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Title: A TAXICAB FARE POLICY FORMULA BASED ON FUEL CONSUMPTION OBSERVATIONS
Accession Number: 00473298
Record Type: Component
Availability: Find a library where document is available Abstract: A new taxicab fare collection methodology is proposed. The formulation developed is based on an urban fuel consumption study performed in Austin, Dallas, and Lubbock, Texas, and in Matamoros, Mexico. The formulation determines the fare as a function of travel distance and time with parameters related to vehicle operating cost, driver's wage, and the taxicab agency's profit and overhead cost. A survey of the 1985 fare-setting policies of taxicab agencies in some major U.S. cities has also been performed. On the basis of the survey results, a comparison is made between the currently used and the proposed fare-determination algorithms. The results of a numerical example indicate that the current practice slightly overestimates that of the travel distance. Consequently the currently charged fare for a trip in congested traffic conditions (long peak-period customer, whereas the reverse holds for the off-peak traffic conditions. The proposed fare-determination algorithm may be particularly useful to regulatory agencies in inferring a taxi agency's unit profit rate embedded in its fare-pricing policy. In addition, the fuel consumption-based algorithm could be used by regulatory agencies to establish fare guidelines in conjunction with taxicab operating costs and revenues.
Supplemental Notes: Publication of this paper sponsored by Committee on Paratransit. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
Monograph Title: Monograph Accession #: 01418831
Authors: Ardekani, Siamak AJamei, BahramHerman, RobertPagination: pp 33-39
Publication Date: 1986
Serial: ISBN: 0309041244
Media Type: Print
Features: Figures
(4)
; References
(18)
; Tables
(2)
TRT Terms: Subject Areas: Energy; Finance; Highways; Planning and Forecasting; Public Transportation; Society; I72: Traffic and Transport Planning
Files: TRIS, TRB
Created Date: Sep 30 1988 12:00AM
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