The Role of Initial Credit Distribution Scheme in Managing Network Mobility and Maximizing Reserve Capacity: Considering Traveler’s Cognitive Illusion

Fei Han and Lin Cheng

Discrete Dynamics in Nature and Society, 2016, vol. 2016, 1-12

Abstract:

The role of initial credit distribution scheme (ICDS) in managing network mobility has long been overlooked in previous studies of tradable credit scheme (TCS), which may make their results disputable in the reality, as the travelers possessing leftover credits can get some subsidy from the credit market and offset part of travel cost. In this paper, the disequilibrium phenomenon of previous user equilibrium (UE) solution is shown when traveler’s cognitive illusion (CI) is considered. Then, a new UE condition with TCS is defined with the ICDS and CI explicitly considered. To comprehensively reveal the impacts of ICDS on UE solution, four different types of ICDS are introduced and analyzed in a unified variational inequality (VI) modeling framework. The uniqueness of the UE link flow and market equilibrium (ME) credit price is also investigated. Furthermore, the mathematical program with equilibrium constraint (MPEC) for the optimal ICDS design problem is established, with the optimization objective being maximizing network reserve capacity. A modified relaxation algorithm is adopted to solve the MPEC. The numerical example shows that a properly designed ICDS can not only improve the network reserve capacity, but also decrease the travel cost of all the travelers in the network simultaneously.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://downloads.hindawi.com/journals/DDNS/2016/7289621.pdf (application/pdf)
http://downloads.hindawi.com/journals/DDNS/2016/7289621.xml (text/xml)

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:hin:jnddns:7289621

DOI: 10.1155/2016/7289621

Access Statistics for this article

More articles in Discrete Dynamics in Nature and Society from Hindawi
Bibliographic data for series maintained by Mohamed Abdelhakeem ().