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@inproceedings{1199103,
author = {Krčál, Ondřej},
address = {Olomouc},
booktitle = {32nd International Conference Mathematical Methods in Eocnomics Conference Proceedings},
edition = {1.},
editor = {Jana Talašová, Jan Stoklasa, Tomáš Talášek},
keywords = {simulation; rail; monopoly; Salop; fare; timetable},
howpublished = {paměťový nosič},
language = {eng},
location = {Olomouc},
isbn = {978-80-244-4209-9},
pages = {495-499},
publisher = {Palacký University},
title = {Finding optimum fares and timetables in a monopoly rail market with heterogeneous passengers},
url = {http://mme2014.upol.cz/downloads/MME_2014_Proceedings.pdf},
year = {2014}
}
TY - JOUR
ID - 1199103
AU - Krčál, Ondřej
PY - 2014
TI - Finding optimum fares and timetables in a monopoly rail market with heterogeneous passengers
PB - Palacký University
CY - Olomouc
SN - 9788024442099
KW - simulation
KW - rail
KW - monopoly
KW - Salop
KW - fare
KW - timetable
UR - http://mme2014.upol.cz/downloads/MME_2014_Proceedings.pdf
N2 - This paper presents an agent-based model of passenger rail services. In the model, passengers are uniformly distributed on a circle representing the preferred departure times and passengers on each position of the circle have uniformly distributed reservation prices. The passengers choose the train with the lowest fare plus transport cost, given the sum of fare and transport cost is lower than their reser-vation prices. The paper provides algorithms which can be used for finding fares and timetable of a monopoly train operating company that maximizes its total profit and total welfare in realistic market settings. The efficiency of the algorithms is tested against the analytical solution of the model. The paper finds that the algorithm approximates the theoretical fare, number of trains and their departure times efficiently.
ER -
KRČÁL, Ondřej. Finding optimum fares and timetables in a monopoly rail market with heterogeneous passengers. In Jana Talašová, Jan Stoklasa, Tomáš Talášek. \textit{32nd International Conference Mathematical Methods in Eocnomics Conference Proceedings}. 1st ed. Olomouc: Palacký University, 2014, p.~495-499. ISBN~978-80-244-4209-9.
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