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An independence result concerning the arrival rate of and the provision of transport to tourists

Author

Listed:
  • Amitrajeet Batabyal

    () (Department of Economics, Rochester Institute of Technology)

Abstract

What is the relationship between the arrival rate of tourists at a transport providing firm's depot and the long run expected wait time experienced by individual tourists in this depot? We use a renewal theoretic framework in this note to answer this question. Our analysis yields two results. First, we show that the long run expected wait time is independent of the arrival rate of the tourists. Second, we explain why this long run expected wait time is equal to the average residual life of a particular renewal process.

Suggested Citation

  • Amitrajeet Batabyal, 2009. "An independence result concerning the arrival rate of and the provision of transport to tourists," Economics Bulletin, AccessEcon, vol. 29(1), pages 108-115.
  • Handle: RePEc:ebl:ecbull:eb-08r40002
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I1-P10.pdf
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    References listed on IDEAS

    as
    1. Amitrajeet Batabyal, 2007. "A probabilistic analysis of a scheduling problem in the economics of tourism," Economics Bulletin, AccessEcon, vol. 12(4), pages 1-7.
    2. repec:ebl:ecbull:v:12:y:2007:i:4:p:1-7 is not listed on IDEAS
    3. Amitrajeet Batabyal & Hamid Beladi, 2008. "Visitor classification, vehicle breakdowns, and the provision of transport for tourism," Letters in Spatial and Resource Sciences, Springer, vol. 1(2), pages 99-105, December.
    4. Jonas Nordström, 2005. "Dynamic and stochastic structures in tourism demand modeling," Empirical Economics, Springer, vol. 30(2), pages 379-392, September.
    5. Muhammad Chaudhary & Amitrajeet Batabyal, 2009. "A stochastic analysis of alternate ways of scheduling transport for tourists," Letters in Spatial and Resource Sciences, Springer, vol. 2(2), pages 67-75, October.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling

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