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Article: Modeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city
Title | Modeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city | ||||||||||||||||||
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Authors | |||||||||||||||||||
Keywords | Housing markets Integrated rail-property development Monocentric Rail transit Residential locations | ||||||||||||||||||
Issue Date | 2012 | ||||||||||||||||||
Publisher | Pergamon. The Journal's web site is located at http://www.elsevier.com/locate/trb | ||||||||||||||||||
Citation | Transportation Research Part B: Methodological, 2012, v. 46 n. 6, p. 710-728 How to Cite? | ||||||||||||||||||
Abstract | This paper proposes a new model for investigating the effects of integrated rail and property development on the design of rail line services in a linear monocentric city, in which the property development rights at railway station areas are conferred to a private rail operator. The proposed model allows an explicit consideration of the interaction between two types of agents in the economy: (1) a private rail operator who seeks to optimize rail service variables-rail line length, number and spacing of stations, headway and fare-to maximize its own net profit, which is the sum of revenues from passenger fare-box and property development; and (2) households who choose the residential locations that maximize their own utilities subject to a budget constraint. The solution properties of the proposed model are analyzed, and a heuristic solution algorithm is presented. An illustrative example is used to show the application of the proposed model. The findings show that integrated rail and property development can change a city's land-use pattern and housing market (in terms of housing density, space, and price), and its economic viability is closely related to household income level and residential density of the city. © 2012 . | ||||||||||||||||||
Persistent Identifier | http://hdl.handle.net/10722/149075 | ||||||||||||||||||
ISSN | 2023 Impact Factor: 5.8 2023 SCImago Journal Rankings: 2.660 | ||||||||||||||||||
ISI Accession Number ID |
Funding Information: The authors would like to thank two anonymous referees for their helpful comments and constructive suggestions on an earlier draft of the paper. The work described in this paper was jointly supported by grants from the Faculty of Construction and Environment of the Hong Kong Polytechnic University (1-ZV4T), the Research Committee of the Hong Kong Polytechnic University (G-YX1V), the National Natural Science Foundation of China (71171013,70971045), the Research Foundation for the Author of National Excellent Doctoral Dissertation (China) (200963), the Research Grants Council of the Hong Kong Special Administrative Region, China (HKU7183/08E), the Center for Modern Information Management Research at the Huazhong University of Science and Technology, and the National Research Foundation of Korea (NRF) Grant funded by the Korea government (MEST) (NRF-2011-0000859). |
DC Field | Value | Language |
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dc.contributor.author | Li, ZC | en_US |
dc.contributor.author | Li, ZC | en_US |
dc.contributor.author | Lam, WHK | en_US |
dc.contributor.author | Wong, SC | en_US |
dc.contributor.author | Choi, K | - |
dc.date.accessioned | 2012-06-22T06:20:07Z | - |
dc.date.available | 2012-06-22T06:20:07Z | - |
dc.date.issued | 2012 | en_US |
dc.identifier.citation | Transportation Research Part B: Methodological, 2012, v. 46 n. 6, p. 710-728 | en_US |
dc.identifier.issn | 0191-2615 | - |
dc.identifier.uri | http://hdl.handle.net/10722/149075 | - |
dc.description.abstract | This paper proposes a new model for investigating the effects of integrated rail and property development on the design of rail line services in a linear monocentric city, in which the property development rights at railway station areas are conferred to a private rail operator. The proposed model allows an explicit consideration of the interaction between two types of agents in the economy: (1) a private rail operator who seeks to optimize rail service variables-rail line length, number and spacing of stations, headway and fare-to maximize its own net profit, which is the sum of revenues from passenger fare-box and property development; and (2) households who choose the residential locations that maximize their own utilities subject to a budget constraint. The solution properties of the proposed model are analyzed, and a heuristic solution algorithm is presented. An illustrative example is used to show the application of the proposed model. The findings show that integrated rail and property development can change a city's land-use pattern and housing market (in terms of housing density, space, and price), and its economic viability is closely related to household income level and residential density of the city. © 2012 . | - |
dc.language | eng | en_US |
dc.publisher | Pergamon. The Journal's web site is located at http://www.elsevier.com/locate/trb | - |
dc.relation.ispartof | Transportation Research Part B: Methodological | en_US |
dc.subject | Housing markets | - |
dc.subject | Integrated rail-property development | - |
dc.subject | Monocentric | - |
dc.subject | Rail transit | - |
dc.subject | Residential locations | - |
dc.title | Modeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city | en_US |
dc.type | Article | en_US |
dc.identifier.email | Li, ZC: smzcli@hust.edu.cn | en_US |
dc.identifier.email | Lam, WHK: cehklam@polyu.edu.hk | - |
dc.identifier.email | Wong, SC: hhecwsc@hku.hk | - |
dc.identifier.email | Choi, K: keechoo@ajou.ac.kr | - |
dc.identifier.authority | Wong, SC=rp00191 | en_US |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.trb.2012.01.004 | - |
dc.identifier.scopus | eid_2-s2.0-84860882447 | - |
dc.identifier.hkuros | 200328 | en_US |
dc.identifier.volume | 46 | en_US |
dc.identifier.issue | 6 | - |
dc.identifier.spage | 710 | en_US |
dc.identifier.epage | 728 | en_US |
dc.identifier.eissn | 1879-2367 | - |
dc.identifier.isi | WOS:000304892400003 | - |
dc.publisher.place | United Kingdom | - |
dc.identifier.citeulike | 10547838 | - |
dc.identifier.issnl | 0191-2615 | - |