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Article: 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 Date2012
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/tre
Citation
Transportation Research Part E: Logistics And Transportation Review, 2012, v. 48 n. 1, p. 50-70 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 Elsevier Ltd.
Persistent Identifierhttp://hdl.handle.net/10722/150610
ISSN
2015 Impact Factor: 2.279
2015 SCImago Journal Rankings: 2.095
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLi, ZCen_US
dc.contributor.authorLam, WHKen_US
dc.contributor.authorWong, SCen_US
dc.contributor.authorSumalee, Aen_US
dc.date.accessioned2012-06-26T06:06:08Z-
dc.date.available2012-06-26T06:06:08Z-
dc.date.issued2012en_US
dc.identifier.citationTransportation Research Part E: Logistics And Transportation Review, 2012, v. 48 n. 1, p. 50-70en_US
dc.identifier.issn1366-5545en_US
dc.identifier.urihttp://hdl.handle.net/10722/150610-
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 Elsevier Ltd.en_US
dc.languageengen_US
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/treen_US
dc.relation.ispartofTransportation Research Part E: Logistics and Transportation Reviewen_US
dc.subjectPopulation Densityen_US
dc.subjectProfit Maximizationen_US
dc.subjectRail Line Designen_US
dc.subjectTransit Pricing Structureen_US
dc.subjectTransportation Corridoren_US
dc.subjectUrban Formen_US
dc.titleDesign of a rail transit line for profit maximization in a linear transportation corridoren_US
dc.typeArticleen_US
dc.identifier.emailWong, SC:hhecwsc@hku.hken_US
dc.identifier.authorityWong, SC=rp00191en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/j.tre.2011.05.003en_US
dc.identifier.scopuseid_2-s2.0-80054117315en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-80054117315&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume48en_US
dc.identifier.issue1en_US
dc.identifier.spage50en_US
dc.identifier.epage70en_US
dc.identifier.isiWOS:000296994000005-
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridLi, ZC=49663424900en_US
dc.identifier.scopusauthoridLam, WHK=7203022024en_US
dc.identifier.scopusauthoridWong, SC=24323361400en_US
dc.identifier.scopusauthoridSumalee, A=14326110000en_US
dc.identifier.citeulike9435547-

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