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Article: A macroscopic taxi model for passenger demand, taxi utilization and level of services

TitleA macroscopic taxi model for passenger demand, taxi utilization and level of services
Authors
KeywordsDemand
Level of service
Model calibration
Simultaneous equation system
Supply
Taxi regulation
Taxi traffic
Taxi utilization
Issue Date2000
PublisherSpringer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=0049-4488
Citation
Transportation, 2000, v. 27 n. 3, p. 317-340 How to Cite?
AbstractIn most urban areas taxi services are subject to various types of regulation such as entry restriction and price control. However, effective intervention depends on generating and using suitable information on the demand-supply equilibrium of the taxi market. This paper develops a simultaneous equation system of passenger demand, taxi utilization and level of services based on a taxi service situation found in the urban area of Hong Kong over the last ten years. A set of variables is introduced including number of licensed taxis, taxi fare, disposable income, occupied taxi journey time as exogenous variables and daily taxi passenger demand, passenger waiting time, taxi availability, taxi utilization and average taxi waiting time as endogenous variables. These variables are coupled together through a system of nonlinear simultaneous equations whose parameters are estimated from survey data. The simultaneous equation system can be used to obtain useful regulatory information to assist with the decisions concerning the restriction over the number of taxi licenses and the fixing of the taxi fare structure as well as a range of service quality control. | In most urban areas taxi services are subject to various types of regulation such as entry restriction and price control. However, effective intervention depends on generating and using suitable information on the demand-supply equilibrium of the taxi market. This paper develops a simultaneous equation system of passenger demand, taxi utilization and level of services based on a taxi service situation found in the urban area of Hong Kong over the last ten years. A set of variables is introduced including number of licensed taxis, taxi fare, disposable income, occupied taxi journey time as exogenous variables and daily taxi passenger demand, passenger waiting time, taxi availability, taxi utilization and average taxi waiting time as endogenous variables. These variables are coupled together through a system of nonlinear simultaneous equations whose parameters are estimated from survey data. The simultaneous equation system can be used to obtain useful regulatory information to assist with the decisions concerning the restriction over the number of taxi licenses and the fixing of the taxi fare structure as well as a range of service quality control.
Persistent Identifierhttp://hdl.handle.net/10722/71599
ISSN
2015 Impact Factor: 1.545
2015 SCImago Journal Rankings: 1.155
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorYang, Hen_HK
dc.contributor.authorLau, YWen_HK
dc.contributor.authorWong, SCen_HK
dc.contributor.authorLo, HKen_HK
dc.date.accessioned2010-09-06T06:33:27Z-
dc.date.available2010-09-06T06:33:27Z-
dc.date.issued2000en_HK
dc.identifier.citationTransportation, 2000, v. 27 n. 3, p. 317-340en_HK
dc.identifier.issn0049-4488en_HK
dc.identifier.urihttp://hdl.handle.net/10722/71599-
dc.description.abstractIn most urban areas taxi services are subject to various types of regulation such as entry restriction and price control. However, effective intervention depends on generating and using suitable information on the demand-supply equilibrium of the taxi market. This paper develops a simultaneous equation system of passenger demand, taxi utilization and level of services based on a taxi service situation found in the urban area of Hong Kong over the last ten years. A set of variables is introduced including number of licensed taxis, taxi fare, disposable income, occupied taxi journey time as exogenous variables and daily taxi passenger demand, passenger waiting time, taxi availability, taxi utilization and average taxi waiting time as endogenous variables. These variables are coupled together through a system of nonlinear simultaneous equations whose parameters are estimated from survey data. The simultaneous equation system can be used to obtain useful regulatory information to assist with the decisions concerning the restriction over the number of taxi licenses and the fixing of the taxi fare structure as well as a range of service quality control. | In most urban areas taxi services are subject to various types of regulation such as entry restriction and price control. However, effective intervention depends on generating and using suitable information on the demand-supply equilibrium of the taxi market. This paper develops a simultaneous equation system of passenger demand, taxi utilization and level of services based on a taxi service situation found in the urban area of Hong Kong over the last ten years. A set of variables is introduced including number of licensed taxis, taxi fare, disposable income, occupied taxi journey time as exogenous variables and daily taxi passenger demand, passenger waiting time, taxi availability, taxi utilization and average taxi waiting time as endogenous variables. These variables are coupled together through a system of nonlinear simultaneous equations whose parameters are estimated from survey data. The simultaneous equation system can be used to obtain useful regulatory information to assist with the decisions concerning the restriction over the number of taxi licenses and the fixing of the taxi fare structure as well as a range of service quality control.en_HK
dc.languageengen_HK
dc.publisherSpringer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=0049-4488en_HK
dc.relation.ispartofTransportationen_HK
dc.subjectDemanden_HK
dc.subjectLevel of serviceen_HK
dc.subjectModel calibrationen_HK
dc.subjectSimultaneous equation systemen_HK
dc.subjectSupplyen_HK
dc.subjectTaxi regulationen_HK
dc.subjectTaxi trafficen_HK
dc.subjectTaxi utilizationen_HK
dc.titleA macroscopic taxi model for passenger demand, taxi utilization and level of servicesen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0049-4488&volume=27&spage=317 &epage= 340&date=2000&atitle=A+macroscopic+taxi+model+for+passenger+demand,+taxi+utilization+and+level+of+servicesen_HK
dc.identifier.emailWong, SC:hhecwsc@hku.hken_HK
dc.identifier.authorityWong, SC=rp00191en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1023/A:1005289504549en_HK
dc.identifier.scopuseid_2-s2.0-0034209560en_HK
dc.identifier.hkuros56384en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0034209560&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume27en_HK
dc.identifier.issue3en_HK
dc.identifier.spage317en_HK
dc.identifier.epage340en_HK
dc.identifier.isiWOS:000088049800004-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridYang, H=7406556890en_HK
dc.identifier.scopusauthoridLau, YW=23009573400en_HK
dc.identifier.scopusauthoridWong, SC=24323361400en_HK
dc.identifier.scopusauthoridLo, HK=36786895900en_HK

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