West Rail vs. Bus - Lingnan University Library

pass. But it should be noted that price is not the only factor that attracts passengers.
Other factors like the level of service also affect passenger amount. Passengers may
not accept bad service even if the fare is low.
Time cost is similar to value of time. It is the cost that people are willing to
pay for a certain amount of time saved. In the example of work trip, the time cost is
larger for a passenger who earns $1,000 per hour than someone who only earns $100
an hour. The passengers who earn more will pay a larger amount for a stable service
because they may lose more money when they are late.
People are willing to pay an extra cost to avoid congestion and danger. For
example, railway has better control of time of arrival than bus. Also, its accident rate
is much lower than the vehicles. People who want to have a safe and stable service
tend to pay a higher fare for the railway service rather than the road transport.
Trip Purpose
As mentioned above, there are mainly eight types of trip purposes. Each
purpose can affect the choice of transportation mode. Recreation and school trips are
normally short rips. Passengers of short trips are often reluctant to interchange to
other routes or transport modes many times. Passengers for long distance trips are
more willing to accept interchange to other routes or transport modes more than once
to save time.
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