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Article: Modeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city

TitleModeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city
Authors
KeywordsHousing markets
Integrated rail-property development
Monocentric
Rail transit
Residential locations
Issue Date2012
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/trb
Citation
Transportation Research Part B: Methodological, 2012, v. 46 n. 6, p. 710-728 How to Cite?
AbstractThis paper proposes a new model for investigating the effects of integrated rail and property development on the design of rail line services in a linear monocentric city, in which the property development rights at railway station areas are conferred to a private rail operator. The proposed model allows an explicit consideration of the interaction between two types of agents in the economy: (1) a private rail operator who seeks to optimize rail service variables-rail line length, number and spacing of stations, headway and fare-to maximize its own net profit, which is the sum of revenues from passenger fare-box and property development; and (2) households who choose the residential locations that maximize their own utilities subject to a budget constraint. The solution properties of the proposed model are analyzed, and a heuristic solution algorithm is presented. An illustrative example is used to show the application of the proposed model. The findings show that integrated rail and property development can change a city's land-use pattern and housing market (in terms of housing density, space, and price), and its economic viability is closely related to household income level and residential density of the city. © 2012 .
Persistent Identifierhttp://hdl.handle.net/10722/149075
ISSN
2015 Impact Factor: 3.769
2015 SCImago Journal Rankings: 3.905
ISI Accession Number ID
Funding AgencyGrant Number
Faculty of Construction and Environment of the Hong Kong Polytechnic University1-ZV4T
Research Committee of the Hong Kong Polytechnic UniversityG-YX1V
National Natural Science Foundation of China71171013
70971045
Research Foundation for the Author of National Excellent Doctoral Dissertation (China)200963
Research Grants Council of the Hong Kong Special Administrative Region, ChinaHKU7183/08E
Center for Modern Information Management Research at the Huazhong University of Science and Technology
National Research Foundation of Korea (NRF)
Korea government (MEST)NRF-2011-0000859
Funding Information:

The authors would like to thank two anonymous referees for their helpful comments and constructive suggestions on an earlier draft of the paper. The work described in this paper was jointly supported by grants from the Faculty of Construction and Environment of the Hong Kong Polytechnic University (1-ZV4T), the Research Committee of the Hong Kong Polytechnic University (G-YX1V), the National Natural Science Foundation of China (71171013,70971045), the Research Foundation for the Author of National Excellent Doctoral Dissertation (China) (200963), the Research Grants Council of the Hong Kong Special Administrative Region, China (HKU7183/08E), the Center for Modern Information Management Research at the Huazhong University of Science and Technology, and the National Research Foundation of Korea (NRF) Grant funded by the Korea government (MEST) (NRF-2011-0000859).

 

DC FieldValueLanguage
dc.contributor.authorLi, ZCen_US
dc.contributor.authorLi, ZCen_US
dc.contributor.authorLam, WHKen_US
dc.contributor.authorWong, SCen_US
dc.contributor.authorChoi, K-
dc.date.accessioned2012-06-22T06:20:07Z-
dc.date.available2012-06-22T06:20:07Z-
dc.date.issued2012en_US
dc.identifier.citationTransportation Research Part B: Methodological, 2012, v. 46 n. 6, p. 710-728en_US
dc.identifier.issn0191-2615-
dc.identifier.urihttp://hdl.handle.net/10722/149075-
dc.description.abstractThis paper proposes a new model for investigating the effects of integrated rail and property development on the design of rail line services in a linear monocentric city, in which the property development rights at railway station areas are conferred to a private rail operator. The proposed model allows an explicit consideration of the interaction between two types of agents in the economy: (1) a private rail operator who seeks to optimize rail service variables-rail line length, number and spacing of stations, headway and fare-to maximize its own net profit, which is the sum of revenues from passenger fare-box and property development; and (2) households who choose the residential locations that maximize their own utilities subject to a budget constraint. The solution properties of the proposed model are analyzed, and a heuristic solution algorithm is presented. An illustrative example is used to show the application of the proposed model. The findings show that integrated rail and property development can change a city's land-use pattern and housing market (in terms of housing density, space, and price), and its economic viability is closely related to household income level and residential density of the city. © 2012 .-
dc.languageengen_US
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/trb-
dc.relation.ispartofTransportation Research Part B: Methodologicalen_US
dc.subjectHousing markets-
dc.subjectIntegrated rail-property development-
dc.subjectMonocentric-
dc.subjectRail transit-
dc.subjectResidential locations-
dc.titleModeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric cityen_US
dc.typeArticleen_US
dc.identifier.emailLi, ZC: smzcli@hust.edu.cnen_US
dc.identifier.emailLam, WHK: cehklam@polyu.edu.hk-
dc.identifier.emailWong, SC: hhecwsc@hku.hk-
dc.identifier.emailChoi, K: keechoo@ajou.ac.kr-
dc.identifier.authorityWong, SC=rp00191en_US
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.trb.2012.01.004-
dc.identifier.scopuseid_2-s2.0-84860882447-
dc.identifier.hkuros200328en_US
dc.identifier.volume46en_US
dc.identifier.issue6-
dc.identifier.spage710en_US
dc.identifier.epage728en_US
dc.identifier.eissn1879-2367-
dc.identifier.isiWOS:000304892400003-
dc.publisher.placeUnited Kingdom-
dc.identifier.citeulike10547838-

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