Risk-Based Railroad Fare and Road Toll Under Bounded Rational Bi-Modal Equilibrium | Zendy

Wei Wang | Zendy; Lili Ding | Zendy

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Risk-Based Railroad Fare and Road Toll Under Bounded Rational Bi-Modal Equilibrium

Author(s) -

Wei Wang,

Lili Ding

Publication year - 2018

Publication title -

ieee access

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.587

H-Index - 127

ISSN - 2169-3536

DOI - 10.1109/access.2018.2867105

Subject(s) - aerospace , bioengineering , communication, networking and broadcast technologies , components, circuits, devices and systems , computing and processing , engineered materials, dielectrics and plasmas , engineering profession , fields, waves and electromagnetics , general topics for engineers , geoscience , nuclear engineering , photonics and electrooptics , power, energy and industry applications , robotics and control systems , signal processing and analysis , transportation

This paper considers modal split in daily travel when there is a railroad parallel to a bottleneck-constrained road between home and a workplace. We examine the optimality and efficiency of different railroad fare and road toll (RFRT) schemes with the boundedly rational mode choice behavior of travelers. Under such behavior, commuters do not necessarily choose the mode of which the travel cost is absolutely lower than the mode of the other. A general definition of boundedly rational bi-modal equilibrium (BRBE) is presented. As the BRBE solution is not unique, the best-, worst- and average-case total travel costs under BRBE for a given RFRT scheme are proposed. The performance of each RFRT policy under different traveler levels of BR in mode choice behavior is also examined. The numerical results illustrate that system travel costs may be uncertain within the BRBE set, and the proposed RFRT schemes are able to address uncertainty due to the non-unique BRBE solution.

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