Parking Management Efficiency Analysis through Various Charge Schemes for Day-Long Commuting considering Elastic Travel Demand
In this paper, we investigate the travel pattern of the day-long commuting in a bisection bottleneck network and the efficiency of pricing schemes with elastic travel demand. We extend the Vickrey model to morning and evening commutes and allow commuters to arrive at workplace late and depart from w...
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| Format: | Article |
| Language: | English |
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Wiley
2018-01-01
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| Series: | Journal of Advanced Transportation |
| Online Access: | http://dx.doi.org/10.1155/2018/1580287 |
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| author | Jing Wang Chaowu Tan Zhigang Liu |
| author_facet | Jing Wang Chaowu Tan Zhigang Liu |
| author_sort | Jing Wang |
| collection | DOAJ |
| description | In this paper, we investigate the travel pattern of the day-long commuting in a bisection bottleneck network and the efficiency of pricing schemes with elastic travel demand. We extend the Vickrey model to morning and evening commutes and allow commuters to arrive at workplace late and depart from workplace early. The parking searching time is considered in the morning commute. Next, we derive the independent morning and evening commuting travel patterns without road toll and parking fee. Then, we propose three pricing regimes: duration dependent parking fees; optimal time-varying road tolls; optimal time-varying road tolls with duration dependent parking fees. We compare the efficiency of the four schemes with elastic demand. Theoretical analysis and the numerical examples show that optimal time-varying road toll is the most efficient pricing scheme. Charging a duration dependent fee neither improves nor deteriorates the scheme of time-varying road toll, if the toll rates are appropriately set. The regime of duration dependent parking fee only is less efficient than the regime of independent morning and evening commuting travel patterns without road toll and parking fee. In the regime of duration dependent parking fee, the social surplus decreases with the increase of duration dependent parking fee rate. |
| format | Article |
| id | doaj-art-cf9afcb111ca403ea5d2f600916c3cd1 |
| institution | Kabale University |
| issn | 0197-6729 2042-3195 |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Advanced Transportation |
| spelling | doaj-art-cf9afcb111ca403ea5d2f600916c3cd12025-02-03T05:50:57ZengWileyJournal of Advanced Transportation0197-67292042-31952018-01-01201810.1155/2018/15802871580287Parking Management Efficiency Analysis through Various Charge Schemes for Day-Long Commuting considering Elastic Travel DemandJing Wang0Chaowu Tan1Zhigang Liu2College of Urban Railway Transportation, Shanghai University of Engineering Science, 333 Longteng Road, Shanghai 201620, ChinaCollege of Transport & Communications, Shanghai Maritime University, 1550 Haigang Road, Shanghai 201306, ChinaCollege of Urban Railway Transportation, Shanghai University of Engineering Science, 333 Longteng Road, Shanghai 201620, ChinaIn this paper, we investigate the travel pattern of the day-long commuting in a bisection bottleneck network and the efficiency of pricing schemes with elastic travel demand. We extend the Vickrey model to morning and evening commutes and allow commuters to arrive at workplace late and depart from workplace early. The parking searching time is considered in the morning commute. Next, we derive the independent morning and evening commuting travel patterns without road toll and parking fee. Then, we propose three pricing regimes: duration dependent parking fees; optimal time-varying road tolls; optimal time-varying road tolls with duration dependent parking fees. We compare the efficiency of the four schemes with elastic demand. Theoretical analysis and the numerical examples show that optimal time-varying road toll is the most efficient pricing scheme. Charging a duration dependent fee neither improves nor deteriorates the scheme of time-varying road toll, if the toll rates are appropriately set. The regime of duration dependent parking fee only is less efficient than the regime of independent morning and evening commuting travel patterns without road toll and parking fee. In the regime of duration dependent parking fee, the social surplus decreases with the increase of duration dependent parking fee rate.http://dx.doi.org/10.1155/2018/1580287 |
| spellingShingle | Jing Wang Chaowu Tan Zhigang Liu Parking Management Efficiency Analysis through Various Charge Schemes for Day-Long Commuting considering Elastic Travel Demand Journal of Advanced Transportation |
| title | Parking Management Efficiency Analysis through Various Charge Schemes for Day-Long Commuting considering Elastic Travel Demand |
| title_full | Parking Management Efficiency Analysis through Various Charge Schemes for Day-Long Commuting considering Elastic Travel Demand |
| title_fullStr | Parking Management Efficiency Analysis through Various Charge Schemes for Day-Long Commuting considering Elastic Travel Demand |
| title_full_unstemmed | Parking Management Efficiency Analysis through Various Charge Schemes for Day-Long Commuting considering Elastic Travel Demand |
| title_short | Parking Management Efficiency Analysis through Various Charge Schemes for Day-Long Commuting considering Elastic Travel Demand |
| title_sort | parking management efficiency analysis through various charge schemes for day long commuting considering elastic travel demand |
| url | http://dx.doi.org/10.1155/2018/1580287 |
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