Design and Operation of Efficient and Budget-Balanced Shared-Use Mobility Systems
Neda Masoud, Assistant Professor of Civil and Environmental Engineering – University of Michigan
Shared-use mobility systems allow individuals traveling along the same routes to share (parts of) their trips. Routing/scheduling and pricing of shared-use mobility services are often considered as two separate problems due to the high computational complexity of solving the joint problem. This approach disregards the fact that both agent types (i.e., riders and drivers) in ridesharing systems are utility maximizers, and therefore the operational feasibility of a joint trip does not necessarily translate into the agents’ willingness to participate. In this project we devise a mechanism that solves the allocation and pricing problems jointly, guaranteeing individually rational and incentive compatible (within bounds) ridesharing proposals, while seeking a budget-balanced solution that does not require the system to be subsidized.
Institution(s): University of Michigan – Ann Arbor
Award Year: 2018
Research Thrust(s): Modeling & Implementation