Modeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city

This paper proposes a new model for investigating the effects of integrated rail and property development on the design of rail line services in a linear monocentric city, in which the property development rights at railway station areas are conferred to a private rail operator. The proposed model a...

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Published in	Transportation research. Part B: methodological Vol. 46; no. 6; pp. 710 - 728
Main Authors	Li, Zhi-Chun, Lam, William H.K., Wong, S.C., Choi, Keechoo
Format	Journal Article
Language	English
Published	Kidlington Elsevier 01.07.2012
Subjects	Applied sciences Buildings. Public works Exact sciences and technology Ground, air and sea transportation, marine construction Railway transportation and traffic Urban development Rail transit line Urban land use Household Impact study Market survey Land ownership Housing Households' residential location choices Modeling Land use Optimization Housing market Linear monocentric city Formulation Integrated rail-property development Numerical simulation Rail transportation
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ISSN	0191-2615
DOI	10.1016/j.trb.2012.01.004

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Abstract	This paper proposes a new model for investigating the effects of integrated rail and property development on the design of rail line services in a linear monocentric city, in which the property development rights at railway station areas are conferred to a private rail operator. The proposed model allows an explicit consideration of the interaction between two types of agents in the economy: (1) a private rail operator who seeks to optimize rail service variables-rail line length, number and spacing of stations, headway and fare-to maximize its own net profit, which is the sum of revenues from passenger fare-box and property development; and (2) households who choose the residential locations that maximize their own utilities subject to a budget constraint. The solution properties of the proposed model are analyzed, and a heuristic solution algorithm is presented. An illustrative example is used to show the application of the proposed model. The findings show that integrated rail and property development can change a city's land-use pattern and housing market (in terms of housing density, space, and price), and its economic viability is closely related to household income level and residential density of the city.
AbstractList	This paper proposes a new model for investigating the effects of integrated rail and property development on the design of rail line services in a linear monocentric city, in which the property development rights at railway station areas are conferred to a private rail operator. The proposed model allows an explicit consideration of the interaction between two types of agents in the economy: (1) a private rail operator who seeks to optimize rail service variables-rail line length, number and spacing of stations, headway and fare-to maximize its own net profit, which is the sum of revenues from passenger fare-box and property development; and (2) households who choose the residential locations that maximize their own utilities subject to a budget constraint. The solution properties of the proposed model are analyzed, and a heuristic solution algorithm is presented. An illustrative example is used to show the application of the proposed model. The findings show that integrated rail and property development can change a city's land-use pattern and housing market (in terms of housing density, space, and price), and its economic viability is closely related to household income level and residential density of the city.
Author	Lam, William H.K. Wong, S.C. Li, Zhi-Chun Choi, Keechoo
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Title	Modeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city
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