MEASUREMENT ISSUES IN THE TRAVEL COST METHOD: A GEOGRAPHICAL INFORMATION SYSTEMS APPROACH
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TL;DR
This paper presents an application of the TC method conducted using geographical information system (GIS) software that permits superior measurement of both travel time and distance providing a more accurate and realistic basis for valuations.
Abstract
A review of the travel cost (TC) literature shows that the base measurements of travel time and distance underpinning many studies are often obtained via crude simplifications. This paper presents an application of the TC method conducted using geographical information system (GIS) software. This permits superior measurement of both travel time and distance providing a more accurate and realistic basis for valuations.