Bus headway optimization with consumer surplus as a measure of societal benefit
S. C. Wirasinghe and
J. D. Hunt
International Journal of Urban Sciences, 2021, vol. 25, issue 1, 86-103
This paper derives the square root bus dispatch optimization developed by Newell from consumer surplus rather than the original cost minimization function. We then extend the model to consider dispatch-variant demand and outline its property relative to the original model by Newell. Demand elasticity is introduced via a multinomial logit mode choice model. Results are tested for City of Edmonton mode choice and ridership. The sensitivity of the function to wait time cost and passenger demand is tested. For the observed passenger demand and value of travel time, our analysis suggests there is a portion of riders who are captive and will suffer increasing wait time costs, but many passengers will make the choice to utilize other modes of travel when faced with increasing bus headways.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:rjusxx:v:25:y:2021:i:1:p:86-103
Ordering information: This journal article can be ordered from
Access Statistics for this article
International Journal of Urban Sciences is currently edited by Dongjoo Park and Mack Joong Choi
More articles in International Journal of Urban Sciences from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().