DEVELOPMENT OF A TRANSIT COST ALLOCATION FORMULA

Abstract

Operating cost data from the Metropolitan Dade County Transit Authority for fiscal year 1965 were analyzed to develop a simple cost allocation model that could be applied to any bus transit property. Four variables were used to determine average daily cost of route operation: vehicle-miles of service, vehicle-hours of service, passenger revenue, and peak vehicle needs. This model was compared with a two variable model comprised of vehicle miles and vehicle hours. It was found that for long term planning projections a simplified operating cost formula such as the two variable model was adequate. However, for short range service improvements and detailed fiscal planning, the four variable model is more appropriate.

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