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Conference Paper: Design of a rail transit line for profit maximization in a linear transportation corridor

TitleDesign of a rail transit line for profit maximization in a linear transportation corridor
Authors
KeywordsPopulation density
Profit maximization
Rail line design
Transit pricing structure
Transportation corridor
Urban form
Issue Date2011
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/wps/find/journaldescription.cws_home/718288/description#description
Citation
The 19th International Symposium on Transportation and Traffic Theory (ISTTT19), Berkeley, CA., 18-20 July 2011. In Procedia: Social and Behavioral Sciences, 2011, v. 17, p. 82-112 How to Cite?
AbstractThis paper addresses the design problem of a rail transit line located in a linear urban transportation corridor. The service variables designed are a combination of rail line length, number and locations of stations, headway and fare. Two profit maximization models, which account for the effects of different transit pricing structures (flat and distance-based fare regimes), are proposed. In the proposed models, the effects of passenger demand elasticity and population density along the urban corridor are explicitly considered. The solution properties of the proposed models are explored and compared analytically, and the indifference condition for the two fare regimes in terms of the operator's net profit is identified. A heuristic solution algorithm to solve the proposed models is presented. Numerical examples are provided to show the effects of the fare regimes, rail capital cost and urban configuration (in terms of urban population distribution and corridor length) on the design of the rail transit line and the profitability of the rail transit operations. © 2011 Published by Elsevier Ltd.
DescriptionThis journal vol. contain Papers selected for the 19th International Symposium on Transportation and Traffic Theory
Persistent Identifierhttp://hdl.handle.net/10722/138013
ISSN
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLi, ZCen_HK
dc.contributor.authorLam, WHKen_HK
dc.contributor.authorWong, SCen_HK
dc.contributor.authorSumalee, Aen_HK
dc.date.accessioned2011-08-26T14:38:25Z-
dc.date.available2011-08-26T14:38:25Z-
dc.date.issued2011en_HK
dc.identifier.citationThe 19th International Symposium on Transportation and Traffic Theory (ISTTT19), Berkeley, CA., 18-20 July 2011. In Procedia: Social and Behavioral Sciences, 2011, v. 17, p. 82-112en_HK
dc.identifier.issn1877-0428en_HK
dc.identifier.urihttp://hdl.handle.net/10722/138013-
dc.descriptionThis journal vol. contain Papers selected for the 19th International Symposium on Transportation and Traffic Theory-
dc.description.abstractThis paper addresses the design problem of a rail transit line located in a linear urban transportation corridor. The service variables designed are a combination of rail line length, number and locations of stations, headway and fare. Two profit maximization models, which account for the effects of different transit pricing structures (flat and distance-based fare regimes), are proposed. In the proposed models, the effects of passenger demand elasticity and population density along the urban corridor are explicitly considered. The solution properties of the proposed models are explored and compared analytically, and the indifference condition for the two fare regimes in terms of the operator's net profit is identified. A heuristic solution algorithm to solve the proposed models is presented. Numerical examples are provided to show the effects of the fare regimes, rail capital cost and urban configuration (in terms of urban population distribution and corridor length) on the design of the rail transit line and the profitability of the rail transit operations. © 2011 Published by Elsevier Ltd.en_HK
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/wps/find/journaldescription.cws_home/718288/description#descriptionen_HK
dc.relation.ispartofProcedia: Social and Behavioral Sciencesen_HK
dc.subjectPopulation densityen_HK
dc.subjectProfit maximizationen_HK
dc.subjectRail line designen_HK
dc.subjectTransit pricing structureen_HK
dc.subjectTransportation corridoren_HK
dc.subjectUrban form-
dc.titleDesign of a rail transit line for profit maximization in a linear transportation corridoren_HK
dc.typeConference_Paperen_HK
dc.identifier.emailLam, WHK: cehklam@polyu.edu.hken_HK
dc.identifier.emailWong, SC: hhecwsc@hkucc.hku.hk-
dc.identifier.emailSumalee, A: ceasumal@polyu.edu.hk-
dc.identifier.authorityWong, SC=rp00191en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.sbspro.2011.04.509en_HK
dc.identifier.scopuseid_2-s2.0-79960103036en_HK
dc.identifier.hkuros190043en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-79960103036&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume17en_HK
dc.identifier.spage82en_HK
dc.identifier.epage112en_HK
dc.identifier.isiWOS:000298391900005-
dc.publisher.placeNetherlandsen_HK
dc.description.otherThe 19th International Symposium on Transportation and Traffic Theory (ISTTT19), Berkeley, CA., 18-20 July 2011. In Procedia: Social and Behavioral Sciences, 2011, v. 17, p. 82-112-
dc.identifier.scopusauthoridSumaleea, A=42562131200en_HK
dc.identifier.scopusauthoridWong, SC=24323361400en_HK
dc.identifier.scopusauthoridLam, WHK=7203022024en_HK
dc.identifier.scopusauthoridLi, ZC=26643300400en_HK

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