Valuation of Time Savings

Mackie, Peter ; Nellthorp, John ; Laird, James

World Bank, Washington, DC

关键词: AGRICULTURE;    ALTERNATIVE USE;    BUS;    BUSES;    CHOICE OF MODE;   

RP-ID  :  33936

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This note has been drawn from a numberof texts including "The Value of Time In EconomicEvaluation of Transport Projects" (Gwilliam, 1997),"Values of Travel Time Savings in the UK - Summary andConclusions" (Mackie et al, 2003), and "The Valueof Time in least Developed Countries" (IT Transport,2002). The conceptual basis for valuing time is discussed inSection 1. Sections 2 and 3 discuss the theoretical basisfor valuing work time savings and non-work time savingsrespectively, while Sections 4 and 5 discuss the value oftime savings to buses, and to freight. The treatment ofsmall time savings are presented in Sections 6 and 7.Section 8 sets out the manner that disparities betweenregions for values of time should be treated within the costbenefit analysis, and the use of standard values of time.Section 9 summarizes the practical methodologies that shouldbe used for the estimation of travel time savings, whileSection 10 summarizes the key recommendations of this note.