In trip calculation, it is observed that a Wal-Mart store driver successfully made a total of 104 trips in a given period of time. During field calculation, it is shown that the calculated number of trips is actually 128. What is the value of the adjustment factor?
The value of adjustment factor calculation is based on the Wal-Mart store driver rating given the general system characteristics on the trip scale of 0-128. The 0 represents no influence on the field trip with 128 showing the strong influence. The following characteristic shows the general functionality of adjustment factor value application.
Formulae:
VAF= (65+TDI)/100
TDI=Sum of the trip rating
They include trip data, field calculation and trip functional specifications
VAF= (65+104)/100
VAF=1.69
b. In the City of Joplin, due to weather devastation and hurricane effects, the cost of parking in the local Square has increased by 20%. This change has not only reduced the number of vehicles that travel to the Square by 5%, but it has also forced the inhabitants of Joplin to use buses. Bus trips have therefore increased to 20%. With respect to the cost of parking in the local Square, determine the elasticity of vehicle traffic.
Percentage increase of parking = 20%
Current mode of transport = Bus
Increased bus trips = 20%
Cost of Parking = x
20 x 100 / x = 2000/x
2000/ x x 5 = 2000/5 x
2000/ x / 20 = 200/5x
X = 40
c. Elasticity can be defined as percentage change in demand for a 1% change in decision attribute. For linear aggregate demand, what is the mathematical representation/formula for this statement? You must define the parameters you choose to use for this answer.
q = A – B *p
q = q1 + q2
A and B are Constant
d. In the City of Joplin, due to weather devastation and hurricane effects, the cost of parking in the local Square has increased by 20%. This change has not only reduced the number of vehicles that travel to the Square by 5%, but it has also forced the inhabitants of Joplin to use buses. Bus trips have therefore increased to 20%. With respect to the cost of parking in the local Square, determine the elasticity of vehicle traffic.
The elasticity measure with respect to the parking cost in the local square is one variable in response to the respective change of the variable trips. The values calculation is arc elasticities. The measure calculates the percentage changes in demand to the involved cost as the average of the values with midpoint application.
C1 = original cost = 100
C2 = final cost = 120
D1 = original demand = 100
D2 = final demand = 90
The calculation is {(D2-D1)/ (0.5*(D1+D2))}/ {(C2-C1)/ (0.5*(C1+C2))}
= (-10/95)/ (20/110)
= -10.5/18.2
= -0.58
e. In the City of Joplin, due to weather devastation and hurricane effects, the cost of parking in the local Square has increased by 20%. This change has not only reduced the number of vehicles that travel to the Square by 5%, but it has also forced the inhabitants of Joplin to use buses. Bus trips have therefore increased to 20%. With respect to the cost of parking in the local Square, determine the elasticity of bus transit.
In the measurement of the bus elasticity of bus transit in respect to the parking cost in the local square is therefore 4.5 times advanced than the elasticity with consideration to decreased number of vehicles, reflecting the relative number of Joplin inhabitants and costs
