TransPosition engaged to assist in QML Bid

In late December 2013, TransPosition was engaged by a potential bidder for Queensland Motorways Ltd (QML) to provide scenario analysis of demand on QML roads using TransPosition’s 4S model of South East Queensland. See the link below for a short article on initial bidders for QML.

• QML buy-side mandates hard to come by as QIC decides

In the past few years, the modelling of toll roads in Australia has been relatively poor with reality being far from predictions. In the paper below, Peter Davidson describes where we have possibly gone wrong with modelling toll roads and also explains why the 4S model could be an enticing option for the future modelling of toll roads.

• Modelling toll roads - where have we gone wrong?

Davidson explains that the 4S model (Segmented Stochastic Slice Simulation) has all aspects of choice integrated which allows destination and mode choices to be influenced by value of time and road tolls. Another advantage of the 4S model for the modelling of toll roads is that it deals with time explicity and allows for time-varying demands. Therefore, tolls that vary throughout the day can also be considered. These aspects of the model only name a few of the many advantages that the 4S model has over traditional models when modelling toll roads and is the main reason that TransPosition has been engaged by one of the consortia to assist in the QML bid. See the paper below for further explanation of TransPosition's 4S model.

• A new approach to transport modelling - the Stochastic Segmented Slice Simulation (4S) model and its recent applications