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Modeling and Analyzing Taxi Congestion Premium in Congested Cities
Joint Authors
Yuan, Changwei
Wu, Dayong
Wei, Dali
Liu, Hongchao
Source
Journal of Advanced Transportation
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-03-19
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
Traffic congestion is a significant problem in many major cities.
Getting stuck in traffic, the mileage per unit time that a taxicab travels will decline significantly.
Congestion premium (or so-called low-speed fare) has become an increasingly important income source for taxi drivers.
However, the impact of congestion premium on the taxicab market is not widely understood yet.
In particular, modeling and analyzing of the taxi fare structure with congestion premium are extremely limited.
In this paper, we developed a taxi price equilibrium model, in which the adjustment mechanism of congestion premium on optimizing the taxi driver’s income, balancing the supply and demand, and eventually improving the level of service in the whole taxicab market was investigated.
In the final part, we provided a case study to demonstrate the feasibility of the proposed model.
The results indicated that the current taxi fare scheme in Beijing is suboptimal, since the gain from the raise of congestion premium cannot compensate for the loss from the demand reduction.
Conversely, the optimal fare scheme suggested by our model can effectively reduce the excessive demand and reach the supply-demand equilibrium, while keeping the stability of the driver’s income to the maximum extent.
American Psychological Association (APA)
Yuan, Changwei& Wu, Dayong& Wei, Dali& Liu, Hongchao. 2017. Modeling and Analyzing Taxi Congestion Premium in Congested Cities. Journal of Advanced Transportation،Vol. 2017, no. 2017, pp.1-12.
https://search.emarefa.net/detail/BIM-1170579
Modern Language Association (MLA)
Yuan, Changwei…[et al.]. Modeling and Analyzing Taxi Congestion Premium in Congested Cities. Journal of Advanced Transportation No. 2017 (2017), pp.1-12.
https://search.emarefa.net/detail/BIM-1170579
American Medical Association (AMA)
Yuan, Changwei& Wu, Dayong& Wei, Dali& Liu, Hongchao. Modeling and Analyzing Taxi Congestion Premium in Congested Cities. Journal of Advanced Transportation. 2017. Vol. 2017, no. 2017, pp.1-12.
https://search.emarefa.net/detail/BIM-1170579
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1170579