Work

Linkage mechanism of public transport subsidy: considering passenger ridership, cost, fare and service quality

Year: 2022

Type: article

Abstract: Under the long-term implementation of the low fare policy for public transport in China, the phenomenon of unsustainable subsidies is increasingly obvious. We take into account three related stakeholders including the public, operators and government, and comprehensively consider various factors affecting public transport subsidies, and establish a linkage mechanism of the subsidy based on passenger ridership, cost, fare and service quality. We propose a combination forecasting model (CFM) composed of quadratic exponential smoothing model (QESM) and Grey theory model (GM) to forecast passenger ridership. The results show that the CFM improves the forecast accuracy of passenger ridership, the factors considered in the linkage mechanism are more comprehensive, and the results are reasonable. By using this linkage mechanism, the government or operators can establish long-term or mid-term development plans to provide a systematic and theoretical reference, which is conducive to the healthy and stable development of public transport.

Source: Transportation Letters

DOI: 10.1080/19427867.2022.2113280

Authors: Chunqin Zhang, Meng Liu, Daoyou Wang, Aning Ni, Guangnian Xiao, Weite Lu

Institutions: Zhejiang Sci-Tech University, Shanghai Jiao Tong University, Shanghai Maritime University

Language: English

Topic: Transportation Planning and Optimization

Subfield: Transportation

Field: Social Sciences

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Sustainable cities and communities

Open Access status: green

Funder: National Natural Science Foundation of China