How Does Bike-sharing Affect the Value of Travel Time Saving?

Abstract

The value of travel time saving attaches a monetary value to travel time savings. In urban traffic, it is a one of central concepts for transport policy. After the birth of bike sharing in China, bike sharing has played an important role in commute, and the value of travel time savings has also changed. This paper establishes a random utility function model, we calculate the value of time savings in different scenarios, and we analyses the disctinction of the VTTSs of different travel modes, according to our result of models, the suggestions will be given for urban traffic construction in Beijing to improve commute efficiency base on the result of this empirical study.