On the design of public infrastructure systems with elastic demand

Carlos F. Daganzo

Transportation Research Part B: Methodological, 2012, vol. 46, issue 9, 1288-1293

Abstract: This paper considers the optimization of public infrastructure systems, recognizing that these systems serve multiple user classes. Example application domains include: public transportation systems, electricity distribution grids, urban water distribution systems, and maintenance of pavement and bridge systems. Under the guidance of a policy-making body, the analyst chooses both the system design, including its layout and control, and the prices to be charged for the service. The goal of the optimization is to maximize society’s welfare recognizing that the system’s performance will in general depend on the system’s demand, and vice versa.

Keywords: System design; Elastic demand; Optimization (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (12)

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DOI: 10.1016/j.trb.2012.06.005

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