Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/8723
Title: Optimal fare structure for transit networks with elastic demand
Authors: Lam, WHK 
Zhou, J
Issue Date: 2000
Source: Transportation research record : journal of the Transportation Research Board, 2000, no. 1733, p. 8-14
Abstract: A bilevel model is presented to optimize the fare structure for transit networks with elastic demand under the assumption of fixed transit service frequency. It is known that the transit fare structure has significant effects on passengers' demand and route choice behavior. The transit operator therefore should predict passengers' response to changing fare charges. A bilevel programming method is developed to determine the optimal fare structure for the transit operator while taking passengers' response into account. The upper-level problem seeks to maximize the operator's revenue, whereas the lower-level problem is a stochastic user equilibrium transit assignment model with capacity constraints. A heuristic solution algorithm based on sensitivity analysis is proposed. Finally, a numerical example is given together with some useful discussion.
Publisher: U.S. National Research Council, Transportation Research Board
Journal: Transportation research record : journal of the Transportation Research Board 
ISSN: 0361-1981
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