Research Article

Bilevel Programming Model of Private Capital Investment in Urban Public Transportation: Case Study of Jinan City

Table 3

Results.

Whether or not to consider the lower constraintsSituation of private capital involvementBus ticket price
(yuan)
BRT ticket
price
(yuan)
Bus departure frequency
(shifts/hour)
BRT departure frequency
(shifts/hour)
Objective value
(yuan)

Not considering
lower constraints
Without private capital2.982463891
Traditional investment2.752464152
Investment with returns2.672464187

Considering lower constraintsWithout private capital1215202737
Traditional investment1215203457
Investment with returns1215203488