My view on public transport efficiency
I have records of some journeys made by public transport for my analysis. The model I use is the generalised cost of the journey taken in isolation. In the value of time conversion, I currently use HKD 12.0 per hour as a passenger and HKD 18.0 per hour for walking, waiting or driving, using the price index of January 2015. These figures may be adjusted if I find them contrary to my personal preferences. I consider, if the generalised cost…