Research Article
Exploring the Impact of Commuter’s Residential Location Choice on the Design of a Rail Transit Line Based on Prospect Theory
Table 3
Optimal solutions of rail design variables.
| | Optimal solutions in year 3 | Based on prospect theory | Based on utility theory |
| | Rail line length (km) | 23.50 | 25.00 | | Fare (HK$/km) | 11.51 | 12.41 | | Headway (hour) | 0.12 | 0.14 | | Total travel demand (persons/day) | 12,230 | 14,401 | | Social welfare1 (HK$) | 26,669,520 | 24,278,400 |
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The parameter 360 (days) was used to convert daily social welfare to yearly social welfare.
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