Abstract
A public passenger transportation system is operated along a corridor with its access mode. The location of stations for the former mode (the trunk mode) is determined. The total benefit is the sum of the savings in travel cost of all travellers gained by using the trunk mode instead of completing their trips only by the access mode. The effect of transfer cost is included. The objective is to maximize the net benefit: the total benefit minus construction and operation cost of the trunk mode. The Continuum Approximation is employed for deriving an analytical solution. A method which requires no iterative computation is developed. The derived formula discloses the nature of the optimal station location explicitly.
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