Dynamic Pricing & Matching Policies for Ridesharing
This study analyzes Chicago's ride-sharing data, exploring pricing, rider willingness to pay, and wait times. High-demand areas near Downtown Chicago contrast with sporadic outskirts demand, influencing pricing strategies. We develop a nuanced pricing policy, considering system states and potential rider matches. Dispatch decisions rely on the likelihood of successful matches, resorting to solo dispatches under certain conditions. Our policies aim for profitability amid dynamic system states characterized by riders' willingness to pay, their maximum waiting times, and different ride locations.
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Figure: Pickup Count in Chicago
Modeling the Dynamics of City-Centers
Modern urban forms can be broadly categorized as monocentric, with a dominant city center, or polycentric, with multiple equally dominant centers of attraction. This work quantifies these forms using data from the state-of-the-art TimeGeo model, which includes LBS data for synthetic agents calibrated on real-world travel-demand data. We analyze the location data of various facilities, which indicates local attractiveness akin to a city center. Combining this with average daily travel distances, we propose metrics to assess monocentricism and polycentricism in two US cities: Boston and Los Angeles.
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Modern urban forms can be broadly categorized as monocentric, with a dominant city center, or polycentric, with multiple equally dominant centers of attraction. This work quantifies these forms using data from the state-of-the-art TimeGeo model, which includes LBS data for synthetic agents calibrated on real-world travel-demand data. We analyze the location data of various facilities, which indicates local attractiveness akin to a city center. Combining this with average daily travel distances, we propose metrics to assess monocentricism and polycentricism in two US cities: Boston and Los Angeles.
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Figure: POI's in Boston