Public transit service operation strategy under indifference thresholds‐based bi‐modal equilibrium |
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| Authors: | Wei Wang David Z W Wang Huijun Sun Jianjun Wu |
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| Institution: | 1. School of Civil and Environmental Engineering, Nanyang Technological University, Singapore;2. Key Laboratory for Urban Transportation Complex Systems Theory and Technology of Ministry of Education, Beijing Jiaotong University, China;3. State Key Laboratory of Rail Traffic Control and Safety, Beijing Jiaotong University, China |
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| Abstract: | This paper investigates public transit service (fare and frequency) operation strategies in a bi‐modal network with assumption of indifference thresholds‐based travelers' mode choice behavior. Under such behavior, users would switch to a new mode only if its utility is larger than the utility of current mode plus a threshold. The concept of indifference thresholds‐based bi‐modal equilibrium (ITBE) and the properties of the ITBE solution are explicitly proposed. Considering transit operator's different economic objectives (profit‐maximizing, no‐deficit and total system cost‐minimizing), the effect of indifference thresholds on transit fare and frequency schemes is studied. Some numerical experiments are accompanied to verify the theoretical results. Copyright © 2016 John Wiley & Sons, Ltd. |
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| Keywords: | indifference thresholds public transit service bi‐modal equilibrium transit fare and frequency |
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