Question: Assumed you are the planner ( i . e . , the government ) , the objective of the Transit Oriented Development ( TOD )
Assumed you are the planner ie the government the objective of the Transit Oriented Development TOD design is to maximize the social welfare of the urban system by determining the optimal location, number and size of the TOD zones along a rail line corridor and the train headway on that rail line.
Questions:
a Please formulate a travel cost function for a single passenger.
b Please establish the household residential location choice models.
c Please draft an elastic demand function based on travel cost.
d Please arrange the modeling to assess social welfare and its constraints. Please include the model objective function and necessary constraints.
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