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Journal of Advanced Transportation
Volume 2019, Article ID 3847837, 9 pages
https://doi.org/10.1155/2019/3847837
Research Article

Impact Analysis of Parking Price Adjustment on the Quality of Service of Airport Parking Lots for Light Vehicles

Cheng Cheng1,2 and Peng Qi2,3

1Key Laboratory of Road and Traffic Engineering of the Ministry of Education, Tongji University, Shanghai 201804, China
2China Transportation Institute at Tongji, No. 1239, Siping Road, Shanghai 200092, China
3College of Electronics and Information Engineering, Tongji University, Shanghai 201804, China

Correspondence should be addressed to Peng Qi; nc.ude.ijgnot@iqp

Received 24 December 2018; Revised 8 May 2019; Accepted 27 May 2019; Published 10 June 2019

Academic Editor: Rocío de Oña

Copyright © 2019 Cheng Cheng and Peng Qi. 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

Pricing is a common measure for parking demand management that has been implemented worldwide. However, the impact of parking price on a parking lot’s quality of service is seldom discussed. This study investigated the impacts of a ladder daily maximum fee charging strategy on the quality of service of the Hongqiao International Airport parking lot based on automatic transaction data before and after the strategy was implemented. An evaluation framework considering managers’ and users’ perspectives was designed. The estimation results show that the new price regulation method largely discouraged long-term parking demand and improved the availability of airport parking facilities, especially during long holidays. As a consequence, throughput and income largely increased in the airport, and there were extra time costs during vehicle departures. The price elasticity of parkers with different parking durations was further estimated. The results showed that price sensitivity is relatively inelastic but varies based on parking duration.