Bilevel Programming Model of Private Capital Investment in Urban Public Transportation: Case Study of Jinan City
Joint Authors
Qin, Huanmei
Xue, Yunqiang
Corey, Jonathan
Ma, Jiaqi
Han, Yan
Guan, Hongzhi
Source
Mathematical Problems in Engineering
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-12-30
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
Increasing public transportation subsidies have created fiscal pressures for governments.
To ease this financial pressure, Chinese government strongly encourages private capital investment in public transportation.
However, previous private capital investments in public transportation operations have largely failed, mainly due to low ticket fares that cannot support sustainable operations.
To address this issue, several previous research projects have developed methods to facilitate private capital investment.
The majority of the research focuses on qualitative analysis and value for money analysis.
Our research proposed a new method of private capital investment in public transportation operations based on the concept of “passenger value.” The feasibility of the proposed method of private investment was analyzed quantitatively by constructing a bilevel programming model.
The model was verified based on a sample analysis of Jinan city traffic.
Results showed that effective private capital investment increases the total societal benefit from the public transportation system and additionally that the investment method considering “passenger value” is superior to the traditional one.
A quantitative tool was provided by the model to evaluate private capital investment effects, design investment policies, and develop further research.
American Psychological Association (APA)
Xue, Yunqiang& Guan, Hongzhi& Corey, Jonathan& Qin, Huanmei& Han, Yan& Ma, Jiaqi. 2015. Bilevel Programming Model of Private Capital Investment in Urban Public Transportation: Case Study of Jinan City. Mathematical Problems in Engineering،Vol. 2015, no. 2015, pp.1-12.
https://search.emarefa.net/detail/BIM-1073984
Modern Language Association (MLA)
Xue, Yunqiang…[et al.]. Bilevel Programming Model of Private Capital Investment in Urban Public Transportation: Case Study of Jinan City. Mathematical Problems in Engineering No. 2015 (2015), pp.1-12.
https://search.emarefa.net/detail/BIM-1073984
American Medical Association (AMA)
Xue, Yunqiang& Guan, Hongzhi& Corey, Jonathan& Qin, Huanmei& Han, Yan& Ma, Jiaqi. Bilevel Programming Model of Private Capital Investment in Urban Public Transportation: Case Study of Jinan City. Mathematical Problems in Engineering. 2015. Vol. 2015, no. 2015, pp.1-12.
https://search.emarefa.net/detail/BIM-1073984
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1073984