Optimal decisions of sharing rate and ticket price of different transportation modes in inter-city transportation corridor
Abstract: The paper concerns
competition of different transportation modes coexist in inter-city
transportation corridor. The purpose of this paper is to express the
competitive relationship by building mathematical model and obtain the best
sharing rate and the optimal ticket price of different transportation modes.
Design/methodology/approach: Firstly, analyzing influencing factors of
passenger choice about transportation modes, we designed an utility function of
transportation modes. Secondly, referring to the game theory and logit modle, a
non-cooperative game model between railway and highway was built. Finally, the
model was applied to Nanchang-Jiujiang transportation corridor in China for an
empirical analysis.
Findings: The results indicate that the proposed non-cooperative game
model is rational and reliable, and it supplies a scientific method to
determine the optimal ticket price and passenger sharing rate of different
transportation modes, and can be applied to the competition study on different
transportation modes in inter-city transportation corridor.
Originality/value: The main contribution of this paper is to built the
non-cooperative game model, which can consider the needs of different
travelers, and achieve reasonable passenger divergence of different
transportation modes and coordinated development of whole transport market.
Author: Zhaoping Tang, Jin
Qin, Huan Liu, Xiang Du, Jianping Sun
Journal Code: jptindustrigg150101