Research Article
The Research on Ticket Fare Optimization for China’s High-Speed Train
Table 2
Reference price strategy and the revenue.
| | Product | Price (yuan) | Price elasticity of demand | Demand density | Duration (day) | | | | | | | |
| | Beijing-Nanjing | 443.5 | 1.3 | 1.1 | 24 | 113 | 8 | 1.583 | | Beijing-Shanghai | 553 | 1.3 | 1.1 | 45 | 148 | 8 | 1.583 | | Nanjing-Shanghai | 134.5 | 1.3 | 1.1 | 7 | 290 | 9 | 0.583 |
| | Passenger traffic | 1197 | | Revenue (yuan) | 524,337 |
|
|
