The market economy of trips
Name
777967019-MIT.pdf
Description
Full printable version
Size
8.4 MB
Format
Adobe PDF
Checksum (MD5)
15286dd21d1a918391037c502857c279
Author(s)
Papanikolaou, Dimitrios, M.S. Massachusetts Institute of Technology
Advisor(s)
Kent Larson.
Date Issued
2011
Publisher
Massachusetts Institute of Technology
Abstract
Mobility on Demand (MOD) systems allow users to pick-up and drop-off vehicles (bikes, automobiles) ubiquitously in a network of parking stations. Asymmetric demand patterns cause unbalanced fleet allocation decreasing level of service. Current redistribution policies are complex to plan and typically cost more that the usage revenues of the system. The Market Economy of Trips (MET) explores a new operation model based on a double auction market where cost-minimizing users are both buyers and sellers of trip rights while profit-maximizing stations are competing auctioneers that trade them. Trip rights are priced relatively to the inventory needs of origin and destination stations. A theory, a game, and a model are presented to explore equilibrium and limits of efficiency of MET under different demand patterns and income distribution.
Description
Thesis (S.M.)--Massachusetts Institute of Technology, School of Architecture and Planning, Program in Media Arts and Sciences, 2011.
Cataloged from PDF version of thesis.
Includes bibliographical references (p. 59-62).
Subjects
Architecture. Program in Media Arts and Sciences.
MIT Department
Program in Media Arts and Sciences (Massachusetts Institute of Technology)
Terms of Use
M.I.T. theses are protected by
copyright. They may be viewed from this source for any purpose, but
reproduction or distribution in any format is prohibited without written
permission. See provided URL for inquiries about permission.
copyright. They may be viewed from this source for any purpose, but
reproduction or distribution in any format is prohibited without written
permission. See provided URL for inquiries about permission.
Persistent DSpace Link
