With the deepening of concept of urban agglomerations and the gradual development of the China’s urbanization, China’s urban intercity railway is also planning to enter the big construction phase. And with the development of inter-city railway the contradictory between immature pricing theory and rapid formation of intercity railway network has also increasingly been prominent. Ticket revenue is the main source of income for intercity railway and the income is mainly determined by the price and number of passengers. What we want is the best price so the price is the only variable quantity in this paper. The number of passengers is determined by the share rate. Therefore, this paper introduce random utility theory to solve the intercity rail passenger share rate. Share rate is affected by these five factors: price, speed, convenience, comfort and safety. This paper will use AHP to solve weights in random utility. At last the intercity railway benefits will be represented by a function where the intercity rail fare rate is only variable quantity. When this function takes the maximum value we can obtain the best price.


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    Title :

    Analysis for Deciding Intercity Rail Fares


    Contributors:
    Chen, Jiawei (author) / Lu, Canjun (author) / Wang, Wei (author)

    Conference:

    Fifth International Conference on Transportation Engineering ; 2015 ; Dailan, China


    Published in:

    ICTE 2015 ; 2017-2025


    Publication date :

    2015-09-25




    Type of media :

    Conference paper


    Type of material :

    Electronic Resource


    Language :

    English



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