Abstract:

     This paper addresses a strategies based transit pricing method. We initially investigate strategies based transit assignment method and the impacts of floating price on passenger volume and transit company income, and then obtain the optimal ticket price satisfying the maximum company income for flexible requirements. We further analyze the impacts of variable fare on traffic flow, traffic demand proportion and transit company income with a Logit model in multiway traffic conditions. The optimal transit price is determined based on transit social welfare. We eventually verify its practicability and effectiveness with a simple transit network.

Key words: transit strategy, traffic volume assignment, multiway traffic, transit pricing