Research Article
Bilevel Programming Model of Private Capital Investment in Urban Public Transportation: Case Study of Jinan City
| Whether or not to consider the lower constraints | Situation of private capital involvement | Bus 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 capital | 2.98 | 2 | 4 | 6 | 3891 | Traditional investment | 2.75 | 2 | 4 | 6 | 4152 | Investment with returns | 2.67 | 2 | 4 | 6 | 4187 |
| Considering lower constraints | Without private capital | 1 | 2 | 15 | 20 | 2737 | Traditional investment | 1 | 2 | 15 | 20 | 3457 | Investment with returns | 1 | 2 | 15 | 20 | 3488 |
|
|