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FSUTMS Comprehensive Modeling Workshop - Cambridge ...

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PT Best Path Pathbuilder<br />

►Generalized Cost Process<br />

Generalized Cost measures the main components<br />

of transit trips.<br />

There are three broad components of transit trips:<br />

Time (Walk (non-transit), Wait, and In-Vehicle)<br />

Inconvenience (Boardings and Transfers)<br />

Cost (Fare)<br />

Generalized Cost is usually a linear function of the<br />

components, weighted by coefficients.<br />

<strong>FSUTMS</strong>--CUBE MODELING TRAINING SERIES<br />

57<br />

PT Best Path Pathbuilder<br />

►Generalized Cost Process (Cont’d)<br />

The coefficients incorporate the significance of<br />

time, inconvenience, and cost in the passengers’<br />

perception and converts the components to a<br />

common unit.<br />

Generalized Cost is measured in time in the PT<br />

program.<br />

<strong>FSUTMS</strong>--CUBE MODELING TRAINING SERIES<br />

58<br />

7-29

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