Evaluation of Value of Travel Time Saving for Intra-/Inter-City Trip Using RP/SP Data

In most nations, the value of time (VOT) for cost-benefit analysis (CBA) is mainly calculated based on wage-rate. The VOT for CBA of road projects in Japan are also calculated based on wage-rate, regardless of the purpose or length of trip. The aim of this paper is to show the practical validity of VOT estimated using a route and modal choice model for both intra-city and inter-city trips. This research estimates the VOT using MNL, MXL, and RP/SP integrated models based on both revealed preference and stated preference data.