Abstract:

A competition model between the railway transit and the traditional bus transit was built adopting the Logit model. Taking the ticket price as the decision-making variable, a ticket price optimization was established based on maximization of the social-economic benefit of the railway transit. On the premise of meeting the service quality standard, an optimal ticket price was obtained to maximize the social-economic benefit to reach the objectives of easing traffic congestion and saving energy. An example showed the applicability of the established ticket price optimization model.

Key words: engineering of communications and transportation, competition model, Logit model, ticket price, social-economic benefit