Modelling the Effects of Parking Charge and Supply Policy Using System Dynamics Method

Reasonable parking charge and supply policy are essential for the regular operation of the traffic in city center. This paper develops an evaluation model for parking policies using system dynamics. A quantitative study is conducted to examine the effects of parking charge and supply policy on traff...

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Main Authors: Zhenyu Mei, Qifeng Lou, Wei Zhang, Lihui Zhang, Fei Shi
Format: Article
Language:English
Published: Wiley 2017-01-01
Series:Journal of Advanced Transportation
Online Access:http://dx.doi.org/10.1155/2017/6463586
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author Zhenyu Mei
Qifeng Lou
Wei Zhang
Lihui Zhang
Fei Shi
author_facet Zhenyu Mei
Qifeng Lou
Wei Zhang
Lihui Zhang
Fei Shi
author_sort Zhenyu Mei
collection DOAJ
description Reasonable parking charge and supply policy are essential for the regular operation of the traffic in city center. This paper develops an evaluation model for parking policies using system dynamics. A quantitative study is conducted to examine the effects of parking charge and supply policy on traffic speed. The model, which is composed of three interrelated subsystems, first summarizes the travel cost of each travel mode and then calibrates the travel choice model through the travel mode subsystem. Finally, the subsystem that evaluates the state of traffic forecasts future car speed based on bureau of public roads (BPR) function and generates new travel cost until the entire model reaches a steady state. The accuracy of the model is verified in Hangzhou Wulin business district. The related error of predicted speed is only 2.2%. The results indicate that the regular pattern of traffic speed and parking charge can be illustrated using the proposed model based on system dynamics, and the model infers that reducing the parking supply in core area will increase its congestion level and, under certain parking supply conditions, there exists an interval of possible pricing at which the service reaches a level that is fairly stable.
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spelling doaj-art-fd4eaef333024e74880ec28f145713f12025-08-20T02:22:40ZengWileyJournal of Advanced Transportation0197-67292042-31952017-01-01201710.1155/2017/64635866463586Modelling the Effects of Parking Charge and Supply Policy Using System Dynamics MethodZhenyu Mei0Qifeng Lou1Wei Zhang2Lihui Zhang3Fei Shi4Department of Civil Engineering, Zhejiang University, Hangzhou 310058, ChinaDepartment of Civil Engineering, Zhejiang University, Hangzhou 310058, ChinaDepartment of Civil Engineering, Zhejiang University, Hangzhou 310058, ChinaDepartment of Civil Engineering, Zhejiang University, Hangzhou 310058, ChinaDepartment of Urban Planning, Nanjing University, Nanjing 210093, ChinaReasonable parking charge and supply policy are essential for the regular operation of the traffic in city center. This paper develops an evaluation model for parking policies using system dynamics. A quantitative study is conducted to examine the effects of parking charge and supply policy on traffic speed. The model, which is composed of three interrelated subsystems, first summarizes the travel cost of each travel mode and then calibrates the travel choice model through the travel mode subsystem. Finally, the subsystem that evaluates the state of traffic forecasts future car speed based on bureau of public roads (BPR) function and generates new travel cost until the entire model reaches a steady state. The accuracy of the model is verified in Hangzhou Wulin business district. The related error of predicted speed is only 2.2%. The results indicate that the regular pattern of traffic speed and parking charge can be illustrated using the proposed model based on system dynamics, and the model infers that reducing the parking supply in core area will increase its congestion level and, under certain parking supply conditions, there exists an interval of possible pricing at which the service reaches a level that is fairly stable.http://dx.doi.org/10.1155/2017/6463586
spellingShingle Zhenyu Mei
Qifeng Lou
Wei Zhang
Lihui Zhang
Fei Shi
Modelling the Effects of Parking Charge and Supply Policy Using System Dynamics Method
Journal of Advanced Transportation
title Modelling the Effects of Parking Charge and Supply Policy Using System Dynamics Method
title_full Modelling the Effects of Parking Charge and Supply Policy Using System Dynamics Method
title_fullStr Modelling the Effects of Parking Charge and Supply Policy Using System Dynamics Method
title_full_unstemmed Modelling the Effects of Parking Charge and Supply Policy Using System Dynamics Method
title_short Modelling the Effects of Parking Charge and Supply Policy Using System Dynamics Method
title_sort modelling the effects of parking charge and supply policy using system dynamics method
url http://dx.doi.org/10.1155/2017/6463586
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