BRTCoE Director will participate in Roundtable on Quantifying the Socio-Economic Benefits of Transport: Travel Time Variability and Wider Economic Benefits

This roundtable will be held during November 9th and 10th, at the Organization for Economic Co-operation and Development (OECD) in Paris. This event is organized by the International Transport Forum (ITF) of OECD.


The Roundtable will focus on four subtopics: Valuation of travel time variability; Monitoring of travel times; Models and Handling travel time variability; and Policy measures that address travel time variability and their impacts.

The Roundtable will be chaired by Jonas Eliasson, Director of the Centre for Transport Studies at the Royal Institute of Technology (KTH), Sweden. The discussion will be motivated by papers from:

  1. The Valuation of Travel Time Variability, by Mogens Fosgerau, Danish Technical University;
  2. Forecasting reliability for road and public transport projects, KiM Netherlands Institute for Transport Policy Analysis (TBC);
  3. A Framework for Incorporating Wider Economic Impacts with Cost-Benefit Assessment, Anthony Venables, University of Oxford;
  4. The spatial, temporal and distributional contexts and impacts of projects in appraisal and prioritization (TBC), Glen Weisbrod, Economic Development Research Group.

Our BRTCoE Director, Juan Carlos Muñoz will be a part of the debate in this roundtable. In addition, other key participants include:

  • Dan Graham, Imperial College (techniques for identifying how wider benefits arise)
  • Moshe Ben-Akiva, MIT
  • Henry Overmans, London School of Economics (framework for assessing wider benefits)
  • Hani Mahmassani (modeling highway reliability)
  • Pravin Varaiya (traffic control policy measures)
  • Emile Quinet (integration of wider economic effects)
  • Mark Wardman, ITS Leeds (valuation of reliability)
  • Tom Worsley, ITS Leeds (framework for valuation)

After the meetings, a summary of the debate will be published in the Roundtable Series of the Joint Transport Research Centre.