Abstract
Investigating a tradable credit scheme with the system optimum theory
Highlights
The problem of traffic congestion has been quite noticeable with the population and economic development in urban area
The results show that the travel cost of the system after implementation of the tradable credit scheme (5608.57 CNY) is lower than that under the congestion pricing strategy (5714.13 CNY)
This indicates that the distribution of traffic flows in the network is more balanced under the implementation of tradable credit than congestion pricing, which suggests the effectiveness of the tradable credit
Summary
The problem of traffic congestion has been quite noticeable with the population and economic development in urban area. Previous studies mainly focused on examining the effects of tradable credit scheme on adjusting the distribution of traffic flow and resolving the congestion problem. The previous studies indicated that the system optimum theory can be applied to simulating the path selection after implementation of tradable credit and examining the effectiveness of the scheme. The external marginal cost will be obtained by charging the traveler with the credit cost and that is the implementation principle of the tradable credit scheme.[30,31] Based on equation (13), Fidti(dti(Fi)=dFi) is exactly equal to the marginal cost, and the cost of tradable credit pcni can be expressed as
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
