INFLUENCE OF DEMAND-QUALITY INTERRELATIONSHIPS ON OPTIMAL POLICIES FOR STAGE CONSTRUCTION OF TRANSPORTATION FACILITIES.

J. Enrique Fernandez; Terry L. Friesz

doi:10.1287/trsc.15.1.16

INFLUENCE OF DEMAND-QUALITY INTERRELATIONSHIPS ON OPTIMAL POLICIES FOR STAGE CONSTRUCTION OF TRANSPORTATION FACILITIES.

J. Enrique Fernandez, Terry L. Friesz

Research output: Contribution to journal › Article › peer-review

24 Scopus citations

Abstract

This paper describes how optimal control theory may be used to analyze the time staging of investment decisions for transportation facilities when there is an interrelationship between demand and level of service. Second order conditions are developed for various cases of practical significance. A numerical example is introduced to illustrate the effect that demand-quality interrelationships can have on the optimal time staging policy.

Original language	English (US)
Pages (from-to)	16-31
Number of pages	16
Journal	Transportation Science
Volume	15
Issue number	1
DOIs	https://doi.org/10.1287/trsc.15.1.16
State	Published - 1981

All Science Journal Classification (ASJC) codes

Civil and Structural Engineering
Transportation

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10.1287/trsc.15.1.16

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abstract = "This paper describes how optimal control theory may be used to analyze the time staging of investment decisions for transportation facilities when there is an interrelationship between demand and level of service. Second order conditions are developed for various cases of practical significance. A numerical example is introduced to illustrate the effect that demand-quality interrelationships can have on the optimal time staging policy.",

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INFLUENCE OF DEMAND-QUALITY INTERRELATIONSHIPS ON OPTIMAL POLICIES FOR STAGE CONSTRUCTION OF TRANSPORTATION FACILITIES.

Abstract

All Science Journal Classification (ASJC) codes

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