This book presents rigorous treatments of issues related to congestion pricing. The chapters describe recent advances in areas such as mathematical and computational models for predicting traffic congestion, determining when, where, and how much to levy tolls, and analyzing the impact of tolls on transporation systems. The analyses and methodologies developed in this book provide:
- Mechanisms that aid in determining and comparing congestion pricing schemes
- Methodologies for evaluating the efficiency of existing and proposed congestion pricing schemes
- A means to predict the impact of pricing on urban transporation systems
- Information essential to the financial and political success of congestion pricing programs.
This monograph addresses this issue. A flexible location problem called the Ordered Median Problem (OMP) is introduced. For all three main subareas of location theory (continuous, network and discrete location) structural properties of the OMP are presented and solution approaches provided. Numerous illustrations and examples help the reader to become familiar with this new location model.
By using OMP classical results of location theory can be reproved in a more general and sometimes even simpler way. Algorithms enable the reader to solve very flexible location models with a single implementation. In addition, the code of some algorithms is available for download.
This title will interest readers wishing to extend their knowledge of equilibrium modeling and analysis and of the foundations of efficient optimization methods adapted for the solution of large-scale models. In addition to its value to researchers, the treatment is suitable for advanced graduate courses in transportation, operations research, and quantitative economics.