Analysis of the Impacts of Passenger Demand on the Profitability of Different Types of Urban Rail Transit
With the rapid development of urban rail transit (URT) in China, a contradiction between high costs and low passenger demand becomes prominent. Complete analysis of the impacts of passenger demand on the profitability of URT can be difficult to conduct, due to the multifaceted impact of passenger de...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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University of Zagreb, Faculty of Transport and Traffic Sciences
2023-02-01
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| Series: | Promet (Zagreb) |
| Subjects: | |
| Online Access: | https://traffic2.fpz.hr/index.php/PROMTT/article/view/215 |
| _version_ | 1828011728981458944 |
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| author | Qi Zhou Baohua Mao Sairong Peng Junsheng Huang Peining Tian |
| author_facet | Qi Zhou Baohua Mao Sairong Peng Junsheng Huang Peining Tian |
| author_sort | Qi Zhou |
| collection | DOAJ |
| description | With the rapid development of urban rail transit (URT) in China, a contradiction between high costs and low passenger demand becomes prominent. Complete analysis of the impacts of passenger demand on the profitability of URT can be difficult to conduct, due to the multifaceted impact of passenger demand with multidimensional characteristics. To this end, we propose a strategy that helps to analyse the profitability of different types of URT, taking into account the spatial and temporal characteristics of demand. Based on data of the Shunde (SD) district in China, the profitability of metro, light rail transit (LRT), monorail and tram was evaluated. Results show the profitability under different demand levels. Tram might be the best choice at low demand levels. At medium demand levels, LRT and monorail are competitive. At high demand levels, LRT with medium to high capacity and low cost is a good alternative to metro, though the capacity of metro is higher. Utilizing the URT with high capacity under insufficient demand can aggravate the burden of depreciation, and make it hard to achieve profit. The spatial characteristics of the demand described in this paper reflect the problem of insufficient demand in marginal areas due to the diversified construction of URT. |
| first_indexed | 2024-04-10T09:20:34Z |
| format | Article |
| id | doaj.art-176ed5a928a74df8924cc818aecfb7a1 |
| institution | Directory Open Access Journal |
| issn | 0353-5320 1848-4069 |
| language | English |
| last_indexed | 2024-04-10T09:20:34Z |
| publishDate | 2023-02-01 |
| publisher | University of Zagreb, Faculty of Transport and Traffic Sciences |
| record_format | Article |
| series | Promet (Zagreb) |
| spelling | doaj.art-176ed5a928a74df8924cc818aecfb7a12023-02-20T12:32:06ZengUniversity of Zagreb, Faculty of Transport and Traffic SciencesPromet (Zagreb)0353-53201848-40692023-02-01351718610.7307/ptt.v35i1.4185215Analysis of the Impacts of Passenger Demand on the Profitability of Different Types of Urban Rail TransitQi Zhou0Baohua Mao1Sairong Peng2Junsheng Huang3Peining Tian4Key Laboratory of Transport Industry of Big Data, Application Technologies for Comprehensive Transport, Beijing Jiaotong UniversityKey Laboratory of Transport Industry of Big Data, Application Technologies for Comprehensive Transport, Beijing Jiaotong UniversitySignal & Communication Research Institute, China Academy of Railway ScienceKey Laboratory of Transport Industry of Big Data, Application Technologies for Comprehensive Transport, Beijing Jiaotong UniversityKey Laboratory of Transport Industry of Big Data, Application Technologies for Comprehensive Transport, Beijing Jiaotong UniversityWith the rapid development of urban rail transit (URT) in China, a contradiction between high costs and low passenger demand becomes prominent. Complete analysis of the impacts of passenger demand on the profitability of URT can be difficult to conduct, due to the multifaceted impact of passenger demand with multidimensional characteristics. To this end, we propose a strategy that helps to analyse the profitability of different types of URT, taking into account the spatial and temporal characteristics of demand. Based on data of the Shunde (SD) district in China, the profitability of metro, light rail transit (LRT), monorail and tram was evaluated. Results show the profitability under different demand levels. Tram might be the best choice at low demand levels. At medium demand levels, LRT and monorail are competitive. At high demand levels, LRT with medium to high capacity and low cost is a good alternative to metro, though the capacity of metro is higher. Utilizing the URT with high capacity under insufficient demand can aggravate the burden of depreciation, and make it hard to achieve profit. The spatial characteristics of the demand described in this paper reflect the problem of insufficient demand in marginal areas due to the diversified construction of URT.https://traffic2.fpz.hr/index.php/PROMTT/article/view/215urban rail transitprofitabilitylight rail transitpassenger demandspatial characteristic |
| spellingShingle | Qi Zhou Baohua Mao Sairong Peng Junsheng Huang Peining Tian Analysis of the Impacts of Passenger Demand on the Profitability of Different Types of Urban Rail Transit Promet (Zagreb) urban rail transit profitability light rail transit passenger demand spatial characteristic |
| title | Analysis of the Impacts of Passenger Demand on the Profitability of Different Types of Urban Rail Transit |
| title_full | Analysis of the Impacts of Passenger Demand on the Profitability of Different Types of Urban Rail Transit |
| title_fullStr | Analysis of the Impacts of Passenger Demand on the Profitability of Different Types of Urban Rail Transit |
| title_full_unstemmed | Analysis of the Impacts of Passenger Demand on the Profitability of Different Types of Urban Rail Transit |
| title_short | Analysis of the Impacts of Passenger Demand on the Profitability of Different Types of Urban Rail Transit |
| title_sort | analysis of the impacts of passenger demand on the profitability of different types of urban rail transit |
| topic | urban rail transit profitability light rail transit passenger demand spatial characteristic |
| url | https://traffic2.fpz.hr/index.php/PROMTT/article/view/215 |
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