Microscopic simulation is critical for evaluating the operation strategies of managed lanes. However, most existing tools are limited in their ability to simulate dynamic tolling strategies of managed lanes, particularly those with multiple segments. Three sets of modeling components are developed in this paper to demonstrate simulation of high-occupancy toll (HOT) lane operations. The first component implements three pricing strategies: responsive pricing; a closed-loop, control-based algorithm; and time-of-day pricing. The second component mimics drivers’ lane choice behaviors in the presence of tolls, and the third represents different toll structures for multisegment HOT lane facilities. An enhanced version of CORSIM, which contains these new modeling components, is validated by simulation experiments involving the 95 Express network in South Florida.
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