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http://dx.doi.org/10.7470/jkst.2015.33.2.125

Perceived Features of Cycling and Value of Public Bike System  

Kim, Junghwa (TOD-based Engineering Research Center, Ajou University)
Choi, Keechoo (Department of Transportation System Engineering, Ajou University)
Kim, Suk Hee (Department of Urban and Environment, Suwon Research Institute)
Publication Information
Journal of Korean Society of Transportation / v.33, no.2, 2015 , pp. 125-135 More about this Journal
Abstract
In this study our main focus is to verify the relationship between social value of transportation system and its perceived features. To achieve this objective, we investigated the value of public bike system (PBS) through willingness to pay (WTP) analysis using contingent valuation method (CVM) and the survey was conducted for 1726 respondents who live in Suwon, Korea. Moreover the determinants related to features related to bicycle use were also gathered. The estimated binary logistic regression and censored regression reveal that the value of PBS is influenced by perceived features towards bicycle use incorporating non-congestion, transportation mode like auto and bus, and high mobility system as well as other variables such as income, bicycle ownership etc. Furthermore the results show that the perceiving of positive features to bicycle use leads to higher social value of PBS. Based on the findings, we discuss the importance of pre-review for transport policy implementation, and also explore the possibilities for application to PBS.
Keywords
CVM; censored regression; cycling; logistic regression; public bike; tobit model; WTP;
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Times Cited By KSCI : 2  (Citation Analysis)
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