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Journal of Advanced Transportation
Volume 2018, Article ID 1580287, 19 pages
https://doi.org/10.1155/2018/1580287
Research Article

Parking Management Efficiency Analysis through Various Charge Schemes for Day-Long Commuting considering Elastic Travel Demand

1College of Urban Railway Transportation, Shanghai University of Engineering Science, 333 Longteng Road, Shanghai 201620, China
2College of Transport & Communications, Shanghai Maritime University, 1550 Haigang Road, Shanghai 201306, China
3School of Economics and Management, Tongji University, 1239 Siping Road, Shanghai 200092, China

Correspondence should be addressed to Jing Wang; nc.ude.seus@gnawgnij

Received 15 June 2017; Revised 16 November 2017; Accepted 4 December 2017; Published 23 January 2018

Academic Editor: Ángel Ibeas

Copyright © 2018 Jing Wang et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

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.