Article ID Journal Published Year Pages File Type
1024104 Transportation Research Part E: Logistics and Transportation Review 2008 14 Pages PDF
Abstract
This study explores the economic mechanisms behind the decline of a surface transportation network, based on the assumption that the decline phase is a spontaneous process driven by decentralized decisions of individual travelers and privatized links. A simulation model is developed with a degeneration process by which the weakest link is removed iteratively from the network. Experiments reveal how the economic efficiency of a network evolves during the degeneration process and suggest an “optimal” degenerated network could be derived during the decline phase in terms of maximizing total social welfare.
Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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