Park-and-Ride Facilities in New York City

Author:

Holguín-Veras José1,Reilly Jack1,Aros-Vera Felipe1,Yushimito Wilfredo2,Isa Jhael3

Affiliation:

1. Department of Civil and Environmental Engineering, Rensselaer Polytechnic Institute, 110 8th Street, Troy, NY 12180

2. Department of Engineering and Sciences, Adolfo Ibáñez University, 750 Padre Hurtado, Room A 325, Viña del Mar, Valparaíso Region, Chile

3. Universidad Ibero-Americana, Santo Domingo, Dominican Republic.

Abstract

A procedure is developed to assess the economic feasibility of park-and-ride facilities. Relevant literature is discussed, and a mathematical formulation that can be integrated with a regional planning model is produced and applied to the selection of park-and-ride facilities in New York City. The evaluation procedure is divided into two main stages: candidate selection and candidate evaluation. The candidates are selected according to a set of criteria that includes demand considerations, transit connectivity and design, community integration, and economic viability. Economic assessment of the candidates considers the generalized cost of travel and entails the use of a binary logit model and the computation of four performance measures: expected demand, market share, weighted average savings, and present value of benefits.

Publisher

SAGE Publications

Subject

Mechanical Engineering,Civil and Structural Engineering

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