hour conditions. In this study, we focus on a dynamic toll pricing where drivers can choose between the HOT lane or the GP lane. In general, the objective of toll pricing strategies is to minimize the total travel time cost or the total travel time. Thus, we develop the two individual dynamic toll pricing models to determine the optimal toll rate for HOT lane.

Original language	English
Title of host publication	2015 5th International Conference on IT Convergence and Security, ICITCS 2015 - Proceedings
Publisher	Institute of Electrical and Electronics Engineers Inc.
ISBN (Print)	9781467365376
DOIs	https://doi.org/10.1109/ICITCS.2015.7292976
Publication status	Published - 2015 Oct 5
Externally published	Yes
Event	5th International Conference on IT Convergence and Security, ICITCS 2015 - Kuala Lumpur, Malaysia Duration: 2015 Aug 24 → 2015 Aug 27

Other

Other	5th International Conference on IT Convergence and Security, ICITCS 2015
Country/Territory	Malaysia
City	Kuala Lumpur
Period	15/8/24 → 15/8/27

Keywords

Mathematical model
Pricing
Vehicle dynamics
Vehicles
Wireless communication
Wireless sensor networks

ASJC Scopus subject areas

Computer Networks and Communications
Signal Processing

Access to Document

10.1109/ICITCS.2015.7292976

Cite this

Dynamic toll pricing model for an intelligent transportation system with individual high occupancy toll lanes. / Hong, Ki Sung; Lee, Chul Ung; Lee, Kyungchul.

2015 5th International Conference on IT Convergence and Security, ICITCS 2015 - Proceedings. Institute of Electrical and Electronics Engineers Inc., 2015. 7292976.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Hong, KS, Lee, CU & Lee, K 2015, Dynamic toll pricing model for an intelligent transportation system with individual high occupancy toll lanes. in 2015 5th International Conference on IT Convergence and Security, ICITCS 2015 - Proceedings., 7292976, Institute of Electrical and Electronics Engineers Inc., 5th International Conference on IT Convergence and Security, ICITCS 2015, Kuala Lumpur, Malaysia, 15/8/24. https://doi.org/10.1109/ICITCS.2015.7292976

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title = "Dynamic toll pricing model for an intelligent transportation system with individual high occupancy toll lanes",

abstract = "High occupancy toll (HOT) lanes increase the utilization of resources by allowing voluntarily users who are willing to pay a premium to access the high occupancy vehicle (HOV) lanes. The payment method for enabling HOT lanes is based on communication between a vehicle transponder and roadside communication systems. They can operate dynamically for a fixed or variable toll rate depending on peak or rush hour conditions. In this study, we focus on a dynamic toll pricing where drivers can choose between the HOT lane or the GP lane. In general, the objective of toll pricing strategies is to minimize the total travel time cost or the total travel time. Thus, we develop the two individual dynamic toll pricing models to determine the optimal toll rate for HOT lane.",

keywords = "Mathematical model, Pricing, Vehicle dynamics, Vehicles, Wireless communication, Wireless sensor networks",

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booktitle = "2015 5th International Conference on IT Convergence and Security, ICITCS 2015 - Proceedings",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

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N2 - High occupancy toll (HOT) lanes increase the utilization of resources by allowing voluntarily users who are willing to pay a premium to access the high occupancy vehicle (HOV) lanes. The payment method for enabling HOT lanes is based on communication between a vehicle transponder and roadside communication systems. They can operate dynamically for a fixed or variable toll rate depending on peak or rush hour conditions. In this study, we focus on a dynamic toll pricing where drivers can choose between the HOT lane or the GP lane. In general, the objective of toll pricing strategies is to minimize the total travel time cost or the total travel time. Thus, we develop the two individual dynamic toll pricing models to determine the optimal toll rate for HOT lane.

AB - High occupancy toll (HOT) lanes increase the utilization of resources by allowing voluntarily users who are willing to pay a premium to access the high occupancy vehicle (HOV) lanes. The payment method for enabling HOT lanes is based on communication between a vehicle transponder and roadside communication systems. They can operate dynamically for a fixed or variable toll rate depending on peak or rush hour conditions. In this study, we focus on a dynamic toll pricing where drivers can choose between the HOT lane or the GP lane. In general, the objective of toll pricing strategies is to minimize the total travel time cost or the total travel time. Thus, we develop the two individual dynamic toll pricing models to determine the optimal toll rate for HOT lane.

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Dynamic toll pricing model for an intelligent transportation system with individual high occupancy toll lanes

Abstract

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Keywords

ASJC Scopus subject areas

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