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The Use of Antifragility Heuristics in Transport Planning RICHARD ISTED

Richard Isted Transport modelling

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AITPM 2014 National Conference presentation

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Page 1: Richard Isted   Transport modelling

The Use of Antifragility Heuristics in Transport PlanningRICHARD ISTED

Page 2: Richard Isted   Transport modelling

A Long Term Understanding of Transport

Page 3: Richard Isted   Transport modelling

An Activity based understanding – a “Platonic” approach

Page 4: Richard Isted   Transport modelling

The problem for Transport Models in the Long Term

• People change their behavioural preferences

• Travel modes and other technological features that are currently not available may be in the future

• Travel modes that are currently available may become redundant

• “Black Swan” events defy inductive reasoning in-built in transport models.

Page 5: Richard Isted   Transport modelling

Defining Fragility, Resilience and Antifragility

Page 6: Richard Isted   Transport modelling

Concavity and Convexity in responses

Concavity Convexity

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A simple example - investment in public transport

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A case study – Which corridor to invest in?

y = 29.644x3 - 178661x2 + 4E+08x - 2E+11

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2000 2005 2010 2015

Series1

Poly. (Series1)

y = -229.79x3 + 1E+06x2 - 3E+09x + 2E+12

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2002 2004 2006 2008 2010 2012

Series1

Poly. (Series1)

South East Corridor

North East Corridor

South West Corridor

Page 9: Richard Isted   Transport modelling

How long should one stick with a transport strategy?

Page 10: Richard Isted   Transport modelling

www.jacobs.com | worldwide

The Use of Antifragility Heuristics in Transport Planning

RICHARD ISTED – [email protected]