Topic: Credit Charge-cum-reward Scheme for Green Multi-modal Mobility
Speaker: YANG Hai，Professor, Hong Kong University of Science and Technology
Host: LI Zhichun，Professor, Department of Management Science and Information Management, School of Management of HUST
Time and Date: 14:00-17:00, 20 Mar 2023
Location: SOM 107
Abstract:To promote green mobility and alleviate congestion and emissions, this study proposes a credit charge-cum-reward (CCR) scheme where the government determines mode-specific credit charging and rewarding rates and redemption and charging prices to achieve regulation objectives. Over a CCR scheme period, travelers choose either driving by consuming credits or taking transit to cumulate credits to minimize individual travel costs. At the end, the individual credit balance will be settled by the government at a charging(redemption) price for credit deficits (surplus). From the perspective of travelers, we consider their heterogeneity in value of time and characterize their periodic mode usage equilibrium by formulating a decision optimization problem. From the perspective of the government, we derive the condition about the differentiated charging and redemption prices for a Pareto-improving and revenue-neutral CCR scheme. We also investigate how the government can leverage differentiated redemption and charging prices and its credit-related budget to achieve certain objectives. We have proved theoretically and numerically that the proposed CCR scheme flexibly facilitates multi-modal travel demand management by regulating travelers' periodic mode usage behavior via charging and rewarding rates and differentiated charging and redemption prices.
Speaker’s Profile:Prof. Hai Yang is currently a Chair Professor in the Department of Civil and Environmental Engineering, The Hong Kong University of Science and Technology. He received his Bachelor degree from Wuhan University, China, and his PhD from Kyoto University, Japan. Prof. Yang specializes in the analysis, modeling, and optimization of transportation systems and transportation economics. He is internationally known as an active scholar in the field of transportation, with nearly 300 papers published in SCI/SSCI indexed journals and an H-index citation rate of 63. Most of his publications appeared in leading international journals, such as Transportation Research, Transportation Science and Operations Research.
