메뉴 건너뛰기




Volumn 78, Issue , 2015, Pages 318-340

Transit technology investment and selection under urban population volatility: A real option perspective

Author keywords

Comparative static analysis; Net present value approach; Population volatility; Real option approach; Transit technology investment and selection; Urban spatial equilibrium

Indexed keywords

HOUSING; STATIC ANALYSIS;

EID: 84930194974     PISSN: 01912615     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.trb.2015.05.006     Document Type: Article
Times cited : (38)

References (48)
  • 1
    • 33645944134 scopus 로고
    • The costing of bus, light rail transit and metro public transport systems
    • Allport R.J. The costing of bus, light rail transit and metro public transport systems. Traffic Engineering & Control 1981, 22:633-639.
    • (1981) Traffic Engineering & Control , vol.22 , pp. 633-639
    • Allport, R.J.1
  • 4
    • 85029835966 scopus 로고    scopus 로고
    • Report on Urban Light Rail Transit Project Feasibility Analyses.
    • BAOGAO, 2012. Report on Urban Light Rail Transit Project Feasibility Analyses. http://www.BaoGaoBaoGao.com/DiaoYan/2012-10/chengshiqingguijianshexiangmukexingx.html.
    • (2012)
  • 5
    • 0002201725 scopus 로고
    • On the distribution of urban rent and residential density
    • Beckmann M.J. On the distribution of urban rent and residential density. Journal of Economic Theory 1969, 1:60-67.
    • (1969) Journal of Economic Theory , vol.1 , pp. 60-67
    • Beckmann, M.J.1
  • 6
    • 0038951605 scopus 로고
    • Spatial equilibrium in housing market
    • Beckmann M.J. Spatial equilibrium in housing market. Journal of Urban Economics 1974, 1:99-107.
    • (1974) Journal of Urban Economics , vol.1 , pp. 99-107
    • Beckmann, M.J.1
  • 7
    • 0035701715 scopus 로고    scopus 로고
    • Identifying the impacts of rail transit stations on residential property values
    • Bowes D.R., Ihlanfeldt K.R. Identifying the impacts of rail transit stations on residential property values. Journal of Urban Economics 2001, 50:1-25.
    • (2001) Journal of Urban Economics , vol.50 , pp. 1-25
    • Bowes, D.R.1    Ihlanfeldt, K.R.2
  • 8
    • 33645996984 scopus 로고    scopus 로고
    • Bus rapid transit and light rail: comparing operating costs with a parametric cost model
    • Bruun E. Bus rapid transit and light rail: comparing operating costs with a parametric cost model. Transportation Research Record 2005, 1927:11-21.
    • (2005) Transportation Research Record , vol.1927 , pp. 11-21
    • Bruun, E.1
  • 9
    • 84920765683 scopus 로고    scopus 로고
    • Modeling transit technology selection in a linear transportation corridor
    • Chen Y.J., Li Z.C., Lam W.H.K. Modeling transit technology selection in a linear transportation corridor. Journal of Advanced Transportation 2015, 49:48-72.
    • (2015) Journal of Advanced Transportation , vol.49 , pp. 48-72
    • Chen, Y.J.1    Li, Z.C.2    Lam, W.H.K.3
  • 10
    • 84930217457 scopus 로고    scopus 로고
    • Information on Bus Rapid Transit in Chinese and Asian Cities.
    • ChinaBRT, 2014. Information on Bus Rapid Transit in Chinese and Asian Cities. http://www.chinabrt.org.
    • (2014)
  • 11
    • 79951928808 scopus 로고    scopus 로고
    • Real option pricing of network design investments
    • Chow J.Y.J., Regan A.C. Real option pricing of network design investments. Transportation Science 2011, 45:50-63.
    • (2011) Transportation Science , vol.45 , pp. 50-63
    • Chow, J.Y.J.1    Regan, A.C.2
  • 13
    • 79960699480 scopus 로고    scopus 로고
    • A network option portfolio management framework for adaptive transportation planning
    • Chow J.Y.J., Regan A.C., Ranaiefar F., Arkhipov D.I. A network option portfolio management framework for adaptive transportation planning. Transportation Research Part A 2011, 45(8):765-778.
    • (2011) Transportation Research Part A , vol.45 , Issue.8 , pp. 765-778
    • Chow, J.Y.J.1    Regan, A.C.2    Ranaiefar, F.3    Arkhipov, D.I.4
  • 14
    • 0034194549 scopus 로고    scopus 로고
    • Timing rules for major transportation investments
    • Chu X., Polzin S.E. Timing rules for major transportation investments. Transportation 2000, 27:201-219.
    • (2000) Transportation , vol.27 , pp. 201-219
    • Chu, X.1    Polzin, S.E.2
  • 15
    • 84930217458 scopus 로고    scopus 로고
    • Analysis of BRT Systems in Some Typical Chinese Cities.
    • CPSITS, 2011. Analysis of BRT Systems in Some Typical Chinese Cities. http://www.cpsits.com/bencandy.php?fid=157&id=4054.
    • (2011)
  • 19
    • 85040881642 scopus 로고
    • Cambridge University Press, Cambridge
    • Fujita M. Urban Economic Theory 1989, Cambridge University Press, Cambridge.
    • (1989) Urban Economic Theory
    • Fujita, M.1
  • 20
    • 77955643489 scopus 로고    scopus 로고
    • A real options approach for the valuation of highway concessions
    • Galera A.L.L., Solino A.S. A real options approach for the valuation of highway concessions. Transportation Science 2010, 44:416-427.
    • (2010) Transportation Science , vol.44 , pp. 416-427
    • Galera, A.L.L.1    Solino, A.S.2
  • 21
    • 84879143164 scopus 로고    scopus 로고
    • Incorporating Knightian uncertainty into real options analysis: using multiple-priors in the case of rail transit investment
    • Gao Y., Driouchi T. Incorporating Knightian uncertainty into real options analysis: using multiple-priors in the case of rail transit investment. Transportation Research Part B 2013, 55:23-40.
    • (2013) Transportation Research Part B , vol.55 , pp. 23-40
    • Gao, Y.1    Driouchi, T.2
  • 22
    • 0029715461 scopus 로고    scopus 로고
    • Insights on the effect of land use choice: the perpetual option on the best of two underlying assets
    • Geltner D., Riddiough T., Stojanovic S. Insights on the effect of land use choice: the perpetual option on the best of two underlying assets. Journal of Urban Economics 1996, 39:20-50.
    • (1996) Journal of Urban Economics , vol.39 , pp. 20-50
    • Geltner, D.1    Riddiough, T.2    Stojanovic, S.3
  • 23
    • 84889330862 scopus 로고    scopus 로고
    • Monocentric cities
    • Blackwell Publishing, Oxford, R.J. Arnott, D.P. McMillan (Eds.)
    • Kraus M. Monocentric cities. A Companion to Urban Economics 2006, 96-108. Blackwell Publishing, Oxford. R.J. Arnott, D.P. McMillan (Eds.).
    • (2006) A Companion to Urban Economics , pp. 96-108
    • Kraus, M.1
  • 24
    • 84885914125 scopus 로고    scopus 로고
    • Optimal density of radial major roads in a two-dimensional monocentric city with endogenous residential distribution and housing prices
    • Li Z.C., Chen Y.J., Wang Y.D., Lam W.H.K., Wong S.C. Optimal density of radial major roads in a two-dimensional monocentric city with endogenous residential distribution and housing prices. Regional Science and Urban Economics 2013, 43:927-937.
    • (2013) Regional Science and Urban Economics , vol.43 , pp. 927-937
    • Li, Z.C.1    Chen, Y.J.2    Wang, Y.D.3    Lam, W.H.K.4    Wong, S.C.5
  • 25
    • 84860882447 scopus 로고    scopus 로고
    • Modeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city
    • Li Z.C., Lam W.H.K., Wong S.C., Choi K. Modeling the effects of integrated rail and property development on the design of rail line services in a linear monocentric city. Transportation Research Part B 2012, 46:710-728.
    • (2012) Transportation Research Part B , vol.46 , pp. 710-728
    • Li, Z.C.1    Lam, W.H.K.2    Wong, S.C.3    Choi, K.4
  • 26
    • 80054117315 scopus 로고    scopus 로고
    • Design of a rail transit line for profit maximization in a linear transportation corridor
    • Li Z.C., Lam W.H.K., Wong S.C., Sumalee A. Design of a rail transit line for profit maximization in a linear transportation corridor. Transportation Research Part E 2012, 48:50-70.
    • (2012) Transportation Research Part E , vol.48 , pp. 50-70
    • Li, Z.C.1    Lam, W.H.K.2    Wong, S.C.3    Sumalee, A.4
  • 27
    • 85015533538 scopus 로고    scopus 로고
    • Statistics and analysis of urban rail transit lines in 2014, China
    • Liu Z., Gu B.N., Sun S.C., Deng C.Y. Statistics and analysis of urban rail transit lines in 2014, China. Urban Rail Transit Research 2015, 1:1-6.
    • (2015) Urban Rail Transit Research , vol.1 , pp. 1-6
    • Liu, Z.1    Gu, B.N.2    Sun, S.C.3    Deng, C.Y.4
  • 28
    • 0029505852 scopus 로고
    • The effect of anticipated transportation improvement on residential land values
    • McDonald J.F., Osuji C.I. The effect of anticipated transportation improvement on residential land values. Regional Science and Urban Economics 1995, 25:261-278.
    • (1995) Regional Science and Urban Economics , vol.25 , pp. 261-278
    • McDonald, J.F.1    Osuji, C.I.2
  • 30
    • 0004043447 scopus 로고
    • Scott Foresman, Glenview, IL
    • Mills E.S. Urban Economics 1972, Scott Foresman, Glenview, IL.
    • (1972) Urban Economics
    • Mills, E.S.1
  • 31
    • 84930217459 scopus 로고
    • China Statistical Yearbook (1994-2014). China Statistics Press, Beijing, China.
    • NBSC (National Bureau of Statistics of China), 1994-2014. China Statistical Yearbook (1994-2014). China Statistics Press, Beijing, China.
    • (1994)
  • 35
    • 0005494157 scopus 로고
    • The production of housing services and the derived demand for residential energy
    • Quigley J.M. The production of housing services and the derived demand for residential energy. RAND Journal of Economics 1984, 15:555-567.
    • (1984) RAND Journal of Economics , vol.15 , pp. 555-567
    • Quigley, J.M.1
  • 36
    • 84859408519 scopus 로고    scopus 로고
    • Hybrid predictive control strategy for a public transport system with uncertain demand
    • Saez D., Cortes C.E., Milla F., Nunez A., Tirachini A., Riquelme M. Hybrid predictive control strategy for a public transport system with uncertain demand. Transportmetrica 2012, 8:61-86.
    • (2012) Transportmetrica , vol.8 , pp. 61-86
    • Saez, D.1    Cortes, C.E.2    Milla, F.3    Nunez, A.4    Tirachini, A.5    Riquelme, M.6
  • 37
    • 33644605749 scopus 로고    scopus 로고
    • Uncertainty and the timing of an urban congestion relief investment: the no-land case
    • Saphores J.D.M., Boarnet M.G. Uncertainty and the timing of an urban congestion relief investment: the no-land case. Journal of Urban Economics 2006, 59:189-208.
    • (2006) Journal of Urban Economics , vol.59 , pp. 189-208
    • Saphores, J.D.M.1    Boarnet, M.G.2
  • 40
    • 28044471533 scopus 로고
    • Congestion, density and the use of land in transportation
    • Solow R.M. Congestion, density and the use of land in transportation. Swedish Journal of Economics 1972, 74:161-173.
    • (1972) Swedish Journal of Economics , vol.74 , pp. 161-173
    • Solow, R.M.1
  • 42
    • 0036969070 scopus 로고    scopus 로고
    • Bus rapid transit or light, rail transit: how to decide? Los Angeles case study
    • Stutsman J.M. Bus rapid transit or light, rail transit: how to decide? Los Angeles case study. Transportation Research Record 2002, 1793:55-61.
    • (2002) Transportation Research Record , vol.1793 , pp. 55-61
    • Stutsman, J.M.1
  • 44
    • 77957001032 scopus 로고    scopus 로고
    • Comparing operator and users costs of light rail, heavy rail and bus rapid transit over a radial public transport network
    • Tirachini A., Hensher D.A., Jara-Diaz S.R. Comparing operator and users costs of light rail, heavy rail and bus rapid transit over a radial public transport network. Research in Transportation Economics 2010, 29:231-242.
    • (2010) Research in Transportation Economics , vol.29 , pp. 231-242
    • Tirachini, A.1    Hensher, D.A.2    Jara-Diaz, S.R.3
  • 45
    • 77954310808 scopus 로고    scopus 로고
    • Restating modal investment priority with an improved model for public transport analysis
    • Tirachini A., Hensher D.A., Jara-Diaz S.R. Restating modal investment priority with an improved model for public transport analysis. Transportation Research Part E 2010, 46:1148-1168.
    • (2010) Transportation Research Part E , vol.46 , pp. 1148-1168
    • Tirachini, A.1    Hensher, D.A.2    Jara-Diaz, S.R.3
  • 47
    • 1942538239 scopus 로고    scopus 로고
    • Highway development decision-making under uncertainty: a real options approach
    • Zhao T., Sundararajan S.K., Tseng C.L. Highway development decision-making under uncertainty: a real options approach. Journal of Infrastructure Systems 2004, 10:23-32.
    • (2004) Journal of Infrastructure Systems , vol.10 , pp. 23-32
    • Zhao, T.1    Sundararajan, S.K.2    Tseng, C.L.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.