• DocumentCode
    2666850
  • Title

    Pricing of urban rail transit for different operation stages based on Game theory

  • Author

    Mingbao, Zhou ; Ying, Chen ; Ning, Zhang ; Xiaojun, Zhang

  • Author_Institution
    Suzhou Metro Corp., Suzhou, China
  • fYear
    2010
  • fDate
    17-19 Sept. 2010
  • Firstpage
    139
  • Lastpage
    142
  • Abstract
    In order to protect the sustainable and healthy development of urban public transport system, relieve its internal price competition, this paper proposed a ticket pricing model of urban rail transit based on Game theory. Through consideration of different radiation scope under different operation stages, this paper construct rail and bus transit´s ticket income models, and by Nash equilibrium got their optimal prices in non-cooperative game. The method can provide a reference for the reasonable and scientific ticket pricing. Finally, through actual engineering validated the operability and effectivity of this method.
  • Keywords
    game theory; pricing; railways; sustainable development; transportation; Nash equilibrium; bus transit ticket income model; game theory; healthy development; internal price competition; noncooperative game; operation stages; rail transit ticket income model; sustainable development; ticket pricing model; urban public transport system; urban rail transit pricing; Biological system modeling; Equations; Games; Mathematical model; Nash equilibrium; Pricing; Rails; bus transit; operation stage; pricing game theory; urban rail transit;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Information and Financial Engineering (ICIFE), 2010 2nd IEEE International Conference on
  • Conference_Location
    Chongqing
  • Print_ISBN
    978-1-4244-6927-7
  • Type

    conf

  • DOI
    10.1109/ICIFE.2010.5609268
  • Filename
    5609268