Forum > Developing Inputs > How should one calculate the Parking Cost input variable?

How should one calculate the Parking Cost input variable?

Erich RentzJun 3, 2015

Is there more guidance available on calculating the parking cost input variable? Does this include entire population or just those that pay to park? Should the parking cost variable be generalized or categorized by region?

Replies

Erich Rentz Jun 3, 2015

The parking cost variable (“PkgCost”) is the average daily parking cost for those who incur a fee to park. If the paid parking varies across the region, then the “PkgCost” value should reflect the average of those parking fees, but weighted by the supply – so if most in the Center City, then the average will be heavily weighted towards the price in the Center City.

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