West Rail vs. Bus - Lingnan University Library
West Rail vs. Bus - Lingnan University Library
West Rail vs. Bus - Lingnan University Library
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We separate the value of time of bus passenger into two groups. The value<br />
of time of bus passenger when the total journey time of WR is slower than bus is<br />
0.6131. It means that if the journey of <strong>West</strong> <strong>Rail</strong> is slower than bus for 1 minute, the<br />
fare decrease for attracting bus passengers to travel by <strong>West</strong> <strong>Rail</strong> is $0.6131 per<br />
minute. The value of time of bus passenger when the total journey time of WR is<br />
slower than bus is 0.0846. It means that if the journey of <strong>West</strong> <strong>Rail</strong> is faster than bus<br />
for 1 minute, the willingness to pay is $0.0846 per minutes. When compare with<br />
residents in Ma On Shan whose average value of time is $0.16 per minute for a faster<br />
trip ( 成 報 2004), the value of time for residents is quite low in <strong>West</strong> New Territories.<br />
Table 5.3.8 Value of time for bus passengers<br />
Minimum Maximum Mean<br />
Value of time of bus passenger when total journey time of WR is slower than bus .02 2.52 .6131<br />
Value of time of bus passenger when total journey time of WR is faster than bus .01 .20 .0846<br />
5.4 Analysis of Segmentation<br />
We will use the following method to segment the respondents<br />
1. Home location (Distance from <strong>West</strong> <strong>Rail</strong> stations)<br />
2. Home location (Districts of <strong>West</strong> New Territories)<br />
3. Age<br />
4. Trip purpose<br />
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