The Value of Travel-Time: Estimates of the Hourly Value of Time for Vehicles in Oregon 2003
Changes to the transportation system or transportation polices have the potential to affect travel-time and related costs. The purpose of this paper is to provide estimated values of travel-time for vehicles driving on Oregon roads.
The value of one hour of vehicle travel-time is estimated for three vehicle categories using Oregon wage data. The estimates are presented in Table 1. When using these estimates to make regulatory or investment decisions, a range of estimates of the value of travel-time should be used for sensitivity analyses. USDOT guidelines for plausible ranges are presented at the end of this paper.
Estimated Value of One Hour of Travel-Time by Vehicle Class, Oregon 2003
Vehicle Class Average Value
Automobiles $15.31
Light Trucks $19.53
Heavy Trucks $30.43
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