New Findings Reported from School of Traffic and Transportation Engineering Describe Advances in Risk Management (Safety Improvements By Intelligent Connected Vehicle Technologies: a Meta-analysis Considering Market Penetration Rates): Risk Management

2021 SEP 28 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on Risk Management is the subject of a report. According to news originating from Changsha, People’s Republic of China, by NewsRx correspondents, research stated, “As the era of intelligent connected vehicles (ICVs) is approaching, a number of studies have investigated the potential benefits of ICVs, including the safety effects. Although previous studies agree that ICVs would significantly improve traffic safety, its quantified safety effects at different stages are still being debated.”

Financial supporters for this research include National Key R&D Program of China, Innovation-Driven Project of Central South University.

Our news journalists obtained a quote from the research from the School of Traffic and Transportation Engineering, “This study aims to estimate the ICVs’ safety effects by market penetration rate (MPR) adopting a meta-analysis approach. The results from the meta-analysis indicate that the number of conflicts is exponentially reduced as the MPR goes up. For example, compared to the environment without ICVs, 4.2% and 17.4% of conflicts would decrease at the MPR of 10% and 50%, respectively. The effects are more obvious at higher MPR-43.4% of conflicts are expected to decrease at the MPR of 90%. From the case study in the United States based on the meta-analysis, it is expected that the MPR would reach 17-20% in the near future (2025) and 40-48% in 2035. The anticipated reduction in the number of fatal crashes would be 5% and 13%, in 2025 and 2035, respectively.”

According to the news editors, the research concluded: “The findings from this study will be useful for both public and private sectors to establish strategic plans to promote ICVs and identify their benefits at different MPRs.”

This research has been peer-reviewed.

For more information on this research see: Safety Improvements By Intelligent Connected Vehicle Technologies: a Meta-analysis Considering Market Penetration Rates. Accident Analysis & Prevention, 2021;159. Accident Analysis & Prevention can be contacted at: Pergamon-elsevier Science Ltd, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, England. (Elsevier - www.elsevier.com; Accident Analysis & Prevention - http://www.journals.elsevier.com/accident-analysis-and-prevention/)

The news correspondents report that additional information may be obtained from Jaeyoung Lee, Cent South Univ, School of Traffic and Transportation Engineering, Changsha, People’s Republic of China. Additional authors for this research include Guiming Xiao, Qianshan Jiang, Helai Huang, Mohamed Abdel-Aty and Ling Wang.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.aap.2021.106234. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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