The advanced public transit system (APTS) can provide the real time information system (RTIS) for the bus transit passenger waiting at a bus stop, and that would improve the quality of service of the bus transit. The paper aims to measure the passenger’s benefit after adopting RTIS in the city of Taipei. This study applies the binary Logit model to form the mode-choice model. The associate calibrated-parameters of the mode-choice model are adopted to gain the passenger’s value of waiting time by using the stated preference data surveyed from the bus transit passenger’s questionnaire. The passenger’s tolerated degree of the perceived waiting time is a critical element in valuing the waiting time. The monetary passenger’s benefit is estimated for providing the RTIS based on the theory of consumer’s surplus and the with-and-without principle. The results of empirical study show that the passenger’s value of waiting time has reduced after providing the RTIS, and the estimated value of the passenger’s economic benefit for each trip is approximately either NT$8.38 or NT$10.39 by the disaggregate and aggregate approaches respectively. The quantitative benefits of RTIS for the bus transit passenger appear to be concrete and significant based on this analysis.
Chen, D. J. (2012). Measuring the Passenger’s Benefit of Providing the Real Time Information System of the Bus Transit. In Transportation Research Board 91st Annual Meeting (No. 12-4000).