Research on Competitive Ticket Pricing of China’s High Speed Rail——A Case Study of Beijing - Shanghai High - speed Railway

Jiang, Li; Rong, Wu

doi:10.1088/1757-899x/392/6/062138

Cited by 3 publications

(5 citation statements)

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“…In our planning horizon, the maximum number of passengers who want to travel by HSR in each group is listed in Table 5. Evidently, there 9), (21) W j j3 M j j3 R wm j j Constraints (11) 23jKj3 S j j Constraint (13) jKj3( S j j À 1) Constraint (14) 23jKj3 W j j Constraint (15) jKj3 W j j3( W j j À 1) Constraints ( 18) K j j3 W j j3 M j j Constraints ( 10), ( 19), ( 20), ( 25), ( 26) 16), (17) jKj3 W j j Constraints (23) jWj3 M j j3( M j j À 1) Constraints ( 24) W j j3 M j j3 R wm j j3( R wm j jÀ 1) Constraint (12) 1…”

Section: Input Datamentioning

confidence: 99%

“…Owing to the complementary relationship between ticket allocation and ticket pricing, the collaborative optimization of these two problems has attracted the attention of researchers. Hetrakul and Cirillo 13 and Li 15 formulated optimization models for the integrated problem. The objectives were to maximize the total revenue, and the train capacity and passenger choice constraints were considered.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Equation ( 14) specifies the lower and upper limits of the ticket price f k w . Equation (15) ensures that f k w 1 must be larger/smaller than f k w 2 when the distance l w 1 is larger/ smaller than l w 2 .…”

Section: System Constraintsmentioning

confidence: 99%

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Integrated optimization of train stop planning and ticket pricing with equity concerns of passengers for high-speed railways

Xia

Wang

et al. 2022

Measurement and Control

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Ticket pricing, which is critical to increasing the revenue for high-speed railways, is typically optimized with a given train stop plan. However, the passenger distributions are restricted by fixed train stop plans, and the optimal ticket price scheme may not be achieved. Therefore, a mixed-integer linear programming model is proposed to optimize collaboratively train stop planning and ticket pricing in this study. The objective is to maximize the total ticket revenue, while the total number of train stops is limited to guarantee service quality. Furthermore, equity concerns of passengers are addressed by ensuring that passengers have equitable travel costs and opportunities to access high-speed railways. Finally, numerical experiments are conducted on a hypothetical railway line and the Zhengzhou-Xi’an high-speed railway corridor to demonstrate the application of the proposed approach. The computational results indicate that the proposed method can increase the total ticket revenue by 27% through adding 14 train stops and formulating a new ticket price scheme compared to the traditional method. In addition, the equity performance can be kept at a level of 1.5.

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Section: Input Datamentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Integrated optimization of train stop planning and ticket pricing with equity concerns of passengers for high-speed railways

Xia

Wang

et al. 2022

Measurement and Control

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“…It means that the expected investment rate ranges from VND 155 billion/km to VND 286 billion/km depending on the terrain conditions of each section [27]. When train speed increases, the construction cost also increases, and the ratio of cost components to total investment can be found in the studies [25,28,29].…”

Section: Total Investment In Rail Infrastructure Developmentmentioning

confidence: 99%

Research on Public-Private Partnership (PPP) Investment under Build - Operate - Transfer (BOT) and Build-Lease-Transfer (BLT) Contract Types in the High-Speed North-South Rail Project (HSR), the Hanoi - Vinh Line

Dung,

Hai

2024

TOTJ

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Introduction The North-South high-speed rail development is a completely new field in Vietnam. Calculations show that Vietnam's high-speed rail system will attract a significant amount of investment, which is 4-5 times higher than developing highways, and the annual operation and maintenance costs are three times higher. Methods Public-Private Partnership (PPP) investment is effective and required to ease the strain on the state budget. This research aims to build a database for calculating the financial efficiency of the high-speed rail project (Hanoi -Vinh line), thereby establishing a mechanism for sharing benefits and risks between the state and investors through financial scenarios: applying Build - Operate - Transfer (BOT) contracts with state participation rates of 50% and 80%, respectively. Results The qualitative research method is used to determine the indicators influencing the project's benefits and costs, assume and adjust economic, financial, and fare parameters based on Vietnam's actual conditions, and investigate and survey the affected areas to assess passenger transport demand. Conclusion Furthermore, the financial efficiency of the project is calculated, and various participation options for the parties involved are proposed to attract investors.

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“…Considering the sensitivity of demand to price, Qin et al [29] took elastic passenger flow demand and the optimal ticket price as decision variables and studied the cooperative optimization of railway ticket pricing and allocation; Xu et al [30] considered that the demand was sensitive to the ticket price, and a non-concave and non-linear mixed integer optimization model was then formulated for the ticket-pricing and allocation problem to maximize the railway ticket revenue; Song et al [31] considered the time distribution law of passengers' ticketpurchasing behavior during the pre-sale period and considered the randomness of demand, and then introduced a robust optimization method to solve the model. However, Bo Li [32] and Zhu et al [33] established different joint decision models of dynamic pricing and ticket allocation for the HSR, aiming at solving some problems wherein ticket prices were fixed during the pre-sale period and the revenue could not be increased. Fang et al [34] innovatively took the high-speed freight electric multiple unit train as a research object, applied the revenue management theory to the research of high-speed railway express product under the competitive environment, and proposed a comprehensive decision model based on a sharing rate model.…”

Section: Joint Optimization Of Ticket Allocation and Dynamic Pricingmentioning

confidence: 99%

Joint Optimization of Ticket Pricing and Allocation on High-Speed Railway Based on Dynamic Passenger Demand during Pre-Sale Period: A Case Study of Beijing–Shanghai HSR

et al. 2022

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Against the background of the gradual deepening of China Railway’s market-oriented reform, and in order to improve the revenue and competitiveness for high-speed railway (HSR) passenger transport, this paper studies the joint optimization problem of the high-speed railway ticket pricing and allocation considering the dynamic demand characteristics of passengers during the pre-sale period. Firstly, we use the compound non-homogeneous Poisson process to describe the passengers' ticket-purchasing process and use the sparse method to simulate the passengers' ticket demand during the pre-sale period. Secondly, taking the ticket pricing and allocation as the decision variables and considering the full utilization of the train seat capacity, a stochastic nonlinear-programming mathematical model is established with the goal of maximizing the train revenue. A particle swarm algorithm is designed to solve the model. Finally, this study takes the G19 train running on the Beijing–Shanghai HSR in China as a case study to verify the effectiveness of the model and algorithm. The results show that the joint optimization scheme of ticket pricing and allocation considering dynamic demand yields a revenue of CNY 601,881, which increases the revenue by 1.01% with a small adjustment of the price compared with the fixed ticket price and pre-allocation scheme. This study provides scientific support for the decisions made by railway transportation enterprises, which is conducive to further increasing the potential ticket revenue and promoting sustainable development.

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Research on Competitive Ticket Pricing of China’s High Speed Rail——A Case Study of Beijing - Shanghai High - speed Railway

Cited by 3 publications

References 0 publications

Integrated optimization of train stop planning and ticket pricing with equity concerns of passengers for high-speed railways

Integrated optimization of train stop planning and ticket pricing with equity concerns of passengers for high-speed railways

Research on Public-Private Partnership (PPP) Investment under Build - Operate - Transfer (BOT) and Build-Lease-Transfer (BLT) Contract Types in the High-Speed North-South Rail Project (HSR), the Hanoi - Vinh Line

Joint Optimization of Ticket Pricing and Allocation on High-Speed Railway Based on Dynamic Passenger Demand during Pre-Sale Period: A Case Study of Beijing–Shanghai HSR

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