RESOURCE ALLOCATION FOR BUS SERVICE PLANNING

This paper describes efforts to make service allocation decisions based on London Transport's corporate objective of "maximizing passenger miles subject to a budget constraint". Use of this simple objective enables managers to trade off passenger mile gains against financial losses and passenger mile losses against financial gains. This analysis has been conducted in terms of service type (peak versus off peak) using service elasticities and marginal cost analysis. Considerations involved in shifting resources to the off-peak are briefly discussed.

• Corporate Authors:

  London Transport Executive

  Planning Research Office, 55 Broadway
  London SW1H 0BD,   England 
• Authors:
  • WAGON, D J
• Publication Date: 1976-7

Media Info

• Pagination: n.p.

Subject/Index Terms

• TRT Terms: Budgeting; Bus transportation; Expenditures; Finance; Off peak periods; Passenger miles; Planning; Public transit; Resource allocation
• Identifier Terms: London Transport
• Uncontrolled Terms: Transit services
• Old TRIS Terms: Financial expenditures; Off-peak
• Subject Areas: Finance; Motor Carriers; Operations and Traffic Management; Planning and Forecasting; Public Transportation;

Filing Info

• Accession Number: 00377176
• Record Type: Publication
• Report/Paper Numbers: Research Rpt. R221
• Files: TRIS
• Created Date: Aug 30 1983 12:00AM