Lightning Talk 1: Transit Fares Integrating Alternative Modes as a Delay Insurance
Title: Transit Fares Integrating Alternative Modes as a Delay Insurance
Authors: Yihe Zhou, Wenzhe Sun, Jan-Dirk Schmöcker
Abstract: Public transport (PT) fare policy remains subject to innovations, not least evident in the Mobility as a Service discussion. Mode integration and related fare strategies can be used to increase the attractiveness of PT by compensating for potential delays. This study proposes “premium fares” as a novel pricing tool that can evaluate and improve the...
Keywords: Travel time reliability; Delay insurance; Premium fare; Integrated multimodal transport; Nonlinear and dynamic programming