Multiobjective pricing of bus-subway services in Santiago, Chile

Multiobjective pricing of bus-subway services in Santiago, Chile

0.00 Avg rating0 Votes
Article ID: iaor1995631
Country: United States
Volume: 27
Issue: 3
Start Page Number: 261
End Page Number: 277
Publication Date: Dec 1993
Journal: Journal of Advanced Transportation
Authors: ,
Keywords: programming: multiple criteria
Abstract:

Presently, the surface transit system in Santiago, Chile is private and atomized. It operates in competition with the subway, covering long distances and causing congestion in the central business district. As the subway operates below capacity, integrated services with a common fare have been identified as both operatively and financially possible, making better use of resources and avoiding negative externalities. A multiobjective approach is formulated and applied to determine the price of the combined service, accounting for both users’ benefits and operators’ profit. The role of different parameters in the financial and operative constraints is analyzed in particular, as well as the conflicting nature of the objective functions. The non-inferior set of solutions is constructed and analyzed both in the decision variables space and in the objectives space, and solutions are compared against the present conditions.

Reviews

Required fields are marked *. Your email address will not be published.