Aala Lan
Aala Lan
INTRODUCTION
public transportation system in the barangays. This mean that resident often
have to rely on private transportation such as taxis or private cars which can be
lead to higher prices for services. Transportation is the movement of goods and
persons from place to place and the various means by which, such movements is
accomplished. The growth of the ability and the need to transport large quantities
of good as number of people over long distance at high speeds in comfort and
may need to travel to urban center for work, education or other essential services
and the costs of transportation can be high especially if they have to travel long
distance.
the impact of high transportation costs. Low income households may struggle to
afford the cost of transportation, and may have to allocate a larger portion of their
income towards transportation expenses, leaving them with less money for other
essential expenses.
The reason why the researchers conducted the study is to know the
impacts of the high price transportation and help the residents to adjust
Overall, the high price transportation and it’s impact on the financial status
This study aims to explain the factors that affects the financial status of
The Following are the specific Question the researcher will answer
Questions:
a. distance;
b. transportation medium;
c. gasoline price?
2. What is the financial status of the residents in barangay Lamsugod in terms of;
a. salary;
b. savings;
c. expenses?
3. What is/are the effect/s of transportation fare towards the financial status of the
barangay Lamsugod. The researchers conducted this study to know what are the
Surallah, South Cotabato in the year 2023. Quantitative method is applied in the
High price transportation is one of the factors that affects the financial status
of the residents that leads to shortening their allowance and adjustment on their
budget. Rural areas, as reported, uses local transportation to optimize routes and
distance.
This study focuses on the effect of high price transportation to the residents of
To the student, this will provide them information about their rights regarding
to transportation fare.
To the residents, the findings may inform them on the possible effective way
with regards to budgeting their money for their everyday expenses including their
transportation fare.
To the researcher, this study may be use to know what are the reasons why
of it.
To the future researchers, this study may serve as a basis for related
incomplete data that may result for insightful solution regarding to increased
transportation fare.
CHAPTER 2
This chapter discusses the related literature, studies and other readings that
Related Literature
Transportation Fare
When you say you want to give someone transport fare, you are not
only giving the person money for transportation, but you are also giving him or
her an error. That is a grammatical error called tautology, a concept you should
by now be able to define, based on how regularly we discuss it. It means the
saying of the same thing twice over in different words, generally considered to be
a fault of style, according to Oxford Dictionary. This is the problem with ‘transport
fare’. People readily demand or give TF. They also indicate such in budgets, just
as they use the acronym in other financial transactions. This means they are also
indirectly using the expression ‘transport fare’ even if in a coded way, since TF
means Transport Fare. So, TF too is tautological. ‘Fare’ means ‘the money you
pay for a journey in a vehicle such as a bus or train’. Put differently, it means
money you pay for transportation. As a result, it does not require the support of
referring to the amount you pay to the taxi guy, just call it ‘fare’ and move on
countries, public subsidies. The most common way to collect passenger fares is
by cash payment on the vehicle (for bus and light rail systems without closed
stations) or upon entry to the station (for systems requiring entry through closed
stations). Normally, the driver collects fares, although some intensively used bus
and light rail systems carry conductors on the vehicles to collect fares and make
change. Because making change slows the boarding process, most American
cities to use an honour fare system, in which the passenger purchases a ticket
before entering the vehicle, cancels that ticket using an on-board machine, and
Network Vehicle Services following petitions by transport groups after the agency
“recognized the need for a fare increase following the continuing rise of oil prices”
any applicable rights or restrictions and the payment of the relevant price, to
make one or more journeys on the network or to carry on such a journey an item
of luggage or an animal (where this right does not arise under the relevant
obtain goods or services from a person; and (b) for the purposes only of
That same care should also be applied to a shipper’s financial supply chain.
freight payment provider’s financial stability, its risk of defaulting, the visibility it
offers into its payment process and the degree of control it exerts over funds.
Ultimately, the only institution that can guarantee funds will be delivered exactly
Distance
Linehaul costs, costs that are a function of the distance over which a
unit of freight or passenger is carried. Weight is also a cost function when freight
is involved. They include labor and fuel and commonly exclude transshipment
costs. Distance is commonly the most basic condition affecting transport costs.
The more difficult it is to trade space for a cost, the more the friction of distance is
transportation mode involved and the efficiency of specific transport routes (Dr.
stated preference data from Athens, Greece, this paper investigates perceived
travel time characteristics in a post-economic recession era, using logistic and
linear regression models. Two types of models are developed. The first type
and waiting for a shorter or longer period. The second type investigates the
components to the total perceived travel time. Results are compared to those
service). Yet little attention has been given to the role of service quality and travel
time as determinants of transport costs, due largely to the lack of relevant data
European market, this may be particularly important where road and maritime
transport (short sea shipping) compete with each another for some destinations.
In this paper, we aim to fill these research gaps (Anderson and van Wincoop,
2004).
However, I find the puzzling results that business enterprises are likely to pay
more for short-distance shipments by truck, ship, and railroad transportation. As
2010).
Transportation Medium
number of trips will result in additional fuel as well as labor ccost (ValQ, 2021).
Vehicle operating costs refer to costs that vary with vehicle usage,
costs (Booz Allen & Hamilton, 1999). Projects that alter vehicle miles traveled,
traffic speed and delay, roadway surfaces, or roadway geometry may affect
analysis. Vehicle ownership costs refers to fixed costs that are not directly
and registration fees, financing, and residential parking. Projects that change per
conditions, which involve a specific cost structure. While trucking offers flexibility
and accessibility, it comes with a higher cost structure than rail. The same
(e.g. by public transit). Wages, fuel, and insurance, which are the main cost
economy. These factors include the packaging of the commodities since they
increase the weight and the value of goods. Secondly is the mode of
the goods. Thirdly is the fuel prices since they constantly change in the economy.
An increase in fuel prices will lead to a rise in the final cost of a commodity.
Fourthly, security required while transporting the products will influence the final
and the speed at which the delivery needs to be made, each mode of transport
has its own advantages and disadvantages. Sometimes, depending on the client,
transport may be needed to deliver the goods to their destination (Navata Road
Transport, 20218).
Gasoline Price
The Philippines is currently seeing high fuel prices, and the public
transportation sector is currently reeling from the effects as drivers are forced to
pay for expensive gas. Although rollbacks could happen in the future, it won’t
change the fact that fuel costs are still high worldwide. From regular commuters
by rising fuel costs that effectively increase gas prices, transportation rates, and
During the 1990s and the first part of the 21 st century, the high
availability and low cost of transportation services relative to the cost of holding
customers through such means as just-in-time delivery. But things have changed
dramatically in the last decade, and companies increasingly are calling such
escalating oil prices and an imbalance of supply and demand for freight transport
2014).
When the price of fuel goes up, carriers are required to increase their
prices or take some losses. The rising costs of fuel affect the whole industry in
that if it costs more for the freight carrier to transport goods, the shipper is
charged more to transport those goods to make up for the increased costs. Also,
prices by limiting or rationalizing (e.g. speed) their usage level. Trips can be
Increase of price P will result in a usage level change of Q. This function is rarely
linear. At first, price increases may have limited effects as they are simply
absorbed with the expectation that they are a temporary condition. Once a
marginal and extraneous usage will be cut until a new equilibrium is reached.
Usage for this mode is said to have reached a paradigm shift. High petroleum
vehicle use and gasoline prices (Dr. Jean-Paul Rodrigue and Dr. Theo
Nottebomm, 2020).
Passenger rail operators must also consider the impact of reduced oil
prices for both short-haul commuter trips and longer-range interstate travel.
Specifically, as oil prices fall, the relative cost of driving falls, which can lead
passengers to shift from public transit private vehicles—a mode of transport that
is typically quicker and more convenient. This would impact the income of
municipal and state authorities, which rely on ticket sales to fund ongoing
Financial Status
monetary affairs. There are many dimensions to financial health, including the
amount of savings you have, how much you’re putting away for retirement, and
was estimated at PhP 149.98 thousand. This is higher by 0.2 percent from the
PhP 149.71 thousand in the same period of 2018. The 19 th series of the Family
Income and Expenditure Survey (FIES) this 2021 uses, for the first time, a
line with the Fourth Industrial Revolution’s rapid pace of change (velocity),
scope, and broad impacts. The Computer Aided Personal Interviewing (CAPI)
system replaces the traditional Paper and Pencil Interviewing (PAPI) used in
previous survey rounds of the FIES. In using the CAPI system, there is no need
The majority identify lack of income as the main reason for running
short of money for basic necessities. Among households earning less than
10,000 Pesos ($217), 62% report lack of income as the reason. Somewhat
surprisingly, 64% among those with income of 50,000 Pesos ($1,086) or more
also say that lack of income is the reason for not having enough money for basic
necessities. However, insufficient income is not the only story. Among other
budgeting. Among these options, the least likely to be selected is a failure to plan
There are over 5.6 million Filipino families living in poverty as of 2022,
Social Welfare and Development (DSWD). This is an increase from 5.2 million
families who were identified as poor during the Listahanan 2 survey, which was
were surveyed by DSWD’s enumerators. The rise in the number of poor families
was mainly due to job losses triggered by the pandemic, DSWD information
Among the Filipinos surveyed, 69% said that the pandemic has lasted
longer than expected, with 40% thinking that it will last another year, and 9%
saying it will never end. Nearly two-thirds (64%) also show a readiness to live
with COVID-19 and get on with life as best they can. This attitude reflects how
the Filipino public has largely accepted and adapted to living with COVID-19, as
they continue to confront Omicron and other variants. “The realities of the past
two years living with the pandemic have given many Filipinos a clearer lens on
and concerns continue to impact everyday life,” said Richard Bates, President
and CEO, Manulife Philippines. “At the same time, it’s heartening to see Filipinos
adapting to COVID-19 the best they can, which drives us to continue to work
towards meaningfully meeting the health and protection needs of Filipino families
Savings
better accommodate both savings and investors. Savings and the financial
system are intrinsically connected. The financial system provides you with the
bridge you need to be connected to individuals willing to borrow your money and
pay you for having used your money. The household’s savings are channeled to
investors who are in demand of funds to expand their businesses or open a new
Saving is one of the most basic (and most repeated) bits of financial
advice out there. Despite the importance of saving money, many of us aren’t
following through on that tip. When it comes to doing the right thing financially,
just knowing you should save isn’t enough. And that makes sense. It’s tough to
and put in all that effort in the first place. After all, saving money takes discipline
feel the stress of knowing that they are only a paycheck or two away from
financial disaster because they lack money to fall back on when “stuff happens.”
Specific examples include job loss, disability, a car breakdown, a sick child or
“backstop” for life’s uncertainties and increases feelings of security and peace of
provide the “seed money” for higher-yielding investments such as stocks, bonds,
having a definite financial goal and following it diligently. Whether your goal is
just having enough resources to fund your dream. Trip abroad or to prepare for
money. Most people count on just having savings to fulfill their long-term financial
savings account. There’s also the concept of investing your money, but some
people shun the idea because they are afraid of losses due to risks (Rala, 2020).
Simply making money won’t help you build wealth if you end up
spending it all. Moreover, if you don’t have enough money saved up for your
near-term obligations (like bills, rent, or mortgage) or for an emergency, then you
should prioritize saving enough above all else. Many experts recommend having
several months’ (e.g., three to six) worth of income saved up for such situations
Salary
With a high paid job the money flow in the economy increases in a
variety of ways. Firstly the company hiring a person on a high pay will always try
to utilize the intellect in a possible way. One who is highly qualified can engage
his ideas in getting business and provide service in a wide field and also from
abroad as well. This would lead to a rise in GDP. Gross Domestic production is
the result of the summation of the total production that took place in the economy
It’s normal to ask for higher pay or more benefits before accepting a
job offer. Most professionals agree that you should always negotiate salary when
starting a new job. This is likely the easiest and most crucial time to talk about
money. If you neglect to negotiate at the time of hiring, it could be slightly more
A high paid job satisfies one’s basic needs and at the same time
provides the key to spend the surplus in fulfilling one’s dreams like buying
homes, cars and another luxury lifestyle. It’s true that money counts, but while
choosing a career one should be very cautious in deciding the salary advantages
and disadvantages of high paying jobs in the long run (Chitra Reddy, 2016).
Expenses
Cash flow statements describe changes in the amount of cash and cash
equivalents a business has on hand. This is not the same as profit or loss, which
is detailed on a company’s income statement. The bottom line of the cash flow
statement is simply the net change in the money available to pay the firm’s bills.
Items on the cash flow statement fall into three general areas: operating
statement are items that decrease the amount of cash available (William Adkins,
2023).
having dreams and having goals. Saving money is an active choice; you won’t
end up with the same results if you make saving a passive after-thought in your
budget. The next time you think about your bills, expenses and obligations, factor
savings into your budget as an expense category and pay yourself first.
Regardless of how you save or what kind of account you put your saved money
into, make the choice to give yourself money to spend later. It’s a habit you won’t
item in the income statement. The income statement shows the financial results
of a business for a designated period of time. An expense appears more
indirectly in the balance sheet, where the retained earnings line item within the
equity section of the balance sheet will always decline by the same amount as
Related Studies
Foreign Studies
authors) (2006) The demand for public transport: The effects of fares, quality of
service, income and car ownership. Transport Policy, fares are fundamental to
the operation of public transport since they form a major source of income to
demand curve. Usually this is expressed through the concept of ‘elasticity’. In its
simplest form the value of the fares elasticity is the ratio of the proportional
when, as is usually the case, fares and patronage are inversely related: an
increase in fares leads to a decrease in patronage and vice versa. If the value of
the elasticity is in the range zero to -1, then a fares increase will lead to
increased revenue. If the value exceeds -1, then a fare increase will lead to a
decrease in revenue1. Fare elasticities are dynamic, varying over time for a
considerable period following fare changes. Therefore it is increasingly common
run elasticity values. There are various definitions of short-, medium- and long-
other modes. The usual method to take into account the effect that other modes
have on the demand for a particular mode of public transport is to use cross-
elasticities, estimating the demand elasticity for a competing mode with respect
to the change in the given mode. Fare elasticity varies significantly depending not
only on the mode, and the time period over which it is being examined, but also
overview of fares elasticities and the effects of various factors on the values. The
principal results of this analysis are shown in Table 1 and Figure 1. It can be
seen that, broadly speaking, bus fare elasticity averages around -0.4 in the short
run, -0.56 in the medium run and -1.0 in the long run; metro fare elasticities
average around -0.3 in the short run and -0.6 in the long run, and local suburban
rail around -0.6 in the short run. There is evidence for this in Dargay and Hanly
values. There are various definitions of short-, medium- and long-run, but most
(although sometimes as many as 20) years, while medium run is usually around
5 to 7 years.
techniques to investigate the choice of vanpool services and the effects of fare
employee data from the 1997 and 1999 Commute Trip Reduction (CTR) program
surveys from the state of Washington, a conditional discrete choice model was
built to analyze the choice of vanpool services with respect to competing means
vanpool users influence the choice of this mode of transportation with respect to
constant, the presence of vanpool subsidy increases the odds of choosing the
vanpool over the automobile. This result provides sufficient evidence of the
weighted average vanpool price elasticity value was estimated. The calculated
values indicated that vanpool demand is relatively elastic; especially when using
a nested logit model, with car and carpool under a single nest.
Local Studies
Noriel Christopher C. Tiglao were summarized into tables showing the different
codes in which these were manifested in the Pasig Design Thinking Workshop.
First on analytical policy capacity, outputs by the participants across the different
stages of the workshop showed the analytical functions and processes they
undertake considering their different role sand interests in public transport. For
stops, bus schedule, cost, occupancy, and safety; for drivers, conductresses, and
dispatcher – knowing bus assignments, schedules, and intervals; for the CTDMO
origin and destination of commuters, walkability of stops and roads, travel time,
exchange platform to collect, store, analyze, and retrieve the data needed by
further enabled the surfacing of several transport issues both in the PBS and the
broader public transport system. Comparing the PBS to other public transport
modes, the participants were particularly concerned with safety, timeliness, and
lanes, and not driving smoothly. Often raised by the participants is the heavy
traffic in the city which is experienced whether taking the PBS or other public
transport modes. Meanwhile, front liners from the CTDMO (drivers, dispatchers,
persistent at loading and unloading in improper stops, rude, littering, and not
being able to arrive at the scheduled time at the stops, hence being left by the
PBS. The raising of these concerns also reveals the priority factors and
respondents said that they made use of 3 transportation modes, 25% used 2
modes, 19% used 4 modes, 11% used 1 mode, 6% used 5 modes, and 3% used
becomes 3. During the first parts of the journeys, the mostly used transportation
modes were the Jeep, Others, Bus, Foot, MRT, in descending order. During the
later parts of the journeys, the mostly used transportation modes became the
Others, Foot, and Jeep.For “Per Trip Basis” meaning the whole journey of the
commuter from origin to destination point: minimum travel time was 5 minutes
(travels with only 1 mode used, usually the jeepney or others – trike) and
maximum was 258 minutes (a travel from Paranaque to Katipunan consisting of
Average travel time per trip was 73 minutes. In terms of travel cost, the minimum
cost for 1 travel is 0 (pertaining to a travel that only consists of 1 mode of travel:
by foot) and maximum travel cost was Php 222 (a trip consisting of 2 modes:
others and then jeepney). Average travel cost per trip is at Php 40.Aggregating
all the different legs (per transportation mode used) of all journeys, we get 771
legs, which comprises the “Per Mode Basis.” Minimum travel time was 1 minute
(a trip that used “Others” as the transportation mode) and maximum was 150 (a
travel from Dasmarinas Cavite to Ayala Makati using a bus). Average travel time
for all modes was 25 minutes. In terms of travel cost, the minimum was 0 (for
trips that were made by foot) and maximum travel cost was Php 180 (a trip that
used “Others” as the transportation mode). Average travel cost for all modes is at
Php 14.Of the 771 legs, 31% of them were travelled using Jeepney, 21% used
“Others,” 16% walked by foot, 12% journeyed by bus, 10% was by riding the
MRT, 7% by the LRT2 and 3% by the LRT1. Focusing on the “Others” option, it
was found out that 60% of this was comprised of Tricycle journeys, 17% by Vans,
and the last 1% by the PNR line. Aggregating these two data, we get all of the
Split.” The “Modal Split” is as follows: jeepneys still get the top position with 31%,
Foot with 16%, Trike with 12%, Bus with 12%, MRT with 10%, LRT2 with 7%,
Van with 4%, LRT1 and FX with 3% each, Car and Taxi with 1% each, Trolly with
almost 0%.The top transportation modes that took the longest total travel times
were Jeep, Bus, Others; the top transportation modes that took the longest
average travel times were Bus, MRT, LRT1. The transportation modes that
garnered the highest aggregate transportation cost were Others, Bus, Jeep; the
modes that got the highest average transportation costs were Others, Bus, LRT1.
Conceptual Framework
Figure1
On the variable with regards to transportation fare the following are the
considered essences: distance, the type of vehicle and the cost of gasoline.
Financial status conceives the following sub-variables such as: Based on salary
Hypothesis
The high price transportation has an effect to the financial status of the
Definition of Terms
is one of the factors affecting the transportation fare, the longer it is the higher
the fare.
Operationally, it something residents use to travel, and the fare depends on what
crude oil as well as distributing and marketing the gasoline, in addition to state and
resource ( Oxford Dictionary). Operationally, it is one of the things used to determine the
Expenses: Theoretically, it is the cost required for something; the money spend
the residents.