Optimal Fares for Public Transport

Ralf Borndörfer (), Marika Neumann () and Marc E. Pfetsch ()
Additional contact information
Ralf Borndörfer: Konrad-Zuse-Zentrum für Informationstechnik Berlin
Marika Neumann: Konrad-Zuse-Zentrum für Informationstechnik Berlin
Marc E. Pfetsch: Konrad-Zuse-Zentrum für Informationstechnik Berlin

A chapter in Operations Research Proceedings 2005, 2006, pp 591-596 from Springer

Abstract: Summary The fare planning problem for public transport is to design a system of fares that maximize the revenue. We introduce a nonlinear optimization model to approach this problem. It is based on a discrete choice logit model that expresses demand as a function of the fares. We illustrate our approach by computing and comparing two different fare systems for the intercity network of the Netherlands.

Keywords: Discrete Choice; Total Revenue; Discrete Random Variable; Travel Choice; Discrete Choice Analysis (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:oprchp:978-3-540-32539-0_93

Ordering information: This item can be ordered from
http://www.springer.com/9783540325390

DOI: 10.1007/3-540-32539-5_93

Access Statistics for this chapter

More chapters in Operations Research Proceedings from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().