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A Dynamic Feedback-Control Toll Pricing Methodology : A Case Study On Interstate 95 Manged Lanes, Danhong Cheng
A Dynamic Feedback-Control Toll Pricing Methodology : A Case Study On Interstate 95 Manged Lanes, Danhong Cheng
LSU Master's Theses
Recently, congestion pricing emerged as a cost-effective and efficient strategy to mitigate the congestion problem on freeways. This study develops a feedback-control based dynamic toll approach to formulate and solve for optimal tolls. The study compares the performance of the proposed methodology to that of the current strategy deployed on Interstate 95 express lanes. Two objectives are studied: one is to maximize the toll revenue while maintaining a minimum level of service on the managed lanes and the other is to maximize both revenue and throughput on the managed lanes while keeping a minimum level of service. The impact of …