A Potential Way of Island Travel: Sea Bus

Huibing Cheng, Bingqing Tan, Yumeng Zhang, Suxiu Xu, Ming Li

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

This paper introduces and studies the game and pricing between high speed passenger ship and potential sea bus. High-speed passenger ship is the most important travel mode for tourists and residents on the island at present. It has the advantages of high speed and high comfort, but its high fares make people unbearable. Therefore, a new way of sea travel is urgently needed to meet the travel needs of passengers, and the sea bus is the most potential. We consider a duopoly market composed of high-speed passenger ship and sea bus, and propose three types of price competition games: (I) Cournot model, (II) Stackelberg model dominated by highspeed passenger ship, and (III) Stackelberg model dominated by sea bus. The analysis results of the three models all show that the weather has a significant impact on the two travel modes, and only when the impact of the weather on them is within a certain threshold range, can the benefits of the two travel modes be accurately compared.

Original languageEnglish
Title of host publication2020 IEEE 5th International Conference on Intelligent Transportation Engineering, ICITE 2020
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages60-65
Number of pages6
ISBN (Electronic)9781728194097
DOIs
Publication statusPublished - Sept 2020
Externally publishedYes
Event5th IEEE International Conference on Intelligent Transportation Engineering, ICITE 2020 - Beijing, China
Duration: 11 Sept 202013 Sept 2020

Publication series

Name2020 IEEE 5th International Conference on Intelligent Transportation Engineering, ICITE 2020

Conference

Conference5th IEEE International Conference on Intelligent Transportation Engineering, ICITE 2020
Country/TerritoryChina
CityBeijing
Period11/09/2013/09/20

Keywords

  • Island travel mode
  • game theory
  • power structures
  • pricing
  • sea bus

Fingerprint

Dive into the research topics of 'A Potential Way of Island Travel: Sea Bus'. Together they form a unique fingerprint.

Cite this