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Informative Article | Management | India | Volume 9 Issue 11, November 2020 | Rating: 4.7 / 10
Dynamic Toll Pricing Models and Traffic Flow Optimization
Abstract: In this paper, we present comprehensive decision- making procedures for designing a new toll plaza with the right initial capacity and finding the optimal dynamic lane configuration for operations. We also evaluate the effects of increasing future traffic volume on waiting time through sensitivity analysis and establish a long-term quantitative strategy by transferring low-throughput lane users to high-throughput lanes. Additionally, we propose the use of a non-linear integer programming model integrated with the M/G/1 queuing process to achieve these objectives.
Keywords: Toll Plaza, Pricing, Models, Optimization, Traffic
Edition: Volume 9 Issue 11, November 2020,
Pages: 1716 - 1722