Model Analysis of Parking Price of Park-and-Ride Facilities with Price Sensitivity Measurement

The parking fee of park & ride facilities on the subway station was studied in this paper. Price sensitivity measurement (PSM) was applied to discuss the appropriate parking fee, and the corresponding questionnaire survey was carried out. The price of marginal cheapness, price of marginal expensiveness, indifference pricing point, optimal pricing point, range of supported price and range of acceptable price was calculated with the survey data. Moreover, a formula of choice behavior for the competitive price level was established with a logit style PSM model and optimal price is obtained. The research results can be applied to price decision-making of park & ride facilities on the subway station.

• Record URL:
  https://doi.org/10.1061/41184(419)43
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9780784411841
• Supplemental Notes:
  • Copyright © 2011 ASCE
• Corporate Authors:

  American Society of Civil Engineers

  1801 Alexander Bell Drive
  Reston, VA  United States  20191-4400
• Authors:
  • Xiong, Ping
• Conference:
  • Third International Conference on Transportation Engineering (ICTE)
  • Location: Chengdu , China
  • Date: 2011-7-23 to 2011-7-25
• Publication Date: 2011

Language

• English

Media Info

• Media Type: Digital/other
• Pagination: pp 253-258
• Monograph Title: ICTE 2011

Subject/Index Terms

• TRT Terms: Park and ride; Parking facilities; Parking fees; Pricing; Subway stations
• Uncontrolled Terms: Price sensitivity
• Subject Areas: Administration and Management; Finance; Highways; Terminals and Facilities;

Filing Info

• Accession Number: 01446901
• Record Type: Publication
• ISBN: 9780784411841
• Files: TRIS, ASCE
• Created Date: Aug 19 2011 4:45PM