| Shasta County RTPA | ATTACHMENT F - Page 2 of 2 | |||||||||||
| Analysis of Extended Hours Services | ||||||||||||
| RABA Proposal | ||||||||||||
| FIXED ROUTE | ||||||||||||
| Average | Average | Proposed | Percentage | Elasticity | Reduction | Projected | Fare | Cost of | Projected | |||
| Route No. | Hourly Riders | Fare | Fare | Increase | of Demand | In Demand | Riders | Revenue | Service | Farebox | ||
| (5:30 & 6:30) | 2002 SCO | LSC | % | |||||||||
| 2 | 10 | 0.635548 | 1.00 | 57.34% | -0.35 | -20.07% | 8 | 7.99 | 46.76 | 0.170936 | ||
| 4 | 9 | 0.635548 | 1.00 | 57.34% | -0.35 | -20.07% | 7 | 7.19 | 46.76 | 0.153842 | ||
| 6 | 7.5 | 0.635548 | 1.00 | 57.34% | -0.35 | -20.07% | 6 | 5.99 | 46.76 | 0.128202 | ||
| 11 | 12 | 0.635548 | 1.00 | 57.34% | -0.35 | -20.07% | 10 | 9.59 | 46.76 | 0.205123 | ||
|
|
30.77 | 187.04 | 0.164525 | |||||||||
| Increases in the passenger fare price requires a review of fare elasticities. Fare increases will likely reduce general public ridership for persons who choose to ride a bus. The RABA LSC report uses an elasticity of -35% for general public passengers and -25% for senior/disabled passengers. The percentage of fare increase is multiplied by the elasticity rate to determine the percentage of decrease in ridership due to fare increases. | ||||||||||||
| DEMAND RESPONSE | ||||||||||||
| Average | Average | Proposed | Percentage | Elasticity | Reduction | Projected | Fare | Cost of | Projected | |||
| Route No. | Hourly Riders | Fare | Fare | Increase | of Demand | In Demand | Riders | Revenue | Service | Farebox | ||
| (5:30 & 6:30) | 2002 SCO | LSC | % | |||||||||
| N/A | 2 | 1.410221 | 2.00 | 41.82% | -0.25 | -10.46% | 2 | 3.58 | 46.76 | 0.076599 | ||