Research Article
Integrated Optimization of Bus Line Fare and Operational Strategies Using Elastic Demand
Table 5
Results of two objectives with and without optimal strategies based on a differential fare table.
| | | Type | Frequency
(buses/h) | Round trip time
(min) | Demand
(passengers/h) | Unit fare
($/km) | Fleet size
(buses) | Operator profit
($/h) | Consumer surplus
($/h) | Objective function value
($/h) |
| | Optimal strategies | FRO | 13.0 | 137.4 | 6439 | 0.50 | 60 | | 23957.6 | 20823.1 | | Limited stop | 14.8 | 122.8 | | Without strategies | FRO | 24.1 | 137.4 | 6315 | 0.51 | 55 | | 23185.8 | 20174.9 |
| | | | | | 124 | | 5 | | 771.8 | 648.2 |
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