Parking Space Reservation Behavior of Car Travelers from the Perspective of Bounded Rationality: A Case Study of Nanchang City, China

For travelers who inevitably use motor vehicles, in the case of limited parking spaces, reserving parking spaces in destination in advance helps reduce the time and emissions of searching for parking spaces and alleviate road traffic pressure. From the perspective of bounded rationality, this paper...

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Main Authors: Yunqiang Xue, Lin Cheng, Ping Lin, Jing An, Hongzhi Guan
Format: Article
Language:English
Published: Wiley 2020-01-01
Series:Journal of Advanced Transportation
Online Access:http://dx.doi.org/10.1155/2020/8851372
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author Yunqiang Xue
Lin Cheng
Ping Lin
Jing An
Hongzhi Guan
author_facet Yunqiang Xue
Lin Cheng
Ping Lin
Jing An
Hongzhi Guan
author_sort Yunqiang Xue
collection DOAJ
description For travelers who inevitably use motor vehicles, in the case of limited parking spaces, reserving parking spaces in destination in advance helps reduce the time and emissions of searching for parking spaces and alleviate road traffic pressure. From the perspective of bounded rationality, this paper comprehensively considers the impact of traveler’s personal attributes and behavioral characteristics on parking reservations. The data processing analysis shows that the traveler’s age, gender, monthly income, and other characteristics have a certain impact on the parking reservation choice behavior. Reservation price is the key factor affecting the parking reservation policy. Travelers show different value perceptions of the reserved price of parking spaces, and this process has been verified to be roughly the same as the prospect theoretical model. As the reference point for highest reservation price becomes larger, travelers tend to choose to pay less than the ideal reservation price and become more sensitive to losses. It can be found from the model functions and survey data that the ideal reserved parking space price in the survey area is 5 yuan per hour which equals the normal parking fee, and the ideal parking reservation time is less than 2 hours. The research results provide a basis for formulating reasonable parking reservation schemes and parking policies.
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institution OA Journals
issn 0197-6729
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language English
publishDate 2020-01-01
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series Journal of Advanced Transportation
spelling doaj-art-30bbf6eeea37457ea3cfe20175b145b02025-08-20T02:38:56ZengWileyJournal of Advanced Transportation0197-67292042-31952020-01-01202010.1155/2020/88513728851372Parking Space Reservation Behavior of Car Travelers from the Perspective of Bounded Rationality: A Case Study of Nanchang City, ChinaYunqiang Xue0Lin Cheng1Ping Lin2Jing An3Hongzhi Guan4School of Transportation, Southeast University, Nanjing 211102, ChinaSchool of Transportation, Southeast University, Nanjing 211102, ChinaWuhan Hengshuntong Survey and Design Co., Ltd., Wuhan 430050, ChinaCollege of Transportation and Logistics, East China JiaoTong University, Nanchang 330013, ChinaCollege of Transportation and Logistics, East China JiaoTong University, Nanchang 330013, ChinaFor travelers who inevitably use motor vehicles, in the case of limited parking spaces, reserving parking spaces in destination in advance helps reduce the time and emissions of searching for parking spaces and alleviate road traffic pressure. From the perspective of bounded rationality, this paper comprehensively considers the impact of traveler’s personal attributes and behavioral characteristics on parking reservations. The data processing analysis shows that the traveler’s age, gender, monthly income, and other characteristics have a certain impact on the parking reservation choice behavior. Reservation price is the key factor affecting the parking reservation policy. Travelers show different value perceptions of the reserved price of parking spaces, and this process has been verified to be roughly the same as the prospect theoretical model. As the reference point for highest reservation price becomes larger, travelers tend to choose to pay less than the ideal reservation price and become more sensitive to losses. It can be found from the model functions and survey data that the ideal reserved parking space price in the survey area is 5 yuan per hour which equals the normal parking fee, and the ideal parking reservation time is less than 2 hours. The research results provide a basis for formulating reasonable parking reservation schemes and parking policies.http://dx.doi.org/10.1155/2020/8851372
spellingShingle Yunqiang Xue
Lin Cheng
Ping Lin
Jing An
Hongzhi Guan
Parking Space Reservation Behavior of Car Travelers from the Perspective of Bounded Rationality: A Case Study of Nanchang City, China
Journal of Advanced Transportation
title Parking Space Reservation Behavior of Car Travelers from the Perspective of Bounded Rationality: A Case Study of Nanchang City, China
title_full Parking Space Reservation Behavior of Car Travelers from the Perspective of Bounded Rationality: A Case Study of Nanchang City, China
title_fullStr Parking Space Reservation Behavior of Car Travelers from the Perspective of Bounded Rationality: A Case Study of Nanchang City, China
title_full_unstemmed Parking Space Reservation Behavior of Car Travelers from the Perspective of Bounded Rationality: A Case Study of Nanchang City, China
title_short Parking Space Reservation Behavior of Car Travelers from the Perspective of Bounded Rationality: A Case Study of Nanchang City, China
title_sort parking space reservation behavior of car travelers from the perspective of bounded rationality a case study of nanchang city china
url http://dx.doi.org/10.1155/2020/8851372
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