Optimal Fares for Public Transport
Please always quote using this URN: urn:nbn:de:0297-zib-8698
- The \emph{fare planning problem} for public transport is to design a system of fares that maximize the revenue. We introduce a nonlinear optimization model to approach this problem. It is based on a d iscrete choice logit model that expresses demand as a function of the fares. We illustrate our approach by computing and comparing two different fare systems for the intercity network of the Netherlands.
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| Author: | Ralf BorndörferORCiD, Marika Neumann, Marc PfetschORCiD |
|---|---|
| Document Type: | ZIB-Report |
| Tag: | demand function; discrete choice model; fare planning |
| MSC-Classification: | 90-XX OPERATIONS RESEARCH, MATHEMATICAL PROGRAMMING / 90Bxx Operations research and management science / 90B20 Traffic problems |
| 91-XX GAME THEORY, ECONOMICS, SOCIAL AND BEHAVIORAL SCIENCES / 91Bxx Mathematical economics (For econometrics, see 62P20) / 91B74 Models of real-world systems | |
| Date of first Publication: | 2005/08/01 |
| Series (Serial Number): | ZIB-Report (05-35) |
| ZIB-Reportnumber: | 05-35 |
| Published in: | Appeared in: Operations Research Proceedings 2005. H.-D. Haasis et al. (eds.) Springer 2006, 591-596 |
