Formulation of a bus dispatching policy to achieve simultaneous economic and financial optimization of a route

Abstract

Dispatching of buses on a route is a vital element of a good bus service, whether the private sector or the government operates it. Buses could be dispatched according to two general criteria, i.e. economic and financial. Under economic criterion, buses would be dispatched considering the economic benefit to the country as a whole. Under financial criterion, only the financial benefit to the operator is considered.