Sensitivity Analysis the Ticket Price of Hangzhou to Shaoxing Intercity Line Based on the Equilibrium Model

Abstract:

Intercity rail transit's ticket prices as the key sensitive factors affect passenger flow, which is related to the accuracy of the prediction.This paper provides a model based on equilibrium price sensitivity analysis method. In order to make clear the relationship between the intercity rail transit ticket price and passenger flow, analysing the average operation time, cost and other influence factors, establishing the utility function to calculate the utility value, according to the equilibrium flow model of passenger flow, we can get the passenger flow of all kinds of transportation under the equilibrium traffic, on this basis, the sensitivity analysis model is used to get the connection between the traffic and the travel ticket in different modes of transport, In the end ,taking Hang-Shao intercity rail transit for example to analysis the sensitivity of the price. The research results show that the model and the algorithm has the higher reliability.

• Periodical: Applied Mechanics and Materials (Volumes 587-589)
• Pages: 2160-2165
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.587-589.2160
• Online since: July 2014
• Authors: Hui Peng, Wei Wei*
• Keywords: Equilibrium Model, Sensitivity Analysis, Ticket Price

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