Optimal pricing strategies for competitive transport modes

Z. X. Wu; Hing Keung William Lam; H. J. Huang

doi:10.1061/40630(255)205

Optimal pricing strategies for competitive transport modes

Z. X. Wu, Hing Keung William Lam, H. J. Huang

Research output: Chapter in book / Conference proceeding › Conference article published in proceeding or book › Academic research › peer-review

1 Citation (Scopus)

Abstract

This paper explores optimal pricing strategies for competitive transport modes, using logit-based stochastic user equilibrium (SUE) models. To consider a simplified network that contains a transit link and a parallel highway, various pricing strategies are devised to improve the net social benefit. It is demonstrated that how social optimum can be achieved by optimal pricing strategies in a competitive transport system with elastic travel demand. The proposed models are illustrated and discussed with numerical examples.

Original language	English
Title of host publication	Proceedings of the Conference on Traffic and Transportation Studies, ICTTS
DOIs	https://doi.org/10.1061/40630(255)205
Publication status	Published - 1 Dec 2002
Event	3rd International Conference on Traffic and Transportation Studies, ICTTS 2002 - Guilin, China Duration: 23 Jul 2002 → 25 Jul 2002

Conference

Conference	3rd International Conference on Traffic and Transportation Studies, ICTTS 2002
Country/Territory	China
City	Guilin
Period	23/07/02 → 25/07/02

ASJC Scopus subject areas

Mechanical Engineering

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10.1061/40630(255)205

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title = "Optimal pricing strategies for competitive transport modes",

abstract = "This paper explores optimal pricing strategies for competitive transport modes, using logit-based stochastic user equilibrium (SUE) models. To consider a simplified network that contains a transit link and a parallel highway, various pricing strategies are devised to improve the net social benefit. It is demonstrated that how social optimum can be achieved by optimal pricing strategies in a competitive transport system with elastic travel demand. The proposed models are illustrated and discussed with numerical examples.",

author = "Wu, {Z. X.} and Lam, {Hing Keung William} and Huang, {H. J.}",

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AB - This paper explores optimal pricing strategies for competitive transport modes, using logit-based stochastic user equilibrium (SUE) models. To consider a simplified network that contains a transit link and a parallel highway, various pricing strategies are devised to improve the net social benefit. It is demonstrated that how social optimum can be achieved by optimal pricing strategies in a competitive transport system with elastic travel demand. The proposed models are illustrated and discussed with numerical examples.

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DO - 10.1061/40630(255)205

M3 - Conference article published in proceeding or book

SN - 0784406308

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BT - Proceedings of the Conference on Traffic and Transportation Studies, ICTTS

T2 - 3rd International Conference on Traffic and Transportation Studies, ICTTS 2002

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ER -

Optimal pricing strategies for competitive transport modes

Abstract

Conference

ASJC Scopus subject areas

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