| Title: |
Planning and Economic Feasibility of Electric-Connected Automated Microtransit First/Last Mile Service Under Uncertainty |
| Authors: |
Ata M. Khan |
| Source: |
Future Transportation ; Volume 5 ; Issue 1 ; Pages: 19 |
| Publisher Information: |
Multidisciplinary Digital Publishing Institute |
| Publication Year: |
2025 |
| Collection: |
MDPI Open Access Publishing |
| Subject Terms: |
microtransit; shared mobility; connected automated vehicle; shuttle; electrification; first/last mile service; risk analysis; uncertainty; economic feasibility; sustainability |
| Description: |
Electric-connected automated vehicle (CAV) shuttles, as a part of the sustainable microtransit system, have the potential to fill public transit service gaps. Following technology and traveler acceptance tests that are underway around the world, mass-produced CAVs will be considered for shared mobility service, including “first/last mile” travel between public transit hub stations and medical campuses or other activity centres. Thus, there is a need for increased knowledge on treating risk in such applications. This paper covers the planning and economic feasibility of an advanced technology level 4 automated vehicle-based microtransit system, considering uncertain service and economic feasibility factors. The methods used are advanced for addressing uncertainties in travel demand, service factors, and the economic feasibility of investments by public and private sector entities. Specifically, a probability-based macro simulation approach is used to treat demand and supply-side service factors as stochastic, and it is adapted for risk analysis in financial decision-making. The effects of uncertain life-cycle costs on fares and the rate-of-return are described. Results are favourable regarding the technical and economic feasibility of advanced technology-based microtransit first/last mile service. The findings reported here are a contribution to knowledge on the feasibility of implementing CAV-based first/last mile, and other microtransit services, under uncertainty. |
| Document Type: |
text |
| File Description: |
application/pdf |
| Language: |
English |
| Relation: |
https://dx.doi.org/10.3390/futuretransp5010019 |
| DOI: |
10.3390/futuretransp5010019 |
| Availability: |
https://doi.org/10.3390/futuretransp5010019 |
| Rights: |
https://creativecommons.org/licenses/by/4.0/ |
| Accession Number: |
edsbas.770DE39B |
| Database: |
BASE |