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Article: Equilibrium analyses and operational designs of a coupled market with substitutive and complementary ride-sourcing services to public transits

TitleEquilibrium analyses and operational designs of a coupled market with substitutive and complementary ride-sourcing services to public transits
Authors
KeywordsComplementation
Cooperation
On-demand ride-sourcing
Public transits
Substitution
Issue Date2021
Citation
Transportation Research Part E: Logistics and Transportation Review, 2021, v. 148, article no. 102236 How to Cite?
AbstractThe emerging on-demand ride-sourcing programs provided by transportation network companies (TNCs) have been reshaping the transportation industry. Research efforts in this area have covered topics such as supply-demand equilibrium, pricing, matching, dispatching, but have not fully spread to the potential impacts of ride-sourcing on public transit in multi-modal transportation systems. On the one hand, ride-sourcing services act as convenient feeders to solve first-mile/last-mile problems for public transit riders. On the other hand, direct origin-to-destination ride-sourcing services may also absorb passengers from public transit. In this paper, we propose a user equilibrium based mathematical model to analyze complement and substitution of ride-sourcing to public transit. Through both analytical and numerical discussions, we find that the fleet size of ride-sourcing vehicles can critically affect the complementary and substitutive relationship between ride-sourcing and public transit, and ride-sourcing service fares affect the market share between first-mile/last-mile (i.e., from origin to the transportation hub or from the hub to destination) and direct (i.e., from origin to destination) ride-sourcing services. We also examine the optimal strategies to maximize the TNC's profit and/or social welfare and find that the TNC can implement a Pareto-efficient strategy that makes both the two objectives better off.
Persistent Identifierhttp://hdl.handle.net/10722/308841
ISSN
2023 Impact Factor: 8.3
2023 SCImago Journal Rankings: 2.884
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorKe, Jintao-
dc.contributor.authorZhu, Zheng-
dc.contributor.authorYang, Hai-
dc.contributor.authorHe, Qiaochu-
dc.date.accessioned2021-12-08T07:50:14Z-
dc.date.available2021-12-08T07:50:14Z-
dc.date.issued2021-
dc.identifier.citationTransportation Research Part E: Logistics and Transportation Review, 2021, v. 148, article no. 102236-
dc.identifier.issn1366-5545-
dc.identifier.urihttp://hdl.handle.net/10722/308841-
dc.description.abstractThe emerging on-demand ride-sourcing programs provided by transportation network companies (TNCs) have been reshaping the transportation industry. Research efforts in this area have covered topics such as supply-demand equilibrium, pricing, matching, dispatching, but have not fully spread to the potential impacts of ride-sourcing on public transit in multi-modal transportation systems. On the one hand, ride-sourcing services act as convenient feeders to solve first-mile/last-mile problems for public transit riders. On the other hand, direct origin-to-destination ride-sourcing services may also absorb passengers from public transit. In this paper, we propose a user equilibrium based mathematical model to analyze complement and substitution of ride-sourcing to public transit. Through both analytical and numerical discussions, we find that the fleet size of ride-sourcing vehicles can critically affect the complementary and substitutive relationship between ride-sourcing and public transit, and ride-sourcing service fares affect the market share between first-mile/last-mile (i.e., from origin to the transportation hub or from the hub to destination) and direct (i.e., from origin to destination) ride-sourcing services. We also examine the optimal strategies to maximize the TNC's profit and/or social welfare and find that the TNC can implement a Pareto-efficient strategy that makes both the two objectives better off.-
dc.languageeng-
dc.relation.ispartofTransportation Research Part E: Logistics and Transportation Review-
dc.subjectComplementation-
dc.subjectCooperation-
dc.subjectOn-demand ride-sourcing-
dc.subjectPublic transits-
dc.subjectSubstitution-
dc.titleEquilibrium analyses and operational designs of a coupled market with substitutive and complementary ride-sourcing services to public transits-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.tre.2021.102236-
dc.identifier.scopuseid_2-s2.0-85100384159-
dc.identifier.volume148-
dc.identifier.spagearticle no. 102236-
dc.identifier.epagearticle no. 102236-
dc.identifier.isiWOS:000694858700002-

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