9 results on '"Batley, Richard P."'
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2. On the value of distribution tail in the valuation of travel time variability
- Author
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Zang, Zhaoqi, Batley, Richard, Xu, Xiangdong, and Wang, David Z. W.
- Subjects
Economics - General Economics - Abstract
Extensive empirical studies show that the long distribution tail of travel time and the corresponding unexpected delay can have much more serious consequences than expected or moderate delay. However, the unexpected delay due to the distribution tail of travel time has received limited attention in recent studies of the valuation of travel time variability. As a complement to current valuation research, this paper proposes the concept of the value of travel time distribution tail, which quantifies the value that travelers place on reducing the unexpected delay for hedging against travel time variability. Methodologically, we define the summation of all unexpected delays as the unreliability area to quantify travel time distribution tail and show that it is a key element of two well-defined measures accounting for unreliable aspects of travel time. We then formally derive the value of distribution tail, show that it is distinct from the more established value of reliability (VOR), and combine it and the VOR in an overall value of travel time variability (VOV). We prove theoretically that the VOV exhibits diminishing marginal benefit in terms of the traveler's punctuality requirements under a validity condition. This implies that it may be economically inefficient for travelers to blindly pursue a higher probability of not being late. We then proceed to develop the concept of the travel time variability ratio, which gives the implicit cost of the punctuality requirement imposed on any given trip. Numerical examples reveal that the cost of travel time distribution tail can account for more than 10% of the trip cost, such that its omission could introduce non-trivial bias into route choice models and transportation appraisal more generally.
- Published
- 2022
- Full Text
- View/download PDF
3. The problem of homogeneity of rail passenger delay compensation scheme rules in Great Britain: impacts on passenger engagement and operator revenues
- Author
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Rossa, Kacper, Smith, Andrew S J, Batley, Richard P, and Hudson, Phillip
- Published
- 2023
- Full Text
- View/download PDF
4. On the path independence conditions for discrete-continuous demand.
- Author
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Batley, Richard and Nicolás Ibáñez, J.
- Subjects
DISCRETE choice models ,ECONOMIC demand ,CONSUMER behavior ,SURPLUS (Economics) ,PROBABILITY theory ,CONSUMPTION (Economics) - Abstract
Abstract: We consider the manner in which the well-established path independence conditions apply to Small and Rosen's (1981) problem of discrete-continuous demand, focussing especially upon the restricted case of discrete choice (probabilistic) demand. We note that the consumer surplus measure promoted by Small and Rosen, which is specific to the probabilistic demand, imposes path independence to price changes a priori. We find that path independence to income changes can further be imposed provided a numeraire good is available in the consumption set. We show that, for practical purposes, McFadden's (1981) ‘residual income' specification of the conditional indirect utility function offers an appropriate means of representing path independence to price and income changes. [Copyright &y& Elsevier]
- Published
- 2013
- Full Text
- View/download PDF
5. Randomness in preference orderings, outcomes and attribute tastes: An application to journey time risk.
- Author
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Batley, Richard and Ibáñez, J. Nicolás
- Subjects
PROBABILITY theory ,DISCRETE choice models ,MULTILEVEL models ,RELIABILITY in engineering ,TRANSPORTATION policy ,EMPIRICAL research - Abstract
Abstract: Within the broad area of probabilistic modelling of individual discrete choice, we develop three strands of discussion. First, we outline a theoretical framework for the modelling of individual discrete choice under risk, distinguishing between three specific sources of randomness; in preference orderings, in outcomes, and in attribute tastes. Second, we apply this theoretical modelling framework to the domain of journey time risk (or ‘reliability’), a subject which has acquired prominence in the transportation policies of many countries. Third, we apply the modelling framework empirically, based upon a Stated Preference experiment of 2395 rail travellers choosing between alternative journeys embodying different levels of journey time risk. Across the sample of travellers, we estimate a mean value of scheduled journey time of 25.62pence/min, against a median of 18.55pence/min. We further estimate a mean ‘reliability ratio’ (ratio of the value of standard deviation of journey time to the value of scheduled journey time) of 2.07, against a median of 0.85. The properties of the distribution of the reliability ratio suggest a predominant behaviour of aversion to journey time risk. [Copyright &y& Elsevier]
- Published
- 2012
- Full Text
- View/download PDF
6. Reliability Equivalence in Public Transport Contexts
- Author
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Leahy, Christopher, Chen, Haibo, and Batley, Richard
- Abstract
This work provides initial investigation into whether equivalence between the mean-variance and scheduling approaches to transport reliability can be applied in the context high frequency public transport services. Each of these approaches is briefly outlined and the current work is framed by previous research attempting to demonstrate equivalence: both theoretically and empirically. The basic assumptions underpinning the theoretical approach to equivalence are explored and then re-formulated based upon which variables are likely to be known. The concept of headway is introduced to the theoretical approach using notation from previous research in order to represent public transport services. An empirical illustration of the method is undertaken using smart card data obtained from the London Underground metro system. The data are combined with timetable data and a previously developed method for estimating passenger preferred arrival times, which in turn allows the theoretical equivalence between mean-variance and scheduling approaches to be tested empirically. This is initially performed for a single origin-destination (OD) pair and then for 23 other ODs of varying headways. The example using a single OD demonstrates that even for a high frequency metro service, application of the theoretical equivalence is problematic, with variable parameters substantially affected. In the case of many ODs, a linear relationship is observed between the ratio of public transport to standard scheduling parameters and headway, suggesting the theoretical equivalence becomes less viable as headway increases. At the lowest values of headway, it is concluded that the equivalence remains problematic and further work is required before equivalence between the mean variance and scheduling approaches can be implemented in the public transport context.
- Published
- 2014
- Full Text
- View/download PDF
7. The Urban Programme: a report on Some Programme Funded Projects
- Author
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BATLEY, RICHARD and EDWARDS, JOHN
- Abstract
The paper reports on a questionnaire survey of a sample of projects funded by the Urban Programme. Six of the most frequently funded project types were surveyed, and questionnaires sent to local authorities and voluntary agencies running the projects. Four main areas of investigation are reported—the aims and achievements of projects and the relationship of project aims to programme aims; the origins and development of projects; the testing of some claims made of the Urban Programme; and a testing of local authority and voluntary agency reactions to the Urban Programme in general. Most projects were aimed as much at improving access to and information about other services, as they were with providing a direct service. Whilst most projects were rated as successful, the notion of what constituted success varied considerably. More than a half of all projects were modified from the original aims and structure during the course of development and more than two-thirds would be altered in more than detail were application for urban aid to be made anew. Of the four ‘claims’ about the Urban Programme tested in the survey, two were found to be largely substantiated-that the programme has a ‘multiplier’ effect, and that one of the major areas of benefit of the programme lies in the spin-offs it produces by way of experience gained and lessons learned. The two others were not substantiated—that programme funding enables rapid implementation of projects, and that the programme provides the only possible source of funding for such projects, which would otherwise not be established - Published
- 1974
8. Book reviews
- Author
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Riley, Stephen, Taylor, Trevor, Guelke, Adrian, Mueller, M. G., Bull, David, Ritchie, G. N., Shaw, Clive, Rogers, Christopher, Thornton, D. S., Hay, Roger, Elliott, Charles, Seddon, David, Mitchell, C. R., Makinda, Samuel, Wiseman, John, Caplan, Lionel, Burrell, R. M., Roitnson, Austin, Ellen, Roy, Pamuk, Sevket, Taylor, John, Husain, Azim, Thoburn, John, Alan, James, Phang, Paul Chang Min, Watts, David, Batley, Richard, Ankrah-Dove, Linda, and Jmcivor, Timothy
- Abstract
Making the Most of the Least: alternative ways to development. Edited by Leonard Berry and Robert W Kates, New York: Holmes & Meier. 1980. 282pp. £17.25The Study of Political Adaptation. James N Rosenau, London: Frances Pinter. 1981. 235pp. £15.00. £6.00pbPerspectives on World Politics. Edited by Michael Smith, Richard Little and Michael Shackleton, London: Croom Helm. 1980. 431pp. £12.95Vodka-Cola: the explosive cocktail of detente. Charles Levinson Horsham, England: Biblias. 1980.328pp. £9.95White Supremacy: a comparative study in American and South African history. George M Fredrickson, New York: OUP. 1981. 356pp. £12.50The Third World Calamity. Brian May, London: Routledge and Kegan Paul. 1981. 274pp. £8.95Reflections on Economic Development and Social Change: essays in honour of Professor V K R V Rao. Edited by C H H Rao and P C Joshi, Oxford: Martin Robertson. 1979. 486pp. £19.50Circle of Poison: pesticides and people in a hungry world. David Weir and Mark Schapiro San Francisco: Institute for Food and Development Policy. 1981. 101pp. $3.95pbUnited States Food Aid in a Global Context. Mitchell B Wallerstein, London: Massachusetts Institute of Technology. 1980. 299pp. £21.00The World of States. J D B Miller, London: Croom Helm. 1981.179pp. £12.50The Development Gap: a spatial analysis of world poverty and inequality. J P Cole Chichester, England: John Wiley. 1981. 454pp. £16.80Agribusiness in the Americas. Roger Burbach and Patricia Flynn, London: Monthly Review Press. 1980. 314pp. £3.25A Plough in Field Arable: western agribusiness in Third World agriculture. Sarah Potts Voll London: University of New Hampshire. 1981. 213pp. £7.25Food Policies. John R Tarrant Chichester, England: John Wiley. 1980. 338pp. £15.00The Political Economy of EEC Relations with African, Caribbean and Pacific States: contributions to the understanding of the Lomé Convention on North-South relations. Edited by Frank Long, Oxford: Pergamon. 1980. 192pp. £10.50EEC and the Third World: a survey. Edited by Christopher Stevens, London: Hodder & Stoughton. 1981. 150pp. £5.00pbA Framework for Development: the EEC and the ACP. Carol Cosgrove Twitchett, London: George Allen & Unwin. 1981. 160pp. £12.00The EEC's Generalised Scheme of Preferences and the Yaoundé and Other Agreements: benefits in trade and development for less developed countries. Delsie M Gandia Montclair, US: Allanheld Osmun. 1981. 178pp. $20.00The Trade Union Movement in Africa: promise and performance. Wogu Ananaba, London: C Hurst. 1979. 260pp. £9.00Organise... or Starve: the history of the South African Congress of Trade Unions. Ken Luckhardt and Brenda Walls, London: Lawrence & Wishart. 1980. 520pp. £7.95. £3.50pbConflict and Intervention in the Horn of Africa. Bereket Habte Selassie, London: Monthly Review Press. 1980. 211pp. £8.00The Development of Corporate Capitalism in Kenya 1918-77. Nicola Swainson, London: Heinemann Educational. 1980. 306pp. £3.95pbSoviet and Chinese Aid to African Nations. Editd by Warren Weinstein and Thomas H Henriksen, New York: Praeger. 1980. 184pp. £13.00Nepal in Crisis: growth and stagnation at the periphery P Blaikie, J Cameron and D Seddon, Oxford: Clarendon Press. 1980. 311pp. £17.50. Electoral Politics in the Middle East: issues, voters and elites. Edited by Jacob M Landau, Ergun Özbudun and Frank Tachau, London: Croom Helm & Stanford: Hoover Institution. 1980. 335pp. £19.95Survey of Economy, Resources and Prospects of South Asia. M L Qureshi Colombo: Marga Institute (in association with Third World Foundation). 1981. 274pp. npSociology of Southeast Asia: readings on social change and development. Edited by Hans-Dieter Evers Oxford University Press. 1981. 292pp. £17.50.State Manufacturing Enterprise in a Mixed Economy: the Turkish case. Bertil Walstedt, London: John Hopkins (for the World Bank). 1981. 354pp. £6.00The Political Economy of Income Distribution in Turkey. Edited by Ergun Özbudun and Aydin Ulusan, London: Holmes & Meier. 1980. 533pp. £22.95Minangkabau Social Formations: Indonesian peasants and the world economy. Joel S Kahn, Cambridge University Press. 1980. 228pp. £15.00Industrial Growth, Employment and Foreign Investment in Peninsula Malaysia. Lutz Hoffman and Tan Siew Ee Oxford University Press. 1980. 322pp. £19.50Egypt: economic management in a period of transition. Khalid Ikram, London: John Hopkins University Press. 1980. 444pp. npKorea: a decade of development. Edited by Yunshik Chang Seoul National University Press. 1980. 312pp. $10.00Pakhtun Economy and Society. Akbar S Ahmed, London: Routledge & Kegan Paul. 1980. 416pp. £15.00Chinese Educational Policy. Jan-Ingvar Lofstedt Stockholm: Almqvist & Wiksell. 1980. 203pp. SKr 185The Caribbean Issues of Emergence: socio-economic and political perspective. Vincent R McDonald, Washington DC: University of America. 1980. 356pp. $21.25. $11.95pbThe Structure of Brazilian Development. Edited by Nuema Aguiar New Brunswick, New Jersey: Transaction Books. 1979. 258pp. $14.95Literacy and Revolution: the pedagogy of Paulo Freire. Edited by Robert Mackie, London: Pluto Press. 1980. 166pp. £3.50pbTheories of Imperialism. Wolfgang J Mommsen, London: Weidenfeld & Nicolson. 1981. 180pp. £8.50Colonialism 1870-1945: an introduction. D K Fieldhouse, London: Weidenfeld & Nicolson. 1981. 151pp. £8.95
- Published
- 1981
- Full Text
- View/download PDF
9. Letters to the Editor
- Author
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BATLEY, RICHARD
- Published
- 1974
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