Valuation of Time Savings
This note has been drawn from a number of texts including "The Value of Time In Economic Evaluation of Transport Projects" (Gwilliam, 1997), "Values of Travel Time Savings in the UK - Summary and Conclusions" (Mackie et al, 2003...
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| Format: | Brief |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/01/6379214/valuation-time-savings http://hdl.handle.net/10986/11800 |
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okr-10986-118002021-04-23T14:02:57Z Valuation of Time Savings Mackie, Peter Nellthorp, John Laird, James AGRICULTURE ALTERNATIVE USE BUS BUSES CHOICE OF MODE COMMERCIAL VEHICLES COMMUTING CONSUMER SURPLUS COST BENEFIT ANALYSIS COST EFFECTIVENESS COSTS PER TRIP DRIVERS DRIVING ECONOMIC EVALUATION ECONOMIC THEORY ECONOMIC VALUE FORECASTS FRAMEWORK FREIGHT TRAFFIC FREIGHT TRANSPORT GDP GDP PER CAPITA INCOME INCOME GROUPS INCOME LEVELS INTERVIEWS JOURNEY JOURNEY LENGTH JOURNEY PURPOSES JOURNEY TIME JOURNEY TO WORK LONG DISTANCES MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL PRODUCTIVITY MARGINAL REVENUE METHODOLOGIES METHODOLOGY MODE OF TRANSPORT MODES OF TRANSPORT OVERHEAD COSTS PASSENGER PRODUCTION COSTS ROUTE CHOICE ROUTES SAVINGS TAXATION TECHNIQUES TIME CONSTRAINTS TIME SERIES TOLL ROAD PROJECTS TOLL ROADS TRAFFIC TRAFFIC CONGESTION TRANSPORT TRANSPORT ECONOMICS TRANSPORT INFRASTRUCTURE TRANSPORT POLICIES TRANSPORT POLICY TRANSPORT PROJECTS TRANSPORT SECTOR TRAVEL TIME TRAVELLERS TRIP PURPOSE TRIPS UNEMPLOYMENT URBAN BUS URBAN ROUTES URBAN TRIPS VALUE OF TIME VARIABILITY VEHICLE OPERATING COSTS WAGE RATES WAITING TIME WALKING WALKING TIME WEIGHTING WORK JOURNEYS WORK TRAVEL WORK TRIP WORK TRIP TIME WORK TRIPS This note has been drawn from a number of texts including "The Value of Time In Economic Evaluation of Transport Projects" (Gwilliam, 1997), "Values of Travel Time Savings in the UK - Summary and Conclusions" (Mackie et al, 2003), and "The Value of Time in least Developed Countries" (IT Transport, 2002). The conceptual basis for valuing time is discussed in Section 1. Sections 2 and 3 discuss the theoretical basis for valuing work time savings and non-work time savings respectively, while Sections 4 and 5 discuss the value of time savings to buses, and to freight. The treatment of small time savings are presented in Sections 6 and 7. Section 8 sets out the manner that disparities between regions for values of time should be treated within the cost benefit analysis, and the use of standard values of time. Section 9 summarizes the practical methodologies that should be used for the estimation of travel time savings, while Section 10 summarizes the key recommendations of this note. 2012-08-13T16:03:43Z 2012-08-13T16:03:43Z 2005-01 http://documents.worldbank.org/curated/en/2005/01/6379214/valuation-time-savings http://hdl.handle.net/10986/11800 English Transport Notes Series; No. TRN 15 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AGRICULTURE ALTERNATIVE USE BUS BUSES CHOICE OF MODE COMMERCIAL VEHICLES COMMUTING CONSUMER SURPLUS COST BENEFIT ANALYSIS COST EFFECTIVENESS COSTS PER TRIP DRIVERS DRIVING ECONOMIC EVALUATION ECONOMIC THEORY ECONOMIC VALUE FORECASTS FRAMEWORK FREIGHT TRAFFIC FREIGHT TRANSPORT GDP GDP PER CAPITA INCOME INCOME GROUPS INCOME LEVELS INTERVIEWS JOURNEY JOURNEY LENGTH JOURNEY PURPOSES JOURNEY TIME JOURNEY TO WORK LONG DISTANCES MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL PRODUCTIVITY MARGINAL REVENUE METHODOLOGIES METHODOLOGY MODE OF TRANSPORT MODES OF TRANSPORT OVERHEAD COSTS PASSENGER PRODUCTION COSTS ROUTE CHOICE ROUTES SAVINGS TAXATION TECHNIQUES TIME CONSTRAINTS TIME SERIES TOLL ROAD PROJECTS TOLL ROADS TRAFFIC TRAFFIC CONGESTION TRANSPORT TRANSPORT ECONOMICS TRANSPORT INFRASTRUCTURE TRANSPORT POLICIES TRANSPORT POLICY TRANSPORT PROJECTS TRANSPORT SECTOR TRAVEL TIME TRAVELLERS TRIP PURPOSE TRIPS UNEMPLOYMENT URBAN BUS URBAN ROUTES URBAN TRIPS VALUE OF TIME VARIABILITY VEHICLE OPERATING COSTS WAGE RATES WAITING TIME WALKING WALKING TIME WEIGHTING WORK JOURNEYS WORK TRAVEL WORK TRIP WORK TRIP TIME WORK TRIPS |
| spellingShingle |
AGRICULTURE ALTERNATIVE USE BUS BUSES CHOICE OF MODE COMMERCIAL VEHICLES COMMUTING CONSUMER SURPLUS COST BENEFIT ANALYSIS COST EFFECTIVENESS COSTS PER TRIP DRIVERS DRIVING ECONOMIC EVALUATION ECONOMIC THEORY ECONOMIC VALUE FORECASTS FRAMEWORK FREIGHT TRAFFIC FREIGHT TRANSPORT GDP GDP PER CAPITA INCOME INCOME GROUPS INCOME LEVELS INTERVIEWS JOURNEY JOURNEY LENGTH JOURNEY PURPOSES JOURNEY TIME JOURNEY TO WORK LONG DISTANCES MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL PRODUCTIVITY MARGINAL REVENUE METHODOLOGIES METHODOLOGY MODE OF TRANSPORT MODES OF TRANSPORT OVERHEAD COSTS PASSENGER PRODUCTION COSTS ROUTE CHOICE ROUTES SAVINGS TAXATION TECHNIQUES TIME CONSTRAINTS TIME SERIES TOLL ROAD PROJECTS TOLL ROADS TRAFFIC TRAFFIC CONGESTION TRANSPORT TRANSPORT ECONOMICS TRANSPORT INFRASTRUCTURE TRANSPORT POLICIES TRANSPORT POLICY TRANSPORT PROJECTS TRANSPORT SECTOR TRAVEL TIME TRAVELLERS TRIP PURPOSE TRIPS UNEMPLOYMENT URBAN BUS URBAN ROUTES URBAN TRIPS VALUE OF TIME VARIABILITY VEHICLE OPERATING COSTS WAGE RATES WAITING TIME WALKING WALKING TIME WEIGHTING WORK JOURNEYS WORK TRAVEL WORK TRIP WORK TRIP TIME WORK TRIPS Mackie, Peter Nellthorp, John Laird, James Valuation of Time Savings |
| relation |
Transport Notes Series; No. TRN 15 |
| description |
This note has been drawn from a number
of texts including "The Value of Time In Economic
Evaluation of Transport Projects" (Gwilliam, 1997),
"Values of Travel Time Savings in the UK - Summary and
Conclusions" (Mackie et al, 2003), and "The Value
of Time in least Developed Countries" (IT Transport,
2002). The conceptual basis for valuing time is discussed in
Section 1. Sections 2 and 3 discuss the theoretical basis
for valuing work time savings and non-work time savings
respectively, while Sections 4 and 5 discuss the value of
time savings to buses, and to freight. The treatment of
small time savings are presented in Sections 6 and 7.
Section 8 sets out the manner that disparities between
regions for values of time should be treated within the cost
benefit analysis, and the use of standard values of time.
Section 9 summarizes the practical methodologies that should
be used for the estimation of travel time savings, while
Section 10 summarizes the key recommendations of this note. |
| format |
Publications & Research :: Brief |
| author |
Mackie, Peter Nellthorp, John Laird, James |
| author_facet |
Mackie, Peter Nellthorp, John Laird, James |
| author_sort |
Mackie, Peter |
| title |
Valuation of Time Savings |
| title_short |
Valuation of Time Savings |
| title_full |
Valuation of Time Savings |
| title_fullStr |
Valuation of Time Savings |
| title_full_unstemmed |
Valuation of Time Savings |
| title_sort |
valuation of time savings |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/01/6379214/valuation-time-savings http://hdl.handle.net/10986/11800 |
| _version_ |
1764418039492640768 |