Optimal transit fare and service frequency of a nonlinear origin-destination based fare structure
Document Type
Journal Article
Publication Date
2016
Subject Area
policy - fares, operations - frequency, ridership - behaviour, ridership - demand
Keywords
Transit fare structure, MPEC model, Principal–agent game, Nonlinear fare structure, Path-based stochastic transit assignment
Abstract
This paper proposes a new nonlinear distance-based transit fare structure, which is measured by a function of the Euclidean distance between the origin and destination stations, termed as Origin-Destination (OD)-based fare. The novel fare structure encourages passengers to freely choose the most efficient trip plan. An optimization model is formulated based on a three-party game (involving the transport authority, transit company, and passenger) to determine the optimal fare function and frequency. An artificial bee colony algorithm is adopted to solve the model. Finally, a numerical example is provided to verify the proposed method.
Rights
Permission to publish the abstract has been given by Elsevier, copyright remains with them.
Recommended Citation
Huang, D., Liu, Z., Liu, P., & Chen, J. (2016). Optimal transit fare and service frequency of a nonlinear origin-destination based fare structure. Transportation Research Part E: Logistics and Transportation Review, Vol. 96, pp. 1–19.
Comments
Transportation Research Part E Home Page:
http://www.sciencedirect.com/science/journal/13665545