Egg Centric
Established Member
Just had a "spark" of an idea which I hereby release to RailUK Tickets (and Trainsplit) only - up to you guys what you do with it (probably nothing) and anyone else can pay me now that I have put this in public writing hehe
Given the state some of the rail network is in at present, it may be interesting to add an "expected delay repay" feature for those of us with a higher risk appetite.
To keep the maths very simple, imagine that an open return between Darlington and London was £100, whilst an advance single was £35.
Suppose that trains could be either on time, or delayed by 3 hours.
And suppose that trains were delayed 50% of the time.
In this scenario, someone with a high risk appetite - or who is doing the journey multiple times - is better off getting the open return. Why? Because they will have to shell out the £100 for the open return 1/4 of the time. The other 3/4 of the time, they pay nothing as they can claim the entire thing back on delay repay, even if only one of the trains is delayed, since the 3 hour delay on either leg is enough to "stuff" the other. The expected price of the ticket is £25.
On the other hand someone getting two advance singles has an expected price of £35. 1/2 the time they will be paying £35 as only one service will have the 3 hour delay. 1/4 of the time they will be paying £0 as both will have the 3 hour delay. And 1/4 of the time they will pay £70 as both services are on time.
I chose these examples to make the maths simple but my actual intended use case isn't really these huge delays - it's more about the concept of producing itineraries with such things as:
And so on - so that those of us who are prepared to put up with a bit of inconvenience could save in this way. The primary market is business travellers who are usually allowed to keep delay repay and are also quite likely to be travelling first class, so the sums involved can be reasonable amounts.
Given the state some of the rail network is in at present, it may be interesting to add an "expected delay repay" feature for those of us with a higher risk appetite.
To keep the maths very simple, imagine that an open return between Darlington and London was £100, whilst an advance single was £35.
Suppose that trains could be either on time, or delayed by 3 hours.
And suppose that trains were delayed 50% of the time.
In this scenario, someone with a high risk appetite - or who is doing the journey multiple times - is better off getting the open return. Why? Because they will have to shell out the £100 for the open return 1/4 of the time. The other 3/4 of the time, they pay nothing as they can claim the entire thing back on delay repay, even if only one of the trains is delayed, since the 3 hour delay on either leg is enough to "stuff" the other. The expected price of the ticket is £25.
On the other hand someone getting two advance singles has an expected price of £35. 1/2 the time they will be paying £35 as only one service will have the 3 hour delay. 1/4 of the time they will be paying £0 as both will have the 3 hour delay. And 1/4 of the time they will pay £70 as both services are on time.
I chose these examples to make the maths simple but my actual intended use case isn't really these huge delays - it's more about the concept of producing itineraries with such things as:
- minimal (but legal) connection times
- historically delayed/cancelled services
- busy services that would activate seat guarantees
And so on - so that those of us who are prepared to put up with a bit of inconvenience could save in this way. The primary market is business travellers who are usually allowed to keep delay repay and are also quite likely to be travelling first class, so the sums involved can be reasonable amounts.