Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
420076 | Discrete Applied Mathematics | 2012 | 15 Pages |
Abstract
The optimization of fare systems in public transit allows to pursue objectives such as the maximization of demand, revenue, profit, or social welfare. We propose a nonlinear optimization approach to fare planning that is based on a detailed discrete choice model of user behavior. The approach allows to analyze different fare structures, optimization objectives, and operational scenarios involving, e.g., subsidies. We use the resulting models to compute optimized fare systems for the city of Potsdam, Germany.
Keywords
Related Topics
Physical Sciences and Engineering
Computer Science
Computational Theory and Mathematics
Authors
Ralf Borndörfer, Marika Karbstein, Marc E. Pfetsch,