Room 206, IDEC, Hiroshima University

The Value of slow travel by Prof. Stephen Greaves

Date & Time: May 10, 14:30-15:30

Place: Room 206, IDEC, Hiroshima University

Name: Stephen Greaves

Affiliation: The University of Sydney

Bio: Stephen Greaves is a Professor in Transport Management in the Institute of Transport & Logistics Studies (ITLS) at the University of Sydney. He has previously Director of the Business School Doctoral studies program (2014-2017).  Stephen’s research interests are focused around the health/environmental/safety impacts of transport, new vehicle technologies including electric vehicles and autonomous vehicles, and innovative travel data collection methods using the latest technologies. He has 125 refereed publications, including 43 in international journals, and has held three major ARC grants. He also provides expert advice and media commentary on a range of transport-related issues and was co-chair of a major international coference on survey methods held in Australia in 2014.

Presentation title: The value of slow travel: Economic appraisal of cycling projects using the logsum measure of consumer surplus

Abstract: Walking and cycling have clear benefts for users, even though they may be slower than other transport modes. However, these user benefits could be undervelued using traditional economic appraisal, in which speed increases or travel time savings are highly valued. This paper explores the use of the logsum measure of consumer surplus for valuing the user benefits of new active transport infrastructure, using new separated cycleways in Sydney (Australia) as a case study. The results suggest the value of user benefits can be significant – of a similar order of magnitude to the estimated value of the public health benefits – and it becames more pronounced as cycleways are intergrated into a connected network. The method could be used to inform transportation investment policy decisions in other jurisdictions, where suitable travel survey data are available.