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- Publisher Website: 10.1016/j.trd.2021.103008
- Scopus: eid_2-s2.0-85113692765
- WOS: WOS:000701879500019
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Article: An economic analysis of integrating bike sharing service with metro systems
Title | An economic analysis of integrating bike sharing service with metro systems |
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Authors | |
Keywords | Bike sharing Metro system Profit maximization Social cost minimization Non-cooperative game |
Issue Date | 2021 |
Publisher | Pergamon. The Journal's web site is located at http://www.elsevier.com/locate/trd |
Citation | Transportation Research Part D: Transport and Environment, 2021, v. 99, p. article no. 103008 How to Cite? |
Abstract | This paper develops an analytical bi-level model to examine the strategic interaction and potential integration between bike sharing operation and metro system operation. In the bi-level problem with a given total travel demand, the lower-level model quantifies users’ equilibrium travel choices and the upper-level model optimizes the operation decisions of the bike sharing operator and metro system operator. We examine different operation regimes, where the bike sharing operator and metro operator may work either independently or jointly. We also conduct numerical analysis in the context of Sydney. The analytical and numerical results show that bike sharing can help reduce total social cost even if the operator maximizes its profit. A more attractive metro service may also help the bike sharing operator to increase its profit. Coordinated operation of bike sharing and metro system can help further reduce total social cost while the bike sharing operator can improve its profit. |
Persistent Identifier | http://hdl.handle.net/10722/302351 |
ISSN | 2023 Impact Factor: 7.3 2023 SCImago Journal Rankings: 2.328 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Zhang, F | - |
dc.contributor.author | Liu, W | - |
dc.date.accessioned | 2021-09-06T03:31:02Z | - |
dc.date.available | 2021-09-06T03:31:02Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | Transportation Research Part D: Transport and Environment, 2021, v. 99, p. article no. 103008 | - |
dc.identifier.issn | 1361-9209 | - |
dc.identifier.uri | http://hdl.handle.net/10722/302351 | - |
dc.description.abstract | This paper develops an analytical bi-level model to examine the strategic interaction and potential integration between bike sharing operation and metro system operation. In the bi-level problem with a given total travel demand, the lower-level model quantifies users’ equilibrium travel choices and the upper-level model optimizes the operation decisions of the bike sharing operator and metro system operator. We examine different operation regimes, where the bike sharing operator and metro operator may work either independently or jointly. We also conduct numerical analysis in the context of Sydney. The analytical and numerical results show that bike sharing can help reduce total social cost even if the operator maximizes its profit. A more attractive metro service may also help the bike sharing operator to increase its profit. Coordinated operation of bike sharing and metro system can help further reduce total social cost while the bike sharing operator can improve its profit. | - |
dc.language | eng | - |
dc.publisher | Pergamon. The Journal's web site is located at http://www.elsevier.com/locate/trd | - |
dc.relation.ispartof | Transportation Research Part D: Transport and Environment | - |
dc.subject | Bike sharing | - |
dc.subject | Metro system | - |
dc.subject | Profit maximization | - |
dc.subject | Social cost minimization | - |
dc.subject | Non-cooperative game | - |
dc.title | An economic analysis of integrating bike sharing service with metro systems | - |
dc.type | Article | - |
dc.identifier.email | Zhang, F: fnzhang@hku.hk | - |
dc.identifier.authority | Zhang, F=rp02657 | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.trd.2021.103008 | - |
dc.identifier.scopus | eid_2-s2.0-85113692765 | - |
dc.identifier.hkuros | 324846 | - |
dc.identifier.volume | 99 | - |
dc.identifier.spage | article no. 103008 | - |
dc.identifier.epage | article no. 103008 | - |
dc.identifier.isi | WOS:000701879500019 | - |
dc.publisher.place | United Kingdom | - |