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Optimal distance tolls under congestion pricing and continuously distributed value of time
Authors:Qiang Meng  Zhiyuan Liu  Shuaian Wang
Institution:Department of Civil and Environmental Engineering, National University of Singapore, Singapore 117576, Singapore
Abstract:This paper addresses the optimal distance-based toll design problem for cordon-based congestion pricing schemes. The optimal distance tolls are determined by a positive and non-decreasing toll-charge function with respect to the travel distance. Each feasible toll-charge function is evaluated by a probit-based SUE (Stochastic User Equilibrium) problem with elastic demand, asymmetric link travel time functions, and continuously distributed VOT, solved by a convergent Cost Averaging (CA) method. The toll design problem is formulated as a mixed-integer mathematical programming with equilibrium constraints (MPEC) model, which is solved by a Hybrid GA (Genetic Algorithm)–CA method. Finally, the proposed models and algorithms are assessed by two numerical examples.
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