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Valuation of Time Savings of Shopping Trips-A Comparison of E-Shopping & Conventional Shopping

Authors: Shahna N; Madhu, Kavitha;

Valuation of Time Savings of Shopping Trips-A Comparison of E-Shopping & Conventional Shopping

Abstract

{"references": ["Joewono B T, Rizki M, Belgiawan F P.(2020). Why do shoppers keep making online shopping trips? Learning from evidence in Bandung, Indonesia, Elsevier, 2185-5560.", "Shao Q C, Liu Y, Liu X., (2014). Valuation of Travel Time Savings in view point of WTA, Key Lab of Transportation Engineering, Beijing University of Technology, Beijing 100124, China.", "Kedia A , Kusumastuti D, Nicholson A.(2019) Effect of online shopping on consumers' shopping travel and goods' last-mile travel: A case study in Christchurch, Australasian Transport Research Forum 2019 Proceedings.", "Pettersson F, Hiselius W L, Koglin T., (2018). E-commerce and urban planning \u2013 comparing knowledge claims in research and planning practice, Journal of Urban, Planning and Transport Research, 6(1), 1\u201321.", "Shao J, Yang H , Xing X, Yang L. (2016). E-commerce and traffic congestion: An economic and policy analysis, Elsevier, 91-103.", "Suel E and Polak W.J., (2017). Incorporating online shopping into travel demand modeling: challenges, progress, and opportunities, Journal of Transport reviews, 38(5), 576-601.", "Visser J and Jan F. (2015).Internet shopping and its impacts on mobility, Ministry of Infrastructure and the environment.", "Comi A and Nuzzolo A. (2015). Exploring the relationships between eshopping attitudes and urban freight transport, Elsevier, 12, 399 \u2013 412.", "Transportation Cost and Benefit Analysis II \u2013 Travel Time Costs Victoria Transport Policy Institute.", "What is the value of saving travel time? | summary and conclusions | ITF roundtable 176."]}

Online buying (e-commerce) has significant ramifications for consumer behaviour as a result of the remarkable development of ICT (Internet Communication and Technology). Eshopping has grown in popularity in recent decades due to its benefits and attractions. Because of its capacity to redirect customers from physical stores to online stores, ecommerce has the potential to reduce traffic congestion. This study analysed the influence of personal characteristics, socio-economic characteristics, product characteristics and travel characteristics on the utility of shopping trips. It interprets that trip length, trip cost, cost savings, time savings, income, type of product purchased and kind of shopper have significant effects on the utility for shopping. The main contribution of this paper is to extend the analysis of VTTS for those who purchased products through two methods of shopping (conventional method of shopping and e-shopping). Both time and cost savings are major influence variables that are rarely taken into account while evaluating VTTS.

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Keywords

Valuation of Travel Time Savings (VTTS), Willingness-To-Accept (WTA), eshopping (electronic shopping), Value Of travel Time (VOT)

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This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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