An additional point is that the effects of fares may vary with respect to the time frame. It is expected to be greater in the long-run than in the short-run. Also, policy measures aimed at fare reduction (subsidization) can play a substantial role in encouraging the use of PT, which reduce the use of private cars at the same time (). It can be assumed the opposite to be valid as well, meaning that growth in fares may reduce the demand. presented such an example in which the growth in real fares reduced demand by more than 5% and the introduction of the travel card had an effect of higher than 7% in the Madrid bus market. In explaining the increase in PT demand in the German City of Freiburg. also pointed out the importance of the introduction of low-cost, cost transferable season tickets. However, concluded that the effects of pre-paid ticketing systems (travelcards or season tickets) show no consistent pattern.

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I also discuss how demand forecasting relates to other RM components, such as capacity allocation.

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The degree of PT dependency not only determines the level of PT demand but also determines the level of demand elasticity against the changes in fares. In explaining the insensitivity of Mexico City metro users to metro services, pointed out the likely captivity of the metro users to metro services. Therefore, availability of substitute (alternative) transport modes is an important factor in determining the PT demand. Substitute of public transport is private transport. Private car is the main competitor of PT () and the only viable substitute for bus () however, it has its own costs and limitations as well, many of which are already pointed out above. Private transport is not free of limitations e.g. extra fuel costs and taxes, road pricing, high parking charges, limited parking spaces, high car insurance premiums, traffic congestions, just a few to mention. When there is more than one mode available, each mode depends on the others by substitution or complementarity effects (). In the choice of transport mode individuals behave rationally between public and private transport ().

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Economic factors: Economic factors such as the level of household income, employment rate and the general level of wealth in a country are also among the main determinants of the PT use. stated that transport demand, by definition, depended on household income and transport price. If household income exceeds certain threshold, it reduces the demand because people tend to use their own private cars. concluded that rising incomes and increased motorization discouraged the use of PT in England and France. made similar comments on the issue saying that the level of income influences how travelers look at PT. Excerpt goes like this: The results suggest that for the majority of metro users, whose salaries are based on low multiples of the minimum wage and are not potential car owners, the Mexico City metro is perceived as a normal good. However, for middle/high income earners, who can afford to buy a private vehicle when their incomes increase, the Mexico City metro is perceived as an inferior good. In a similar manner, pointed out that travel cost and household income were among important factors affecting individuals’ choice of transportation.

Relevant RM theories and demand forecasting methods are compiled based on the existing literature.
I have experience using ESRI Business Analyst, performing trade area analysis, demand forecasting and cluster analysis.

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Merging housing, shopping, employment and other facilities in mixed-use developments provide residents with the opportunity to live, work and carry out other daily activities locally or with the minimum travel needs, without having to drive (). In fact ... travel demand is a ‘derived’ demand in the sense that trips are made and distributed on the basis of the desire to reach places, whether office buildings, ballparks, or shopping centers. The characteristics of these places-i.e., their land uses, densities, design features-can affect not only the number of trips generated but also modes and routes of travel. While characteristics of origin-destination interchanges,..., are known to affect travel demand, so are features of the trip ends (i.e., origins and destinations) themselves (). supports this by drawing attention that the higher population densities of (Spanish) cities make them better suited for PT use than to car use (). This claim holds better for larger cities such as London, Paris and Istanbul because settlement size also affects the distances that need to be traveled to reach certain services and facilities. At the same time, it influences the modes of transport that can be maintained by the urban area (e.g., bus, light rail or underground) . Additionally, urban sprawl is also an important factor for PT demand. found the PT use among some groups such as young people living in the suburbs to be greater than for those living in the center. Population density thus becomes an important predictor of travel choice ().

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Firstly, the PT environment is dynamic and even interactive. It includes a combination of alternative transport modes, various types of passengers (e.g., students, workers and leisure travelers) and passengers with different travel purposes, different travel frequencies and different travel times. The existence of various transport modes makes it available transition between those modes for passengers. In such an environment, the demand is also dynamic () and volatile. However, it is in balance as a whole. Secondly, PT demand is time-dependent (). In general it is higher and even more condensed in the morning and evening times while it is sparse in the remaining times of the day. While the rush hour demand mainly comes from the workers and students, the remaining demand comes from the parties such as shoppers, leisurers and other travelers. Thirdly, different traveler types have different expectations from the PT services based on the travel time and purpose. The level and type of expectations shape demand differently. For instance, as the quality of services is one of the main determinants of the demand, that on the route does not depend on the service quality especially in rush hours; if not in regular times (). Also, the time and the purpose of travel also have different effects on the level of expectations and, in turn, on demand. A traveler using PT for work and leisure in different times of the day may require different level of service quality. In many cases due to the availability of limited number of vehicles in service and passengers’ having short of time, the service quality becomes out of a major issue for many especially in large cities. Also the availability of alternative transport modes is a main factor on PT demand. For instance, in a metropolitan city such as Ankara, a city with about 5 million inhabitants, many people have no other alternative transport medium to use or time especially in rush hours, in which cases managing getting to work takes the highest priority than the service quality) (). However, service quality is still an important cause determining the demand.

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Another point to consider is the degree of overcrowding in PT vehicles. Overcrowding can be accepted to affect the comfort and perception of PT by travelers, which creates unpleasant and uncomfortable conditions. Comfort has some value for travelers in spite of varying degrees in different circumstances. For instance, passengers do not require the same level of comfort in the peak and off-peak times, in the short or long distance travels or for different travel purposes (e.g., leisure or work), although they desire so. In general, comfort should be accepted as an important element that affects the PT demand.