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What is Value of Time

Chapter 37
Encyclopedia of E-Commerce Development, Implementation, and Management
Value of time is the monetary valuation of time resource. In empirical studies, it refers to the tradeoff between time and monetary attributes. In the field of transport demand, the value of time saved is the most important source of benefits for transport investment.
Published in Chapter:
Tradeoffs between Time and Monetary Attributes for Consumers' Shopping Channel Choices
Ming-Hsiung Hsiao (Shu-Te University, Taiwan)
Copyright: © 2016 |Pages: 11
DOI: 10.4018/978-1-4666-9787-4.ch037
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