Future contactless payment options for transport for London : demand, cost, equity, and fair policy implications
Thesis (S.M.)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2007.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2008
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| Online Access: | http://hdl.handle.net/1721.1/40380 |
| _version_ | 1826199271409451008 |
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| author | Dorfman, Matthew James |
| author2 | George Kocur and Nigel H.M. Wilson. |
| author_facet | George Kocur and Nigel H.M. Wilson. Dorfman, Matthew James |
| author_sort | Dorfman, Matthew James |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2007. |
| first_indexed | 2024-09-23T11:17:07Z |
| format | Thesis |
| id | mit-1721.1/40380 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T11:17:07Z |
| publishDate | 2008 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/403802022-01-31T19:42:35Z Future contactless payment options for transport for London : demand, cost, equity, and fair policy implications Dorfman, Matthew James George Kocur and Nigel H.M. Wilson. Massachusetts Institute of Technology. Technology and Policy Program. Massachusetts Institute of Technology. Engineering Systems Division Technology and Policy Program Technology and Policy Program. Thesis (S.M.)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2007. Includes bibliographical references (p. 117-120). This thesis assesses fare payment technologies for Transport for London in 2015. Based on a survey of technical literature, feasible payments technologies in 2015 include current smartcard technology, contactless bankcards and near-field communication (NFC) mobile phones. Five fare payment options based on these three technologies are proposed. Options 1-3 use contactless bankcards and NFC phones as the fare medium. Option 1 requires tap-in only and uses flat fares; it is a standard retail transaction. Option 2 is like Option 1 but adds a rebate program to approximate the effects of passes and transfer discounts. Option 3 requires users to tap-in and tap-out, and supports traditional transit fares. Option 4 continues the current use of a proprietary smartcard to implement traditional transit fare structures. Option 5 uses a vehicle-based smartcard reader that does not require barriers or fareboxes; it supports traditional transit fare structures and path- and service-based pricing. The five options are evaluated on four dimensions: cost, demand, equity, and fare policy. Options 1-3 have significantly lower costs due to the use of commercial payment media. Option 4's costs are similar to current costs. (cont.) Option 5 is significantly more expensive and offers few benefits for London. To analyze demand, an incremental logit demand model was created. It shows that under conservative assumptions about passenger behavior, option 1 generates a moderate loss in revenue and ridership, while under more generous assumptions, a moderate gain occurs. Options 2 through 5 result in small changes in ridership or revenue. All five options maintain or potentially improve passenger equity, especially if passes requiring up-front payment are de-emphasized, allowing lower income travelers to obtain the best fares. Options 2 and 3 offer the greatest opportunity for customer service improvement and cost savings. Option 1 has a higher demand risk and decreased fare policy flexibility. Option 4 has limited potential for cost saving or revenue increase, and Option 5 is prohibitively expensive. Peak pricing is also investigated, and is shown to offer some benefits in creating available capacity. by Matthew Dorfman. S.M. 2008-02-27T22:17:31Z 2008-02-27T22:17:31Z 2007 2007 Thesis http://hdl.handle.net/1721.1/40380 191100632 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 120 p. application/pdf Massachusetts Institute of Technology |
| spellingShingle | Technology and Policy Program. Dorfman, Matthew James Future contactless payment options for transport for London : demand, cost, equity, and fair policy implications |
| title | Future contactless payment options for transport for London : demand, cost, equity, and fair policy implications |
| title_full | Future contactless payment options for transport for London : demand, cost, equity, and fair policy implications |
| title_fullStr | Future contactless payment options for transport for London : demand, cost, equity, and fair policy implications |
| title_full_unstemmed | Future contactless payment options for transport for London : demand, cost, equity, and fair policy implications |
| title_short | Future contactless payment options for transport for London : demand, cost, equity, and fair policy implications |
| title_sort | future contactless payment options for transport for london demand cost equity and fair policy implications |
| topic | Technology and Policy Program. |
| url | http://hdl.handle.net/1721.1/40380 |
| work_keys_str_mv | AT dorfmanmatthewjames futurecontactlesspaymentoptionsfortransportforlondondemandcostequityandfairpolicyimplications |