Incentivizing public transit to improve performance to meet the programmatic goal of a funding agency

This paper deals with incentivizing public transit systems to exert effort to improve their performance to meet a programmatic goal of a funding agency. It shows the relationship between organisational and employee effort, formulates a net benefit equation with and without user cost savings and derives equations for effort. From these equations it surmises that (a) the larger the incentive the larger the effort transit systems and employees will exert to improve organisational performance, (b) effort is large when user costs are considered and (c) the larger the wage rate the smaller is the effort. In addition, it specifies a labour compensation equation that includes effort and labour intensity as some of its arguments and estimates it with a derived cost function and share equations as a system. The coefficients from them are used to show that when employees are incentivized to exert additional effort to improve organisational performance it increases the incentives, revenue and user cost savings by large proportions and cost by a very small proportion.

• Record URL:
  • https://doi.org/10.1007/s12469-023-00340-9
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/1866749X
• Supplemental Notes:
  • © The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature 2023. Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.
• Authors:
  • Obeng, Kofi
  • 0000-0002-4856-6973
• Publication Date: 2024-3

Language

• English

Media Info

• Media Type: Web
• Features: References;
• Pagination: pp 187-212
• Serial:
  • Public Transport
  • Volume: 16
  • Issue Number: 1
  • Publisher: Springer Publishing
  • ISSN: 1866-749X
  • EISSN: 1613-7159
  • Serial URL: http://link.springer.com/journal/12469

Subject/Index Terms

• TRT Terms: Costs; Employees; Government funding; Incentives; Organizational effectiveness; Performance; Program management; Public transit; Transit operating agencies
• Subject Areas: Finance; Public Transportation; Safety and Human Factors;

Filing Info

• Accession Number: 01911016
• Record Type: Publication
• Files: TRIS
• Created Date: Mar 7 2024 4:48PM