Study of Determining the Optimal Road Toll-ratio for Toll-highways
Hu Ji
Abstract
Hu Ji
Abstract
There is a dynamic relationship between the revenue and the toll-ratio in toll highways. Based on the utility maximization principle, this paper establishes a relation model that describes the relationship between the revenue and the toll-ratio. The optimal toll-ratio may be found by using this model. Finally, a calculating example is presented through practical data.
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There is a dynamic relationship between the revenue and the toll-ratio in toll highways. Based on the utility maximization principle, this paper establishes a relation model that describes the relationship between the revenue and the toll-ratio. The optimal toll-ratio may be found by using this model. Finally, a calculating example is presented through practical data.
Key concepts: Toll, Revenue, Maximization, Toll road, Transport engineering, Operations research, Business, Economics