Publication:
Valuation of Time Savings

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dc.contributor.authorMackie, Peter
dc.contributor.authorNellthorp, John
dc.contributor.authorLaird, James
dc.date.accessioned2012-08-13T16:03:43Z
dc.date.available2012-08-13T16:03:43Z
dc.date.issued2005-01
dc.description.abstractThis note has been drawn from a number of texts including "The Value of Time In Economic Evaluation of Transport Projects" (Gwilliam, 1997), "Values of Travel Time Savings in the UK - Summary and Conclusions" (Mackie et al, 2003), and "The Value of Time in least Developed Countries" (IT Transport, 2002). The conceptual basis for valuing time is discussed in Section 1. Sections 2 and 3 discuss the theoretical basis for valuing work time savings and non-work time savings respectively, while Sections 4 and 5 discuss the value of time savings to buses, and to freight. The treatment of small time savings are presented in Sections 6 and 7. Section 8 sets out the manner that disparities between regions for values of time should be treated within the cost benefit analysis, and the use of standard values of time. Section 9 summarizes the practical methodologies that should be used for the estimation of travel time savings, while Section 10 summarizes the key recommendations of this note.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/01/6379214/valuation-time-savings
dc.identifier.urihttps://hdl.handle.net/10986/11800
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesTransport Notes Series; No. TRN 15
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURE
dc.subjectALTERNATIVE USE
dc.subjectBUS
dc.subjectBUSES
dc.subjectCHOICE OF MODE
dc.subjectCOMMERCIAL VEHICLES
dc.subjectCOMMUTING
dc.subjectCONSUMER SURPLUS
dc.subjectCOST BENEFIT ANALYSIS
dc.subjectCOST EFFECTIVENESS
dc.subjectCOSTS PER TRIP
dc.subjectDRIVERS
dc.subjectDRIVING
dc.subjectECONOMIC EVALUATION
dc.subjectECONOMIC THEORY
dc.subjectECONOMIC VALUE
dc.subjectFORECASTS
dc.subjectFRAMEWORK
dc.subjectFREIGHT TRAFFIC
dc.subjectFREIGHT TRANSPORT
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectINCOME
dc.subjectINCOME GROUPS
dc.subjectINCOME LEVELS
dc.subjectINTERVIEWS
dc.subjectJOURNEY
dc.subjectJOURNEY LENGTH
dc.subjectJOURNEY PURPOSES
dc.subjectJOURNEY TIME
dc.subjectJOURNEY TO WORK
dc.subjectLONG DISTANCES
dc.subjectMARGINAL COST
dc.subjectMARGINAL COST OF PRODUCTION
dc.subjectMARGINAL PRODUCTIVITY
dc.subjectMARGINAL REVENUE
dc.subjectMETHODOLOGIES
dc.subjectMETHODOLOGY
dc.subjectMODE OF TRANSPORT
dc.subjectMODES OF TRANSPORT
dc.subjectOVERHEAD COSTS
dc.subjectPASSENGER
dc.subjectPRODUCTION COSTS
dc.subjectROUTE CHOICE
dc.subjectROUTES
dc.subjectSAVINGS
dc.subjectTAXATION
dc.subjectTECHNIQUES
dc.subjectTIME CONSTRAINTS
dc.subjectTIME SERIES
dc.subjectTOLL ROAD PROJECTS
dc.subjectTOLL ROADS
dc.subjectTRAFFIC
dc.subjectTRAFFIC CONGESTION
dc.subjectTRANSPORT
dc.subjectTRANSPORT ECONOMICS
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORT POLICIES
dc.subjectTRANSPORT POLICY
dc.subjectTRANSPORT PROJECTS
dc.subjectTRANSPORT SECTOR
dc.subjectTRAVEL TIME
dc.subjectTRAVELLERS
dc.subjectTRIP PURPOSE
dc.subjectTRIPS
dc.subjectUNEMPLOYMENT
dc.subjectURBAN BUS
dc.subjectURBAN ROUTES
dc.subjectURBAN TRIPS
dc.subjectVALUE OF TIME
dc.subjectVARIABILITY
dc.subjectVEHICLE OPERATING COSTS
dc.subjectWAGE RATES
dc.subjectWAITING TIME
dc.subjectWALKING
dc.subjectWALKING TIME
dc.subjectWEIGHTING
dc.subjectWORK JOURNEYS
dc.subjectWORK TRAVEL
dc.subjectWORK TRIP
dc.subjectWORK TRIP TIME
dc.subjectWORK TRIPS
dc.titleValuation of Time Savingsen
dspace.entity.typePublication
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2005/01/6379214/valuation-time-savings
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEducation
okr.globalpracticeTransport and ICT
okr.globalpracticeTransport and ICT
okr.guid424721468176986221
okr.identifier.externaldocumentum000012009_20051031092207
okr.identifier.internaldocumentum6379214
okr.identifier.report33936
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/10/31/000012009_20051031092207/Rendered/PDF/339360rev0trn0150EENote2pdf.pdfen
okr.topicUrban Development::Transport in Urban Areas
okr.topicRoads and Highways
okr.topicScience Education
okr.topicEconomic Theory and Research
okr.topicScientific Research and Science Parks
okr.topicEducation
okr.topicScience and Technology Development
okr.topicMacroeconomics and Economic Growth
okr.topicTransport
okr.unitTransport Unit (ETWTR)
okr.volume1 of 1
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