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2010•Transport StandardizationRequires access

A Bi-level Programming Model for Ticket Fare Pricing of Rail Transit

DU Yong-liang

Open publisher page 1 citations

Abstract

The pricing of rail transit ticket should not only consider its social benefit,but also consider the benefit of passenger sectors of rail transit.Utilizing a bi-level programming model to get an optimal strategy of rail transit ticket pricing under the competition of various traffic modes can not only guarantee the minimum of generalized travel cost,but also enable the passenger sectors of rail transit to obtain the maximum economic returns in the market competition of public traffic.

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What this paper is about

The pricing of rail transit ticket should not only consider its social benefit,but also consider the benefit of passenger sectors of rail transit.Utilizing a bi-level programming model to get an optimal strategy of rail transit ticket pricing under the competition of various traffic modes can not only guarantee the minimum of generalized travel cost,but also enable the passenger sectors of rail transit to obtain the maximum economic returns in the market competition of public traffic.

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Available abstract

The pricing of rail transit ticket should not only consider its social benefit,but also consider the benefit of passenger sectors of rail transit.Utilizing a bi-level programming model to get an optimal strategy of rail transit ticket pricing under the competition of various traffic modes can not only guarantee the minimum of generalized travel cost,but also enable the passenger sectors of rail transit to obtain the maximum economic returns in the market competition of public traffic.

Key concepts: Ticket, Rail transit, Competition (biology), Transport engineering, Transit (satellite), Business, Public transport, Urban rail transit

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