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Please use this identifier to cite or link to this item: http://ntour.ntou.edu.tw:8080/ir/handle/987654321/40064

Title: Optimization of Fare Structure and Service Frequency for Maximum Profitability of Transit Systems
Authors: Feng-Ming Tsai;Steven Chien;Lazar Spasovic
Contributors: 國立臺灣海洋大學:航運管理學系
Date: 2007
Issue Date: 2017-01-12T08:30:23Z
Publisher: Transportation Planning and Technology
Abstract: Abstract:An efficient fare structure combined with good service quality can stimulate demand and increase revenue. This paper presents an optimization approach for an intercity transportation system where demand is sensitive to fare and wait time and the fare sensitivity further varies with trip length. The approach jointly optimizes service headway and distance-based fare structure to maximize total profit, subject to service capacity and fleet size constraints. The optimal fares are also differentiated on the basis of trip length. An efficient solution method is developed and applied to solve the profit maximization problem. The model is applied to a case study of the Taiwan High-Speed Rail System. Numerical results, including optimal solutions and sensitivity analyses, are presented. Insights that may lead to managerial decisions are discussed.
Relation: 30(5), pp.477-500
URI: http://ntour.ntou.edu.tw:8080/ir/handle/987654321/40064
Appears in Collections:[航運管理學系] 期刊論文

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