Minimizing Investment Risk of Integrated Rail and Transit-Oriented-Development Projects over Years in a Linear Monocentric City
Joint Authors
Liu, Ding
Jiang, Xi
Meng, Lingyun
Ge, Ying-En (Ethan)
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-10-18
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
Rail and transit-oriented-development (TOD) projects are simultaneously optimized in this paper, with special consideration given to yearly variation and spatial and temporal correlation of population densities.
In the proposed model, the objective is to minimize the investment risk of integrated rail and TOD projects with a given required expected return on investment.
The investment risk is optimized based on closed-form solutions of the design variables, including rail line length, the number of TOD projects, and the number of housing units in each TOD project.
The closed-form solutions are given explicitly under the assumption of social welfare maximization.
It is found that underestimation exists for rail and TOD projects without consideration of the correlation of spatial and temporal population densities.
TOD projects can greatly improve the return on investment of the rail operator.
A numerical example is also presented.
American Psychological Association (APA)
Liu, Ding& Jiang, Xi& Meng, Lingyun& Ge, Ying-En (Ethan). 2016. Minimizing Investment Risk of Integrated Rail and Transit-Oriented-Development Projects over Years in a Linear Monocentric City. Discrete Dynamics in Nature and Society،Vol. 2016, no. 2016, pp.1-8.
https://search.emarefa.net/detail/BIM-1103339
Modern Language Association (MLA)
Liu, Ding…[et al.]. Minimizing Investment Risk of Integrated Rail and Transit-Oriented-Development Projects over Years in a Linear Monocentric City. Discrete Dynamics in Nature and Society No. 2016 (2016), pp.1-8.
https://search.emarefa.net/detail/BIM-1103339
American Medical Association (AMA)
Liu, Ding& Jiang, Xi& Meng, Lingyun& Ge, Ying-En (Ethan). Minimizing Investment Risk of Integrated Rail and Transit-Oriented-Development Projects over Years in a Linear Monocentric City. Discrete Dynamics in Nature and Society. 2016. Vol. 2016, no. 2016, pp.1-8.
https://search.emarefa.net/detail/BIM-1103339
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1103339