Abstract
High-speed railway passenger dedicated lines have become the main direction of railway network research all around the world. The ticket pricing of these lines is one of the central issues in order to maximize the profits and the utilization of the high-speed railway system. In this paper, combined with the current situation of China’s high-speed railway, a mathematical model of the market share of the railway system is analyzed with the help of the Box-Cox Logit model. Based on this model, a multi-extremal model of a dynamic ticket pricing method is then introduced, which suggests the ticket quantity and how much the ticket price can be discounted. This model is then tested in a Matlab simulation by taking the Jinghu passenger dedicated line as an example. The results show that the dynamic ticket pricing can attract more passengers and consequently improve the railway system income.
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 callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
