Optimal pricing strategies for competitive transport modes

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

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-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 languageEnglish
Title of host publicationProceedings of the Conference on Traffic and Transportation Studies, ICTTS
DOIs
Publication statusPublished - 1 Dec 2002
Event3rd International Conference on Traffic and Transportation Studies, ICTTS 2002 - Guilin, China
Duration: 23 Jul 200225 Jul 2002

Conference

Conference3rd International Conference on Traffic and Transportation Studies, ICTTS 2002
CountryChina
CityGuilin
Period23/07/0225/07/02

ASJC Scopus subject areas

  • Mechanical Engineering

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