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Investigating the Monetary Value of Bus Arrival Time Information
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실시간 버스도착정보의 가치 측정에 관한 연구

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Academic journal
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Journal
Korean Society Of Transportation Journal of Korean Society of Transportation Vol.23 No.6 KCI Excellent Accredited Journal
Published
2005.12
Pages
81 - 89 (9page)

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Investigating the Monetary Value of Bus Arrival Time Information
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Research history (2)

2005

Investigating the Monetary Value of Bus Arrival Time Information
Bin ,  Mi-Yeong ,  Kim Journal of Korean Society of Transportation 2005.12 Academic journal

2004

A Study on Measuring Value of the BIS Bus Arrival Information Providing Service
Bin ,  Mi-Yeong ,  정태화 Proceedings of the KOR-KST Conference 2004.10 Proceeding
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Abstract· Keywords

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Real-time bus arrival information within the Bus Information System (BIS) is an invaluable resource for users that demand accurate and up-to-date bus headway information while waiting at a bus stop. The associated benefits of such a system come in two folds, that is to 1) resolve the psychological uncertainty caused by the lack of real-time bus arrival information and 2) empower the user waiting at bus stops with the ability to reliably coordinate various tasks and errands, such as a quick trip into a convenience store or restroom without fear of missing a bus pick-up. This paper discusses the appropriate methodology with which to measure the economic value of reliable bus arrival information, with particular emphasis on the psychological uncertainty in users associated with the lack of real-time headway information at bus stops. Data regarding bus transit users' willingness to pay for such a service is obtained through questionnaire surveys, and the Contingent Valuation Method is used to analyze and derive the associated economic value. Our findings indicate the monetary value associated with a real-time bus arrival information system is approximately 132.5 won/min at the 0.3 significance level.
#CVM(Contingent Valuation Method) #Willingness to pay #버스도착정보의 가치 #지불의사액 #BIS(Bus Information System)

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[학술지(정기간행물)] - / 2002 / Micorsoft Excel 2000에 의한 통계적 조사 방법 google schola [학술지(정기간행물)] - / 1999 / 환경가치의 지역적 평가 -강화도 남단갯벌에 대한 여가가치 추정 . google schola [학술지(정기간행물)] - / 2003 / ITS사업의 평가방법론 정립 및 활용 한국 평가방법론 사례분석을 중심으로 google schola [학술지(정기간행물)] - / 1985 / Essays on the valuation of non-market resources. Conceptual issues and empirical case studies university of wisconsin google schola [학술지(정기간행물)] - / 1947 / Capital return from soil-conservation practices : 1188 ~ 90 google schola

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