DESIGN AND MANAGEMENT OF FLEXIBLE TRANSPORTATION NETWORKS THROUGH THE USE OF INTELLIGENT TRANSPORTATION SYSTEMS (ITS)

摘要

Designing a flexible system with real options is a method for managing uncertainty. In thisresearch, Intelligent Transportation System (ITS) capabilities were used to create a flexibletransportation system, capable of coping with multiple uncertainties. Specifically, HOT, BRTand TOT managed lanes were examined in a case study centered in Houston, Tx, to determinethe benefits of flexibility these capabilities provide. A qualitative analysis procedure utilizingregional traffic demand modeling and real options analysis was utilized to assess thesebenefits. It was found that ITS managed lanes can be configured in multiple ways to createflexibility in transportation systems, each of which provides value when dealing withuncertainty.