Transit technology investment and selection under urban population volatility: A real option perspective

This paper addresses transit technology investment issues under urban population volatility using a real option approach. Two important problems are investigated: which transit technology should be selected and when should it be introduced. A real option model is proposed to incorporate explicitly the effects of transit technology investment on urban spatial structure in terms of households’ residential location choices and housing market. The trigger population thresholds for investing in a transit technology project and for shifting from a transit technology to another are explored analytically. Comparative static analyses of the urban system and transit technology investment are also carried out. It was found that (i) transit technology investment can induce urban sprawl; (ii) ignoring the effects of transit technology investment on urban spatial equilibrium can lead to a late investment; and (iii) there is a significant difference in the trigger population thresholds for transit technology shift estimated by the net present value approach and the real option approach.     

Preferences for travel time under risk and ambiguity: Implications in path selection and network equilibrium

In this paper, we study the preferences for uncertain travel times in which probability distributions may not be fully characterized. In evaluating an uncertain travel time, we explicitly distinguish between risk, where the probability distribution is precisely known, and ambiguity, where it is not. In particular, we propose a new criterion called ambiguity-aware CARA travel time (ACT) for evaluating uncertain travel times under various attitudes of risk and ambiguity, which is a preference based on blending the Hurwicz criterion and Constant Absolute Risk Aversion (CARA). More importantly, we show that when the uncertain link travel times are independently distributed, finding the path that minimizes travel time under the ACT criterion is essentially a shortest path problem. We also study the implications on Network Equilibrium (NE) model where travelers on the traffic network are characterized by their knowledge of the network uncertainty as well as their risk and ambiguity attitudes under the ACT. We derive and analyze the existence and uniqueness of solutions under NE. Finally, we obtain the Price of Anarchy that characterizes the inefficiency of this new equilibrium. The computational study suggests that as uncertainty increases, the influence of selfishness on inefficiency diminishes.     

Guidance for transport planning and policymaking in the face of an uncertain future

Uncertainty of outcome is widely recognised as a concern facing decision-makers and their advisors. In a number of spheres of policy, it appears uncertainty has intensified in the face of globalisation, economic instability, climate change, technological innovation and changing consumer preferences. How can planners and policymakers plan for an uncertain future? There is growing interest in, and use of, techniques that can help decision-making processes where deep uncertainty is involved. This paper is based upon one of the most recent international examples of a foresight exercise employed to examine uncertainty – specifically that which concerns uncertainty over the nature and extent of future demand for car travel. The principal focus of the paper is on the insights and guidance this examination of uncertainty brings forth for transport planning and policymaking. To accommodate deep uncertainty requires a flexible and open approach in terms of how policy and investment possibilities are formulated and judged. The paper argues for a focus upon the Triple Access System of spatial proximity, physical mobility and digital connectivity as a framework for policy and investment decisions that can harness flexibility and resilience. Uncertainty becomes an opportunity for decision-makers with the realisation that they are shaping the future rather than (only) responding to a predicted future. The paper outlines two forms of policymaking pathway: regime-compliant (in which adherence to trends and the nature of the world we have known pushes policy) and regime-testing (in which the nature of the world as we have known it is brought into question and vision pulls policy decisions). Stronger orientation towards regime-testing to assist in managing an uncertain future is advocated.     

新形势下城市轨道交通项目设计咨询服务的内容与发展方向初探

目前,城市轨道交通工程项目设计咨询在实现科学决策、优化设计方案、完善建设条件以及节省建设投资等方面发挥了越来越重要的作用。本文结合新形势下对城市轨道交通项目设计咨询的要求,对其服务的内容进行初步的介绍,并对以全过程服务为发展方向的设计咨询服务特点进行了探讨。     

Modeling transit technology selection in a linear transportation corridor

This paper proposes an analytical model for investigating transit technology selection problem from a perspective of transit authority. Given a transit technology alternative (e.g., metro, light rail transit, or bus rapid transit), the proposed model aims to maximize the social welfare of the transit system by determining the optimal combination of transit line length, number of stations, station location (or spacing), headway, and fare. In the proposed model, the effects of passenger demand elasticity and capacity constraint are explicitly considered. The properties of the model are examined analytically, and a heuristic solution procedure for determining the model solution is presented. By comparing the optimized social welfare for different transit technology alternatives, the optimal transit technology solution can be obtained together with critical population density. On the basis of a simple population growth rate formula, optimal investment timing of a new transit technology can be estimated. The proposed methodology is illustrated in several Chinese cities. Insightful findings are reported on the interrelation among transit technology selection, population density, transit investment cost, and transit line parameter design as well as the comparison between social welfare maximization and profit maximization regimes. Copyright © 2014 John Wiley & Sons, Ltd.     

A test of inter-modal performance measures for transit investment decisions

Choices among alternative transit capital investments are often complex and politically controversial. There is renewed interest in the use of performance indicators to assist in making rational and defensible choices for the investment of public funds. To improve the evaluation of rail and bus performance and provide more useful information for transit investment decision-makers, it is important to use performance indicators that fairly and efficiently compare different transit modes. This paper proposes a set of inter-modal performance indicators in which service input, service output, and service consumption are measured by total cost, revenue capacity miles/hours, and unlinked passenger trips/miles respectively based on economic principles and evaluation objectives. The proposed improvements involve the inclusion of capital as well as operating costs in such comparisons, and the recognition of the widely varying capacities of transit vehicles for seated and standing passengers. Two California cases, the Los Angeles – Long Beach Corridor and the Market/Judah Corridor in San Francisco, are used for testing their usefulness in the evaluation of the efficiency and effectiveness of rail and bus services. The results show substantial differences between performance indicators in current use and those proposed in this study. The enhanced inter-modal performance indicators are more appropriate for comparing the efficiency and effectiveness of different modes or a combination of transit modes at the corridor and system levels where most major investment decisions are made. This revised version was published online in June 2006 with corrections to the Cover Date.     

A whole-system approach to evaluating urban transit investments

New transit capital expenditures are typically evaluated in isolation from the transit/transport systems to which they belong. Problems with reporting performance elements such as ridership and costs are discussed. A focus on evaluating the total transport systems impact of new transit project implementation is called for. On this basis, new US rail transit systems have generally performed poorly. Total transit ridership has generally shown only minimal improvements and, at times, has declined. Financial performance has been disappointing in most cases, particularly when understood in the context of the additional system costs imposed through the reconfiguration of bus networks to serve the new rail systems. Low-cost approaches to improving basic transit services can often be more effective than either rail or bus capital-based projects. An obsession with technology leads to the wrong questions being asked. We should instead start inquiry with the study of needs.     

Impacts of rail transit access on land and housing values in China: a quantitative synthesis

ABSTRACT

Rail transit investment has been viewed as a prominent policy instrument for local and regional development. However, little is known about to what extent the theorised changes in land and housing values arising from rail transit access can be substantiated by evidence in a large developing country context. This paper presents a quantitative review of empirical studies that analysed the impacts of rail transit access on land and housing values in China. We review empirical analyses in 67 studies from 1997 to 2018 for which we encode quantitative results along with a range of theoretically combinations of spatially contextual characteristics, data and methodological-design characteristics. The results show that there are significant variations in the size estimates of effects of rail transit access across studies. Such variations are associated with rail project types, data and methodological designs. Our study provides the insights on what has already been known and what needs to be known on evaluating real estate consequences of rail transit improvements in developing countries.     

上海轨道交通5号线车站建筑设计特色

针对上海轨道交通5号线沿线环境以及轻轨车站的特点,介绍了该工程车站建筑的设计特色,并对设计布置做了多方面的探讨,包括车站功能完善、规模控制、设计方法、建筑造型、结合环境以及投资控制等。     

Evaluation of transit proximity effects on residential land prices: an empirical study in Austin,Texas

The Austin MetroRail line in Texas, U.S.A. began operations in 2010 and since then transit-oriented development projects have been fuelled around train stations. Traditional location theory holds that proximity to a transit station should be capitalized into land prices, and numerous empirical studies have demonstrated the effects with mixed results. However, to date no empirical study has investigated this relationship between the newly built rail line and land prices in Austin. This study fills the research gap and suggests a positive effect associated with transit proximity by employing spatial hedonic models. This study also contributes to the existing literature especially in the context of Texas cities where there is a lack of relevant research on transit-capitalization-related topics, and provides insights for decision-makers with different perspectives regarding further rail investment or transportation financing strategies such as value capture programs.     

Prospect Theory for joint time and money consequences in risk and ambiguity

Transport users face complex decisions. Not only are the consequences of their choices uncertain, but they generally involve several attributes, such as time and money. Time-money tradeoffs have been studied in depth in transport economics, and research is now paying increasing attention to the role of uncertainty and information in transport decisions. This paper aims to measure the impact of uncertainty and information on multi-attribute decisions using Prospect Theory. In doing so, the study makes two contributions to transportation literature: one methodological and the other empirical. First, we propose a fast and tractable method for measuring Prospect Theory parameters that capture attitudes towards probabilities (probability weighting function) and attitudes towards losses (loss aversion). The elicitation method does not require the elicitation of the utility function. This makes it particularly suitable in complex multi-attribute decisions where the shape of the utility function is unknown. Second, we present the results of an experiment that uses the proposed method to measure, at the individual level, probability weighting in decisions involving joint time and money consequences in two decision contexts: risk (where probabilities are given) and ambiguity (where the probability distribution is unknown). An experimental setup that exposes subjects to real gains and losses for money and time has been built for this purpose. We observe inverse S-shaped probability weighting and loss aversion for risk. Probability weighting is even more pronounced in ambiguity, where subjects do not have precise information about the probability distribution. We explain how these results and the analysis of ambiguity attitudes in general can offer a better understanding of travelers’ route or transport mode choices.     

Carbon emission from urban passenger transportation in Beijing

Urban passenger transport significantly contributes to global greenhouse gas emissions, especially in developing countries owing to the rapid motorization, thus making it an important target for carbon reduction. This article established a method to estimate and analyze carbon emission from urban passenger transport including cars, rail transit, taxis and buses. The scope of research was defined based on car registration area, transport types and modes, the stages of rail transit energy consumption. The data availability and gathering were fully illustrated. A city level emission model for the aforementioned four modes of passenger transport was formulated, and parameters including emission factor of electricity and fuel efficiency were tailored according to local situations such as energy structure and field survey. The results reveal that the emission from Beijing’s urban passenger transport in 2012 stood at 15 million tonnes of CO₂, of which 75.5% was from cars, whereas car trip sharing constitutes only 42.5% of the total residential trips. Bus travel, yielding 28.6 g CO₂, is the most efficient mode of transport under the current situations in terms of per passenger kilometer (PKM) emission, whereas car or taxi trips emit more than 5 times that of bus trips. Although a decrease trend appears, Beijing still has potential for further carbon reduction in passenger transport field in contrast to other cities in developed countries. Development of rail transit and further limitation on cars could assist in reducing 4.39 million tonnes CO₂ emission.     

Distinguishing the land use effects of road pricing based on the urban form attributes

This paper studies the effects of road pricing on land use under different development scenarios (business as usual scenario and transit oriented development scenario) by a quantitative method, which combines the integrated land use and transport interaction model (TRANUS model) with the scenario-planning techniques. Moreover, in order to further analyze the differences of the land use effects of road pricing on traffic analysis zones (TAZs) with different urban form attributes, a quantitative classification method combining factor analysis and cluster analysis is then used to quantitatively classify TAZs. The results demonstrate that the effects of road pricing on the land use of a specific region depend on the urban form attributes of the region. The higher the densities of employments and population, and better street design (high densities of street and intersections) and public transportation condition, the less the region is negatively affected by road pricing, and vice versa. More importantly, rail transit can alleviate the negative impact of road pricing on commercial development and population concentration of the region. Therefore, before introducing a road pricing policy, it is necessary to develop public transport system, especially rail transit.     

The best of times and the worst of times: A new best–worst measure of attitudes toward public transport experiences

Attitudes play an important role in determining individual transit behaviour and the measurement of attitudes is relied on by public transit authorities’ world over. Given their role in behaviour and policy making, the accurate measurement of attitudes is of critical importance. Traditional satisfaction scales are prone to bias and on their own they are only a partial measure of attitudes. Given that satisfaction scales have been used to assist with large scale transport infrastructure investment decisions, to aid policy makers examining reactions to alternative policy changes and reform, and to measure the success of new initiatives, deriving robust satisfaction scales should be of critical importance. This paper introduces a dual version of best–worst scaling as an alternative measure of satisfaction. Best–worst scaling is free of the biases inherent in traditional response scales and is ideal for handling the comparative evaluation of large amount of attributes, particularly those which are inherently qualitative. The paper makes a further innovative contribution by proposing a model structure for the joint estimation of satisfaction and importance. Our model shows a better delineation between the attributes used to measure attitudes towards bus use and a more detailed understanding of the relationship between importance and satisfaction; enabling transport operators to better understand what counts most and assess their performance.     

Calibrating a transit assignment model using smart card data in a large-scale multi-modal transit network

This paper describes a practical automated procedure to calibrate and validate a transit assignment model. An optimization method based on particle swarm algorithm is adopted to minimize a defined error term. This error term which is based on the percentage of root mean square error and the mean absolute percent error encompasses deviation of model outputs from observations considering both segment level as well as the mode level and can be applied to a large scale network. This study is based on the frequency-based assignment model using the concept of optimal strategy while any transit assignment model can be used in the proposed methodological framework. Lastly, the model is validated using another weekday data. The proposed methodology uses automatic fare collection (AFC) data to estimate the origin–destination matrix. This study combines data from three sources: the general transit feed specification, AFC, and a strategic transport model from a large-scale multimodal public transport network. The South-East Queensland (SEQ) network in Australia is used as a case study. The AFC system in SEQ has voluminous and high quality data on passenger boardings and alightings across bus, rail and ferry modes. The results indicate that the proposed procedure can successfully develop a multi-modal transit assignment model at a large scale. Higher dispersions are seen for the bus mode, in contrast to rail and ferry modes. Furthermore, a comparison is made between the strategies used by passengers and the generated strategies by the model between each origin and destination to get more insights about the detailed behaviour of the model. Overall, the analysis indicates that the AFC data is a valuable and rich source in calibrating and validating a transit assignment model.

     

Autonomous cars: The tension between occupant experience and intersection capacity

Systems that enable high levels of vehicle-automation are now beginning to enter the commercial marketplace. Road vehicles capable of operating independently of real-time human control under an increasing set of circumstances will likely become more widely available in the near future. Such vehicles are expected to bring a variety of benefits. Two such anticipated advantages (relative to human-driver vehicle control) are said to be increased road network capacity and the freeing up of the driver-occupant’s time to engage in their choice of leisurely or economically-productive (non-driving) tasks.In this study we investigate the implications for intersection capacity and level-of-service of providing occupants of automated (without real-time human control), autonomously-operating (without vehicle-to-X communication) cars with ride quality that is equivalent (in terms of maximum rates of longitudinal and lateral acceleration) to two types of rail systems: [urban] light rail transit and [inter-urban] high-speed rail. The literature suggests that car passengers start experiencing discomfort at lower rates of acceleration than car drivers; it is therefore plausible that occupants of an autonomously-operating vehicle may wish to instruct their vehicle to maneuver in a way that provides them greater ride comfort than if the vehicle-control algorithm simply mimicked human-driving-operation.On the basis of traffic microsimulation analysis, we found that restricting the dynamics of autonomous cars to the acceleration/deceleration characteristics of both rail systems leads to reductions in a signalized intersection’s vehicle-processing capacity and increases in delay. The impacts were found to be larger when constraining the autonomous cars’ dynamics to the more-restrictive acceleration/deceleration profile of high-speed rail. The scenarios we analyzed must be viewed as boundary conditions, because autonomous cars’ dynamics were by definition never allowed to exceed the acceleration/deceleration constraints of the rail systems. Appropriate evidence regarding motorists’ preferences does not exist at present; establishing these preferences is an important item for the future research agenda.This paper concludes with a brief discussion of research needs to advance this line of inquiry.     

Tradable credits scheme and transit investment optimization for a two‐mode traffic network

This paper proposes an optimization model to minimize the “system costs” and guide travelers' behavior by exploring the optimal bus investment and tradable credits scheme design in a bimodal transportation system. Travelers' transport mode choice behavior (car or bus) and the modal equilibrium conditions between these two forms of transport are studied in the tradable credits scheme. Public transport priority is highlighted by charging car travelers credits only. The economies of scale presented by the transit system under the tradable credit scheme are analyzed by comparing the marginal cost and average cost. Numerical examples are presented to demonstrate the model. Furthermore, the effects of tradable credits schemes on bus investment and travelers' modal choice behavior are explored based on scenario discussions. Copyright © 2016 John Wiley & Sons, Ltd.     

城市轨道交通企业多元化发展对比研究

城市轨道交通投资周期长、成本高、收益见效慢,许多轨道交通企业负债累累,但随着城市轨道交通在我国的高速发展,越来越多的轨道交通企业开启多元化经营进而实现多元化发展。本文列举了四个我国典型大都市的轨道交通多元化发展情况,结合政府颁布的土地政策,可以看出轨道交通多元化发展的重要性,以及政府将土地交由轨道交通企业自行开发、使用,政府在其中主要充当监管者的角色。这样有助于实现其多元化经营,进而带动多元化发展与城市可持续发展。     

Analysis on line capacity usage for China high speed railway with optimization approach

The purpose for the analysis of capacity usage is to utilize the rail infrastructure in a more efficient and practical way. The practical and theoretical challenge of the rail capacity is its dynamics and uncertainty, which are common in China and elsewhere. Based on the capacity balance, a train service-demand intention set (TSDIS) at High-Speed Rail (HSR) line (t@l-TSDIS) is defined, which takes the number of trains, the average speed, the heterogeneity and the stability as the core elements for the capacity usage. For dynamics and uncertainty, we update the norm for capacity measure as the time needed to fulfill the task list t@l-TSDIS. Then we develop the objectives and constraints for the Mathematical Program for Line Capacity (MPLC), which aims at minimization of heterogeneity and running time as well as maximization of reliability. For solving MPLC, the Pareto Archived Evolutionary Strategy (PAES) and fuzzy logic penalty function are introduced. Furthermore we propose a rolling optimization tactic oriented by the practical problem, which combines the improved Pareto Archived Evolutionary Strategy (iPAES) with an interactive technique. In a case study, we apply the proposed ideas and methodology to Beijing-Shanghai HSR (BS-HSR) line much closer to the railway practice. By using the computer language C# to compile the Console program, Pareto optimized results for MPLC are achieved, including the standard and practical values for the heterogeneity indices, reliability indices and running time indices. We also discuss the sensitivity of the heterogeneity index. This research demonstrates that it is useful to analyze the line capacity usage for China HSR with the proposed optimization approach.     

The impact of urban rail transit on commercial property value: New evidence from Wuhan,China

The interaction between rail transit and the urban property market is a vital foundation for planning transit-based policy such as Value Capture and Transit Oriented Development (TOD). Yet only few studies have reported the impact of transit access on commercial property value. This paper presents empirical evidence from Wuhan, China, to enrich the knowledge in the subject area. Spatial autoregressive models were employed to estimate the commercial value capture, based on 676 observations along Wuhan’s metro rail line through the main business districts. Value appreciation was discovered within the 400 m radius of road network distance from Metro stations. The transit access premiums present as two tiers: 16.7% for the 0–100 m core area and approximately 8.0% within the 100–400 m radius. The result demonstrates the potential benefit of adopting value capture and optimising TOD planning to support sustainable urban rail transit investment. Amid rapid urbanisation in China, the evidence reported here could help better inform cities, across the developing world and beyond, of the benefits of adopting rail transit-based policy.