Ticket Fare Optimization for China’s High-Speed Railway Based on Passenger Choice Behavior
Joint Authors
Zheng, Jinzi
Liu, Jun
Clarke, David B.
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-6, 6 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-02-21
Country of Publication
Egypt
No. of Pages
6
Main Subjects
Abstract EN
Although China’s high-speed railway (HSR) is maturing after more than ten years of construction and development, the load factor and revenue of HSR could still be improved by optimizing the ticket fare structure.
Different from the present unitary and changeless fare structure, this paper explores the application of multigrade fares to China’s HSR.
On the premise that only one fare grade can be offered for each origin-destination (O-D) at the same time, this paper addresses the questions of how to adjust ticket price over time to maximize the revenue.
First, on the basis of piecewise pricing strategy, a ticket fare optimization model is built, which could be transformed to convex program to be solved.
Then, based on the analysis of passenger arrival regularity using historical ticket data of Beijing-Shanghai HSR line, several experiments are performed using the method proposed in the paper to explore the properties of the optimal multigrade fare scheme.
American Psychological Association (APA)
Zheng, Jinzi& Liu, Jun& Clarke, David B.. 2017. Ticket Fare Optimization for China’s High-Speed Railway Based on Passenger Choice Behavior. Discrete Dynamics in Nature and Society،Vol. 2017, no. 2017, pp.1-6.
https://search.emarefa.net/detail/BIM-1151624
Modern Language Association (MLA)
Zheng, Jinzi…[et al.]. Ticket Fare Optimization for China’s High-Speed Railway Based on Passenger Choice Behavior. Discrete Dynamics in Nature and Society No. 2017 (2017), pp.1-6.
https://search.emarefa.net/detail/BIM-1151624
American Medical Association (AMA)
Zheng, Jinzi& Liu, Jun& Clarke, David B.. Ticket Fare Optimization for China’s High-Speed Railway Based on Passenger Choice Behavior. Discrete Dynamics in Nature and Society. 2017. Vol. 2017, no. 2017, pp.1-6.
https://search.emarefa.net/detail/BIM-1151624
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1151624