1 INTRODUCTION
Transport has a huge impact on daily basis in New Zealand. It is known that New Zealand currently spends billions of dollars on transport (Ministry of Transport, 2014). Transport has become one of the biggest factors contributing in energy consumption and economic growth in New Zealand and Ministry of Transport have introduced four scenarios in order to make flexible investment options. Ministry of Transport have considered a change in oil price and digital technology advancement in determining the four future scenarios. Societal change has been mentioned and social preference of virtual or physical interaction were also considered along with telecommunication advancements.
2 FACTORS IMPACT ON PERSONAL TRANSPORT DEMAND
2.1 Oil …show more content…
However personal transport demand cannot be predicted by societal change itself. This is because other factors can influence society preferences and other factors can be influenced by social preferences.
3 CONCLUSION
In determining important factors, it is noticeable that factors are correlated. Factors, such as oil price, technology development and societal change was used, as it directly relates to the demand of transport. Technologies creates more options of transportation to the society and oil price affects the cost of transportation. Technology and oil price can be determined by social preferences, while social preferences can be limited by the change in oil price and technology.
Personal transport demand is difficult to predict, as there are many uncertainties in the factors itself. However, using constant trends such as technology development and oil prices over long time period, it is possible to narrow down possible scenario of 2042. With predictions of increase in oil price and technology improvements of its efficiency in both virtual (telecommunication) and physical (transportation) interaction. This certifies that personal transport demand can be predicted to decrease in
Transport has a huge impact on daily basis in New Zealand. It is known that New Zealand currently spends billions of dollars on transport (Ministry of Transport, 2014). Transport has become one of the biggest factors contributing in energy consumption and economic growth in New Zealand and Ministry of Transport have introduced four scenarios in order to make flexible investment options. Ministry of Transport have considered a change in oil price and digital technology advancement in determining the four future scenarios. Societal change has been mentioned and social preference of virtual or physical interaction were also considered along with telecommunication advancements.
2 FACTORS IMPACT ON PERSONAL TRANSPORT DEMAND
2.1 Oil …show more content…
However personal transport demand cannot be predicted by societal change itself. This is because other factors can influence society preferences and other factors can be influenced by social preferences.
3 CONCLUSION
In determining important factors, it is noticeable that factors are correlated. Factors, such as oil price, technology development and societal change was used, as it directly relates to the demand of transport. Technologies creates more options of transportation to the society and oil price affects the cost of transportation. Technology and oil price can be determined by social preferences, while social preferences can be limited by the change in oil price and technology.
Personal transport demand is difficult to predict, as there are many uncertainties in the factors itself. However, using constant trends such as technology development and oil prices over long time period, it is possible to narrow down possible scenario of 2042. With predictions of increase in oil price and technology improvements of its efficiency in both virtual (telecommunication) and physical (transportation) interaction. This certifies that personal transport demand can be predicted to decrease in