Model for taxicab fares

Abstract

newlineIn Chennai auto rickshaws autos are the For Hire Vehicles newline FHV or taxis An estimated 50 000 plus autos move about 1 5 million newlinepeople a day as the to door transit The behaviour of auto drivers newlinecontinues to be a subject for the media There has been no academic newlineresearch addressing this problem This thesis attempts to fill this gap newlineThe problem has to be seen as of a system with all stake newlineholdersand#151;drivers passengers owners manufacturers public capital and newlineregulators While regulation and enforcement are important the fare can newlinebe scientifically designed to reward desired behavior and extinguish newlinedeviant behaviour of any stake holder newlinePrice is used extensively to influence behaviour of people in newlineProducts services and utilities A and#145;fareand#146; is a price for the FHV service A newlinegood fare structure can satisfy the needs of all stake holders The more newlinethe visible the factors in a fare the better it will influence the behaviour newlinethe stake holders newline