TRANSIT PERFORMANCE EVALUATION AND TIME PRICES: A SINGLE INDICATOR METHODOLOGY

This paper presents a transit performance evaluation model (or methodology) that explicitly considers passenger travel, waiting and walking time prices. It is assumed that the public transit firm has the following effectiveness operating objective--minimize the sum of firm and passenger time costs subject to its operating deficit constraint in providing motorbus transit service. A single performance indicator (or variable) is proposed for evaluating in practice the performance of the transit firm (based upon the above operating objective). Discussions cover: how actual passenger travel, waiting and walking times might be determined for the transit firm's motorbus routes; how passenger values of travel, waiting and walking times per unit of time might be determined; and how the performance of a public transit firm may be evaluated in practice by the selected single performance indicator. The paper concludes with a summary of the discussions.

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  • Accession Number: 00610202
  • Record Type: Publication
  • Report/Paper Numbers: HS-041 177
  • Files: TRIS
  • Created Date: Jun 30 1991 12:00AM