Generalized Cost

Generalized Cost is a comprehensive measure used to evaluate the true expense of traveling from one point to another. It considers not just the monetary fare but also factors like travel time, comfort, convenience, and other direct or indirect costs. Essentially, it helps compare different transportation options by accounting for all relevant aspects, allowing travelers or planners to identify the most efficient or cost-effective choice. By capturing the full impact of a journey, Generalized Cost provides a more complete understanding of the true "price" of travel beyond just ticket prices.