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
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;
Conference_Titel :
Information and Financial Engineering (ICIFE), 2010 2nd IEEE International Conference on
Conference_Location :
Chongqing
Print_ISBN :
978-1-4244-6927-7
DOI :
10.1109/ICIFE.2010.5609268