EconPapers    
Economics at your fingertips  
 

Multi-agent fare optimization model of two modes problem and its analysis based on edge of chaos

Xue-yan Li, Xue-mei Li, Xue-wei Li and He-ting Qiu

Physica A: Statistical Mechanics and its Applications, 2017, vol. 469, issue C, 405-419

Abstract: This paper proposes a new framework of fare optimization & game model for studying the competition between two travel modes (high speed railway and civil aviation) in which passengers’ group behavior is taken into consideration. The small-world network is introduced to construct the multi-agent model of passengers’ travel mode choice. The cumulative prospect theory is adopted to depict passengers’ bounded rationality, the heterogeneity of passengers’ reference point is depicted using the idea of group emotion computing. The conceptions of “Langton parameter” and “evolution entropy” in the theory of “edge of chaos” are introduced to create passengers’ “decision coefficient” and “evolution entropy of travel mode choice” which are used to quantify passengers’ group behavior. The numerical simulation and the analysis of passengers’ behavior show that (1) the new model inherits the features of traditional model well and the idea of self-organizing traffic flow evolution fully embodies passengers’ bounded rationality, (2) compared with the traditional model (logit model), when passengers are in the “edge of chaos” state, the total profit of the transportation system is higher.

Keywords: Fare optimization; Cumulative prospect theory; Group emotion; Passengers’ behavior; Complexity; Edge of chaos (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0378437116308275
Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:469:y:2017:i:c:p:405-419

DOI: 10.1016/j.physa.2016.11.022

Access Statistics for this article

Physica A: Statistical Mechanics and its Applications is currently edited by K. A. Dawson, J. O. Indekeu, H.E. Stanley and C. Tsallis

More articles in Physica A: Statistical Mechanics and its Applications from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).

 
Page updated 2024-12-28
Handle: RePEc:eee:phsmap:v:469:y:2017:i:c:p:405-419