Summary
The fare planning problem for public transport is to design a system of fares that maximize the revenue. We introduce a nonlinear optimization model to approach this problem. It is based on a discrete choice logit model that expresses demand as a function of the fares. We illustrate our approach by computing and comparing two different fare systems for the intercity network of the Netherlands.
Supported by the DFG Research Center Matheon “Mathematics for key technologies” in Berlin
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Borndörfer, R., Neumann, M., Pfetsch, M.E. (2006). Optimal Fares for Public Transport. In: Haasis, HD., Kopfer, H., Schönberger, J. (eds) Operations Research Proceedings 2005. Operations Research Proceedings, vol 2005. Springer, Berlin, Heidelberg . https://doi.org/10.1007/3-540-32539-5_93
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DOI: https://doi.org/10.1007/3-540-32539-5_93
Publisher Name: Springer, Berlin, Heidelberg
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