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Evaluating Alternative Operations Strategies to Improve Travel Time ...

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SHRP 2 L11: Final Appendices<br />

Figure B.3 - Illustrative Option Values (in MPH) vs. Average Speed<br />

Figure B.4 - Illustrative Option Values (in Minutes) vs. Average Speed<br />

Using the option values shown in Table B.2, the option values (in mph or minutes) can be plotted<br />

against the average annual speed for each 5-minute period. From Figures B.3 and B.4, we can<br />

conclude that the value of unreliability at an average speed of 20 miles per hour is approximately<br />

0.8 minutes per mile, whereas the value of unreliability at a speed of 60 miles per hour is only<br />

about 0.1 minutes per mile. These measures may be idiosyncratic <strong>to</strong> the facility studied. However,<br />

DETERMINING THE ECONOMIC BENEFITS OF IMPROVING TRAVEL-TIME RELIABILITY Page B-14

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