A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Pricing and mode choice based on nested logit model with trip-chain costs
Abstract Commuters can complete their “home-work-home” trips by three options: subway-only mode, auto-only mode, and park-and-ride mode on a bottleneck-constrained corridor. The purpose of this paper is to enhance the insights into pricing mechanism for subway and parking and corresponding mode choice behavior on the corridor with elastic demand. A nested logit-based stochastic user equilibrium model is proposed to characterize the commuters’ modal choice. Dispersion parameters in the nested logit model reflect the risk or uncertainty of mode choice. It is found by sensitivity analysis that the impacts of subway fare and parking fee on the commute pattern are not always monotonous. Optimal strategies of subway fare and parking fee are discussed, respectively, under four market schemes by assuming that the subway and the parking lot at workplace are operated by either the government or a private owner. A numerical example is presented to illustrate how the pricing policies affect demand implementation, mode choice behavior and benefits of private owners and the whole transportation system.
Highlights Nested logit-based modal choice with trip-chain costs is characterized. Effects of fare and fee on the E commute pattern are found not to be always monotonous. Optimal pricing strategies are discussed.
Pricing and mode choice based on nested logit model with trip-chain costs
Abstract Commuters can complete their “home-work-home” trips by three options: subway-only mode, auto-only mode, and park-and-ride mode on a bottleneck-constrained corridor. The purpose of this paper is to enhance the insights into pricing mechanism for subway and parking and corresponding mode choice behavior on the corridor with elastic demand. A nested logit-based stochastic user equilibrium model is proposed to characterize the commuters’ modal choice. Dispersion parameters in the nested logit model reflect the risk or uncertainty of mode choice. It is found by sensitivity analysis that the impacts of subway fare and parking fee on the commute pattern are not always monotonous. Optimal strategies of subway fare and parking fee are discussed, respectively, under four market schemes by assuming that the subway and the parking lot at workplace are operated by either the government or a private owner. A numerical example is presented to illustrate how the pricing policies affect demand implementation, mode choice behavior and benefits of private owners and the whole transportation system.
Highlights Nested logit-based modal choice with trip-chain costs is characterized. Effects of fare and fee on the E commute pattern are found not to be always monotonous. Optimal pricing strategies are discussed.
Pricing and mode choice based on nested logit model with trip-chain costs
Lu, Xiao-Shan (author) / Liu, Tian-Liang (author) / Huang, Hai-Jun (author)
Transport Policy ; 44 ; 76-88
2015-06-23
13 pages
Article (Journal)
Electronic Resource
English
Pricing and mode choice based on nested logit model with trip-chain costs
| Online Contents | 2015
Study of Travel Mode Choice Behavior Based on Nested Logit Model
| British Library Conference Proceedings | 2013
| British Library Online Contents | 2002
TR-138 CALIBRATION OF FLORIDA NESTED-LOGIT MODE-CHOICE MODEL
| British Library Conference Proceedings | 2002