Research on the Mechanism of Value Creation and Capture Process for Mass Rail Transit Development

Abstract

Based on the principle of financial sustainable development of mass rail transit system, this paper discussed the essentiality of “value capture”, as well as the classification and stakeholders of different generated value. Then it discussed the cycle process of value creation and value capture, and proposed different value capture principles according to different stakeholders. The value capture mechanism was simulated taking advantage of system dynamics model. At last, urban metro system in Shanghai has been taken as a case study to research the benefit-burden relationships among all the interest groups.