RETRACTED: Rail transit corridor design modeling based on TOD project development

Abstract

Transit-oriented development zones (TODs) are mixed-use residential or commercial areas that aim to maximize the use of public transportation, and often include functions that encourage public transportation. This paper proposes establishes an equilibrium model for designing the rail transit corridor considering the development of TOD project. The proposed model features the choice of living place. Further, house rent, travel cost and the capacity constraints of TOD's housing supply were also considered in this model. The objective function of model optimization is to maximize profit and maximize social welfare. Results show that while TOD near the CBD station can significantly improve the revenue of rail operation, while TOD far away from the CBD station may increase land use profit due to low land price.