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Park-and-ride service design under a price-based tradable credits scheme in a linear monocentric city

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  • Gao, Ge
  • Sun, Huijun
  • Wu, Jianjun
  • Liu, Xinmin
  • Chen, Weiya

Abstract

This study conducts a multimodal analysis in a competitive railway/highway system along a linear traffic corridor. A price-based tradable credits scheme is introduced into the park-and-ride (P&R) design in which the credit price is determined by the government. The C-logit model is used to analyze the linear monocentric city's route choice behavior. A bi-level programming model is proposed to study the P&R location problem. The upper level minimizes the social cost by optimizing the quantity and location of P&R stations and the price-based tradable credits scheme. The lower level is to determine the equilibrium assignments on the multi-mode network. Finally, a numerical example is used to investigate the effects of the price-based tradable credits scheme, bodily congestion in transit carriages and P&R facilities' investment on social cost, traveler behavior and P&R locations. It is found that besides the price-based tradable credits scheme, bodily congestion and P&R facilities investment also have an important influence on the P&R location design and the social cost.

Suggested Citation

  • Gao, Ge & Sun, Huijun & Wu, Jianjun & Liu, Xinmin & Chen, Weiya, 2018. "Park-and-ride service design under a price-based tradable credits scheme in a linear monocentric city," Transport Policy, Elsevier, vol. 68(C), pages 1-12.
    • Handle: RePEc:eee:trapol:v:68:y:2018:i:c:p:1-12
    DOI: 10.1016/j.tranpol.2018.04.001
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    6. Fan, Wenbo & Xiao, Feng & Nie, Yu (Macro), 2022. "Managing bottleneck congestion with tradable credits under asymmetric transaction cost," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 158(C).
    7. Ge Gao & Xinmin Liu & Huijun Sun & Jianjun Wu & Haiqing Liu & Wei (Walker) Wang & Zhen Wang & Tao Wang & Haoming Du, 2019. "Marginal Cost Pricing Analysis on Tradable Credits in Traffic Engineering," Mathematical Problems in Engineering, Hindawi, vol. 2019, pages 1-10, January.

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