Abstract
The convenient taxi-hailing is a big issue for nearly all cities in China. Striving to ease the taxi-hailing difficulty as the objective function, the economic expenditure of the subsidies as the budget constraints, a more ideal taxi subsidy program and its budget is obtained by solving the conditional extreme value function based on the Lagrange method. The subsidy schemes according to the per mileage subsidy to the taxi driver will be optimal choice in the peak hours/urban center and in the off-peak hours/ urban fringes. Whereas, the subsidy schemes will be the most effective in the off-peak hours/ urban center and in peak hours/urban fringes in the light of the fuel consumption subsidy to the taxi driver. A sensitivity analysis is made for the parameters of model to evaluate its key influencing factors on stability.
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