Introducing private capital into the public transport system for its sustainable development has ... more Introducing private capital into the public transport system for its sustainable development has been increasing around the world. However, previous research ignores emissions and energy consumption impacts, which are important for private capital investment policy-making. To address this problem, the system dynamic (SD) approach was used to quantitatively analyze the cumulative effects of different private capital investment models in public transport from the environmental perspective. The SD model validity was verified in the case study of Jinan public traffic. Simulation results show that the fuel consumption and emission reductions are obvious when the private capital considering passenger value invests in public transport compared with the no private capital investment and traditional investment models. There are obvious cumulative reductions for fuel consumption, CO 2 , CO, SO 2 , and PM10 emissions for 100 months compared with no private capital investment. This research verifies the superiority of the passenger value investment model in public transport from the environmental point of view, and supplies a theoretical tool for administrators to evaluate the private capital investment effects systematically.
To address the previous researches' shortcomings on private capital investment in public transpor... more To address the previous researches' shortcomings on private capital investment in public transportation, a new private capital investment method in public transportation considering passenger value is proposed. An Evolutionary Game Model (EGM) is constructed to quantify the impacts of private capital investment. Evolutionary Game Theory (EGT) supposes players are bounded rational; therefore EGM is more in accordance with the real situation. Jinan city is detailed as a case study to show how public and private sectors change their strategies. Model results show that the proposed investment strategy is superior to the traditional one and is evolutionary stable, thus the strategy should be encouraged. The EGM established in this paper provides a quantitative analysis tool for administrators and researchers to guide investment strategies of private capital in public transportation and lays the foundation for further research.
In order to better understand how commuters decide departure time considering parking space short... more In order to better understand how commuters decide departure time considering parking space shortage and commuters' bounded rationality, the reference point hypothesis of prospect theory is applied in the departure time decision-making. Commuter personal perception differences, the road congestion situation, destination parking status, and other factors were also analysed in the influence of commuter departure time choice. Based on prospect theory, an experiment was designed to investigate the intention of the commuter departure time choice. The experiment results show that the commuter's travel satisfaction and the departure time choice of the next trip are related to the parking space residual status after the commuter arrives at the destination. The satisfaction degree of the commuter is reduced, with the decrease of the remaining parking spaces. If the commuter is satisfied with the travel result, the commuter's departure time of next trip tends to be later. In the case of illegal parking, different penalty measures may lead to different decisions of next departure time choice. A commuter tends to depart earlier when more severe punishment for illegal parking is enforced. The research results can reveal to some degree the travellers' departure time choice behaviour when they face the risk of no parking spaces and provide a theoretical and practical support for parking management and car travelling decision.
Increasing public transportation subsidies have created fiscal pressures for governments. To ease... more Increasing public transportation subsidies have created fiscal pressures for governments. To ease this financial pressure, Chinese government strongly encourages private capital investment in public transportation. However, previous private capital investments in public transportation operations have largely failed, mainly due to low ticket fares that cannot support sustainable operations. To address this issue, several previous research projects have developedmethods to facilitate private capital investment. The majority of the research focuses on qualitative analysis and value formoney analysis. Our research proposed a newmethod of private capital investment in public transportation operations based on the concept of “passenger value.” The feasibility of the proposed method of private investment was analyzed quantitatively by constructing a bilevel programming model.The model was verified based on a sample analysis of Jinan city traffic. Results showed that effective private capital investment increases the total societal benefit from the public transportation system and additionally that the investment method considering “passenger value” is superior to the traditional one. A quantitative tool was provided by the model to evaluate private capital investment effects, design investment policies, and develop further research.
Releaving traffic congestion by developing public transport as an alternative mode of travel is a... more Releaving traffic congestion by developing public transport as an alternative mode of travel is a common practice all over the world. However, the increasing public transport subsidies have created a financial burden for governments. Encouragingly, private capital supplies an opportunity for public transport in sustainable finance. Previous research mainly focuses on qualitative analysis and money-for-value (MFV) analysis. In this paper, a new investment model is proposed based on the concept ‘passenger value’, and a bi-level programming model (BLPM) is constructed as a quantitative analysis tool. The upper target of BLPM is the total surplus (including the value of time (VOT) of passengers) of the public transport system and the upper constraint is the ticket price. The lower target of BLPM is passenger’s surplus, the lower constraints are service capability and the lowest return rate of the private sector. The public transport of Jinan City, China is taken as a case to quantify the impacts of private capital investment in public transport. Results show that the proposed investment model considering passenger value is superior to the traditional one, and effective private capital investment could increase the total societal benefit of the transportation system. The proposed investment strategy satisfies economic viability and is a financially sustainability strategy. Additionally, travelers should be encouraged to use public transport through improving the service quality and passenger returns. Only in this way can the success rate of the private sector investment in public transport be improved efficiently.
Under random utility and utility maximization theory, assuming each unobserved component of utili... more Under random utility and utility maximization theory, assuming each unobserved component of utility follows extreme value distribution, this paper gives how to get the parameters of binary logit model of ces random utility。
Introducing private capital into the public transport system for its sustainable development has ... more Introducing private capital into the public transport system for its sustainable development has been increasing around the world. However, previous research ignores emissions and energy consumption impacts, which are important for private capital investment policy-making. To address this problem, the system dynamic (SD) approach was used to quantitatively analyze the cumulative effects of different private capital investment models in public transport from the environmental perspective. The SD model validity was verified in the case study of Jinan public traffic. Simulation results show that the fuel consumption and emission reductions are obvious when the private capital considering passenger value invests in public transport compared with the no private capital investment and traditional investment models. There are obvious cumulative reductions for fuel consumption, CO 2 , CO, SO 2 , and PM10 emissions for 100 months compared with no private capital investment. This research verifies the superiority of the passenger value investment model in public transport from the environmental point of view, and supplies a theoretical tool for administrators to evaluate the private capital investment effects systematically.
To address the previous researches' shortcomings on private capital investment in public transpor... more To address the previous researches' shortcomings on private capital investment in public transportation, a new private capital investment method in public transportation considering passenger value is proposed. An Evolutionary Game Model (EGM) is constructed to quantify the impacts of private capital investment. Evolutionary Game Theory (EGT) supposes players are bounded rational; therefore EGM is more in accordance with the real situation. Jinan city is detailed as a case study to show how public and private sectors change their strategies. Model results show that the proposed investment strategy is superior to the traditional one and is evolutionary stable, thus the strategy should be encouraged. The EGM established in this paper provides a quantitative analysis tool for administrators and researchers to guide investment strategies of private capital in public transportation and lays the foundation for further research.
In order to better understand how commuters decide departure time considering parking space short... more In order to better understand how commuters decide departure time considering parking space shortage and commuters' bounded rationality, the reference point hypothesis of prospect theory is applied in the departure time decision-making. Commuter personal perception differences, the road congestion situation, destination parking status, and other factors were also analysed in the influence of commuter departure time choice. Based on prospect theory, an experiment was designed to investigate the intention of the commuter departure time choice. The experiment results show that the commuter's travel satisfaction and the departure time choice of the next trip are related to the parking space residual status after the commuter arrives at the destination. The satisfaction degree of the commuter is reduced, with the decrease of the remaining parking spaces. If the commuter is satisfied with the travel result, the commuter's departure time of next trip tends to be later. In the case of illegal parking, different penalty measures may lead to different decisions of next departure time choice. A commuter tends to depart earlier when more severe punishment for illegal parking is enforced. The research results can reveal to some degree the travellers' departure time choice behaviour when they face the risk of no parking spaces and provide a theoretical and practical support for parking management and car travelling decision.
Increasing public transportation subsidies have created fiscal pressures for governments. To ease... more Increasing public transportation subsidies have created fiscal pressures for governments. To ease this financial pressure, Chinese government strongly encourages private capital investment in public transportation. However, previous private capital investments in public transportation operations have largely failed, mainly due to low ticket fares that cannot support sustainable operations. To address this issue, several previous research projects have developedmethods to facilitate private capital investment. The majority of the research focuses on qualitative analysis and value formoney analysis. Our research proposed a newmethod of private capital investment in public transportation operations based on the concept of “passenger value.” The feasibility of the proposed method of private investment was analyzed quantitatively by constructing a bilevel programming model.The model was verified based on a sample analysis of Jinan city traffic. Results showed that effective private capital investment increases the total societal benefit from the public transportation system and additionally that the investment method considering “passenger value” is superior to the traditional one. A quantitative tool was provided by the model to evaluate private capital investment effects, design investment policies, and develop further research.
Releaving traffic congestion by developing public transport as an alternative mode of travel is a... more Releaving traffic congestion by developing public transport as an alternative mode of travel is a common practice all over the world. However, the increasing public transport subsidies have created a financial burden for governments. Encouragingly, private capital supplies an opportunity for public transport in sustainable finance. Previous research mainly focuses on qualitative analysis and money-for-value (MFV) analysis. In this paper, a new investment model is proposed based on the concept ‘passenger value’, and a bi-level programming model (BLPM) is constructed as a quantitative analysis tool. The upper target of BLPM is the total surplus (including the value of time (VOT) of passengers) of the public transport system and the upper constraint is the ticket price. The lower target of BLPM is passenger’s surplus, the lower constraints are service capability and the lowest return rate of the private sector. The public transport of Jinan City, China is taken as a case to quantify the impacts of private capital investment in public transport. Results show that the proposed investment model considering passenger value is superior to the traditional one, and effective private capital investment could increase the total societal benefit of the transportation system. The proposed investment strategy satisfies economic viability and is a financially sustainability strategy. Additionally, travelers should be encouraged to use public transport through improving the service quality and passenger returns. Only in this way can the success rate of the private sector investment in public transport be improved efficiently.
Under random utility and utility maximization theory, assuming each unobserved component of utili... more Under random utility and utility maximization theory, assuming each unobserved component of utility follows extreme value distribution, this paper gives how to get the parameters of binary logit model of ces random utility。
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Papers by Yunqiang Xue
government strongly encourages private capital investment in public transportation. However, previous private capital investments
in public transportation operations have largely failed, mainly due to low ticket fares that cannot support sustainable operations. To
address this issue, several previous research projects have developedmethods to facilitate private capital investment. The majority
of the research focuses on qualitative analysis and value formoney analysis. Our research proposed a newmethod of private capital
investment in public transportation operations based on the concept of “passenger value.” The feasibility of the proposed method
of private investment was analyzed quantitatively by constructing a bilevel programming model.The model was verified based on
a sample analysis of Jinan city traffic. Results showed that effective private capital investment increases the total societal benefit
from the public transportation system and additionally that the investment method considering “passenger value” is superior to
the traditional one. A quantitative tool was provided by the model to evaluate private capital investment effects, design investment
policies, and develop further research.
and money-for-value (MFV) analysis. In this paper, a new investment model is proposed based on the concept ‘passenger value’, and a bi-level programming model (BLPM) is constructed as a quantitative
analysis tool. The upper target of BLPM is the total surplus (including the value of time (VOT) of passengers) of the public transport system and the upper constraint is the ticket price. The lower target
of BLPM is passenger’s surplus, the lower constraints are service capability and the lowest return rate of the private sector. The public transport of Jinan City, China is taken as a case to quantify the impacts
of private capital investment in public transport. Results show that the proposed investment model considering passenger value is superior to the traditional one, and effective private capital investment
could increase the total societal benefit of the transportation system. The proposed investment strategy satisfies economic viability and is a financially sustainability strategy. Additionally, travelers should be encouraged to use public transport through improving the service quality and passenger returns. Only in this way can the success rate of the private sector investment in public transport be improved efficiently.
government strongly encourages private capital investment in public transportation. However, previous private capital investments
in public transportation operations have largely failed, mainly due to low ticket fares that cannot support sustainable operations. To
address this issue, several previous research projects have developedmethods to facilitate private capital investment. The majority
of the research focuses on qualitative analysis and value formoney analysis. Our research proposed a newmethod of private capital
investment in public transportation operations based on the concept of “passenger value.” The feasibility of the proposed method
of private investment was analyzed quantitatively by constructing a bilevel programming model.The model was verified based on
a sample analysis of Jinan city traffic. Results showed that effective private capital investment increases the total societal benefit
from the public transportation system and additionally that the investment method considering “passenger value” is superior to
the traditional one. A quantitative tool was provided by the model to evaluate private capital investment effects, design investment
policies, and develop further research.
and money-for-value (MFV) analysis. In this paper, a new investment model is proposed based on the concept ‘passenger value’, and a bi-level programming model (BLPM) is constructed as a quantitative
analysis tool. The upper target of BLPM is the total surplus (including the value of time (VOT) of passengers) of the public transport system and the upper constraint is the ticket price. The lower target
of BLPM is passenger’s surplus, the lower constraints are service capability and the lowest return rate of the private sector. The public transport of Jinan City, China is taken as a case to quantify the impacts
of private capital investment in public transport. Results show that the proposed investment model considering passenger value is superior to the traditional one, and effective private capital investment
could increase the total societal benefit of the transportation system. The proposed investment strategy satisfies economic viability and is a financially sustainability strategy. Additionally, travelers should be encouraged to use public transport through improving the service quality and passenger returns. Only in this way can the success rate of the private sector investment in public transport be improved efficiently.