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Generalized Cost of Daily Trips on the Example of Public Transport and Private Car Selection

In: Transport Development Challenges in the 21st Century

Author

Listed:
  • Zuzanna Kłos-Adamkiewicz

    (University of Szczecin)

Abstract

Transport users frequently face the dilemma of maximizing the utility of usage of two resources—time and money in relation to the transport services. The perceived value of the transport services for passengers is the result of what they have received in relation to the costs of transport service. It expresses the concept of generalized cost, which includes financial costs, time costs, discomfort, and other elements that can be perceived in general by the user as costs. The chapter presents the generalized cost on the example of selection of private car and public transport. Car users, while comparing the ability to move by car or by public transport, often do not take into account the full cost of car ownership and usage. While in urban transport homogeneous rates for different tariffs are adopted, whereas in the case of individual transport costs are not limited to the fuel price. The concept of generalized cost is presented in the chapter, based on market research carried out in Szczecin and the proposed method of calculating these costs in transport.

Suggested Citation

  • Zuzanna Kłos-Adamkiewicz, 2021. "Generalized Cost of Daily Trips on the Example of Public Transport and Private Car Selection," Springer Proceedings in Business and Economics, in: Michal Suchanek (ed.), Transport Development Challenges in the 21st Century, pages 193-202, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-50010-8_17
    DOI: 10.1007/978-3-030-50010-8_17
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