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Article: Day-to-day modal choice with a Pareto improvement or zero-sum revenue scheme

TitleDay-to-day modal choice with a Pareto improvement or zero-sum revenue scheme
Authors
Issue Date2018
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/trb
Citation
Transportation Research Part B: Methodological, 2018, v. 110, p. 1-25 How to Cite?
AbstractWe investigate the day-to-day modal choice of commuters in a bi-modal transportation system comprising both private transport and public transit. On each day, commuters adjust their modal choice, based on the previous day's perceived travel cost and intraday toll or subsidy of each mode, to minimize their perceived travel cost. Meanwhile, the transportation authority sets the number of bus runs and the tolls or subsidies of two modes on each day, based on the previous day's modal choice of commuters, to simultaneously reduce the daily total actual travel cost of the transportation system and achieve a Pareto improvement or zero-sum revenue target at a stationary state. The evolution process of the modal choice of commuters, associated with the strategy adjustment process of the authority, is formulated as a dynamical system model. We analyze several properties of the dynamical system with respect to its stationary point and evolutionary trajectory. Moreover, we introduce new concepts of Pareto improvement and zero-sum revenue in a day-to-day dynamic setting and propose the two targets’ implementations in either a prior or a posterior form. We show that, although commuters have different perceived travel costs for using the same travel mode, the authority need not know the probability distribution of perceived travel costs of commuters to achieve the Pareto improvement target. Finally, we give a set of numerical examples to show the properties of the model and the implementation of the toll or subsidy schemes.
Persistent Identifierhttp://hdl.handle.net/10722/258559
ISSN
2019 Impact Factor: 4.796
2015 SCImago Journal Rankings: 3.905
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorGuo, R-
dc.contributor.authorSzeto, WY-
dc.date.accessioned2018-08-22T01:40:27Z-
dc.date.available2018-08-22T01:40:27Z-
dc.date.issued2018-
dc.identifier.citationTransportation Research Part B: Methodological, 2018, v. 110, p. 1-25-
dc.identifier.issn0191-2615-
dc.identifier.urihttp://hdl.handle.net/10722/258559-
dc.description.abstractWe investigate the day-to-day modal choice of commuters in a bi-modal transportation system comprising both private transport and public transit. On each day, commuters adjust their modal choice, based on the previous day's perceived travel cost and intraday toll or subsidy of each mode, to minimize their perceived travel cost. Meanwhile, the transportation authority sets the number of bus runs and the tolls or subsidies of two modes on each day, based on the previous day's modal choice of commuters, to simultaneously reduce the daily total actual travel cost of the transportation system and achieve a Pareto improvement or zero-sum revenue target at a stationary state. The evolution process of the modal choice of commuters, associated with the strategy adjustment process of the authority, is formulated as a dynamical system model. We analyze several properties of the dynamical system with respect to its stationary point and evolutionary trajectory. Moreover, we introduce new concepts of Pareto improvement and zero-sum revenue in a day-to-day dynamic setting and propose the two targets’ implementations in either a prior or a posterior form. We show that, although commuters have different perceived travel costs for using the same travel mode, the authority need not know the probability distribution of perceived travel costs of commuters to achieve the Pareto improvement target. Finally, we give a set of numerical examples to show the properties of the model and the implementation of the toll or subsidy schemes.-
dc.languageeng-
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/trb-
dc.relation.ispartofTransportation Research Part B: Methodological-
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.titleDay-to-day modal choice with a Pareto improvement or zero-sum revenue scheme-
dc.typeArticle-
dc.identifier.emailSzeto, WY: ceszeto@hku.hk-
dc.identifier.authoritySzeto, WY=rp01377-
dc.description.naturepostprint-
dc.identifier.doi10.1016/j.trb.2018.01.014-
dc.identifier.hkuros286522-
dc.identifier.volume110-
dc.identifier.spage1-
dc.identifier.epage25-
dc.identifier.isiWOS:000429759900001-
dc.publisher.placeUnited Kingdom-

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