An economic analysis of integrating bike sharing service with metro systems

Fangni Zhang, Wei Liu

Research output: Journal article publicationJournal articleAcademic researchpeer-review

2 Citations (Scopus)

Abstract

This paper develops an analytical bi-level model to examine the strategic interaction and potential integration between bike sharing operation and metro system operation. In the bi-level problem with a given total travel demand, the lower-level model quantifies users’ equilibrium travel choices and the upper-level model optimizes the operation decisions of the bike sharing operator and metro system operator. We examine different operation regimes, where the bike sharing operator and metro operator may work either independently or jointly. We also conduct numerical analysis in the context of Sydney. The analytical and numerical results show that bike sharing can help reduce total social cost even if the operator maximizes its profit. A more attractive metro service may also help the bike sharing operator to increase its profit. Coordinated operation of bike sharing and metro system can help further reduce total social cost while the bike sharing operator can improve its profit.

Original languageEnglish
Article number103008
JournalTransportation Research Part D: Transport and Environment
Volume99
DOIs
Publication statusPublished - Oct 2021
Externally publishedYes

Keywords

  • Bike sharing
  • Metro system
  • Nash Bargaining
  • Non-cooperative game
  • Profit maximization
  • Social cost minimization

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Transportation
  • Environmental Science(all)

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