Value of Time for Commercial Vehicle Operators

Value of time was estimated for commercial vehicle operators in Minnesota to quantify the effects of spring load restrictions. A sample was constructed from several trucking industry sources to conduct a survey. Interviews were conducted using an adaptive stated preference (ASP) survey to derive an estimate to the nearest dollar. A tobit model was fi t to the data from the interviews to derive the estimate for value of time, $49.42 per hour. Variation in the distribution of values is explained in part by fleet operation: whether the firm operates as a for-hire carrier or a private carrier.


Issue Date:
2005
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/206748
Published in:
Journal of the Transportation Research Forum, Volume 44, Number 1
Page range:
89-102
Total Pages:
15




 Record created 2017-04-01, last modified 2017-08-22

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