Journal of Transportation and Logistics

JTL

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DOI :10.26650/JTL.2024.1429951   IUP :10.26650/JTL.2024.1429951    Full Text (PDF)

Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand

Nihat Can Karabulut, Halit Özen

Taxis play a pivotal role in urban mobility by offering passengers flexible, comfortable, and door-to-door services. Despite the advent of the sharing economy, ensuring the continuity of traditional taxi services necessitates profitability analyses. For this reason, this study focuses on the economic profitability of trips made at a taxi stand serving the urban arteries of Istanbul. With the aim this, a survey was conducted among the drivers of a taxi stand. Subsequently, a model was developed, incorporating factors such as the number of trips (TRP), total trip distance (DST) and efficiency (EFF), which impact the profitability of taxi services. The modeling approach employed in this study is Response Surface Methodology (RSM). Additionally, contour plots were utilized to provide a more accurate assessment of the effects of factors. The results indicate that the EFF factor is the crucial factor influencing the profitability of traditional taxi services. This underscores the significance of the distance covered with passengers, highlighting its importance for both the economic success of taxi services and the broader network context of urban transportation.

Keywords: Traditional taxis, profitability analysis, response surface methodology, contour plot, sustainability

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APA

Karabulut, N.C., & Özen, H. (2024). Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand. Journal of Transportation and Logistics, 9(2), 298-310. https://doi.org/10.26650/JTL.2024.1429951


AMA

Karabulut N C, Özen H. Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand. Journal of Transportation and Logistics. 2024;9(2):298-310. https://doi.org/10.26650/JTL.2024.1429951


ABNT

Karabulut, N.C.; Özen, H. Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand. Journal of Transportation and Logistics, [Publisher Location], v. 9, n. 2, p. 298-310, 2024.


Chicago: Author-Date Style

Karabulut, Nihat Can, and Halit Özen. 2024. “Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand.” Journal of Transportation and Logistics 9, no. 2: 298-310. https://doi.org/10.26650/JTL.2024.1429951


Chicago: Humanities Style

Karabulut, Nihat Can, and Halit Özen. “Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand.” Journal of Transportation and Logistics 9, no. 2 (Dec. 2024): 298-310. https://doi.org/10.26650/JTL.2024.1429951


Harvard: Australian Style

Karabulut, NC & Özen, H 2024, 'Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand', Journal of Transportation and Logistics, vol. 9, no. 2, pp. 298-310, viewed 22 Dec. 2024, https://doi.org/10.26650/JTL.2024.1429951


Harvard: Author-Date Style

Karabulut, N.C. and Özen, H. (2024) ‘Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand’, Journal of Transportation and Logistics, 9(2), pp. 298-310. https://doi.org/10.26650/JTL.2024.1429951 (22 Dec. 2024).


MLA

Karabulut, Nihat Can, and Halit Özen. “Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand.” Journal of Transportation and Logistics, vol. 9, no. 2, 2024, pp. 298-310. [Database Container], https://doi.org/10.26650/JTL.2024.1429951


Vancouver

Karabulut NC, Özen H. Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand. Journal of Transportation and Logistics [Internet]. 22 Dec. 2024 [cited 22 Dec. 2024];9(2):298-310. Available from: https://doi.org/10.26650/JTL.2024.1429951 doi: 10.26650/JTL.2024.1429951


ISNAD

Karabulut, NihatCan - Özen, Halit. “Assessment of Profitability of Small-Scale Traditional Taxi Services: A Case Study of a Taxi Stand”. Journal of Transportation and Logistics 9/2 (Dec. 2024): 298-310. https://doi.org/10.26650/JTL.2024.1429951



TIMELINE


Submitted01.02.2024
Accepted17.07.2024
Published Online19.11.2024

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