MIT Libraries homeMIT Libraries logoDSpace@MIT

MIT
View Item 
  • DSpace@MIT Home
  • Singapore-MIT Alliance (SMA)
  • High Performance Computation for Engineered Systems (HPCES)
  • View Item
  • DSpace@MIT Home
  • Singapore-MIT Alliance (SMA)
  • High Performance Computation for Engineered Systems (HPCES)
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Fluid Models for Traffic and Pricing

Author(s)
Kachani, Soulaymane; Perakis, Georgia
Thumbnail
DownloadHPCES011.pdf (288.7Kb)
Metadata
Show full item record
Abstract
Fluid dynamics models provide a powerful deterministic technique to approximate stochasticity in a variety of application areas. In this paper, we study two classes of fluid models, investigate their relationship as well as some of their applications. This analysis allows us to provide analytical models of travel times as they arise in dynamically evolving environments, such as transportation networks as well as supply chains. In particular, using the laws of hydrodynamic theory, we first propose and examine a general second order fluid model. We consider a first-order approximation of this model and show how it is helpful in analyzing the dynamic traffic equilibrium problem. Furthermore, we present an alternate class of fluid models that are traditionally used in the context of dynamic traffic assignment. By interpreting travel times as price/inventory-sojourn-time relationships, we are also able to connect this approach with a tractable fluid model in the context of dynamic pricing and inventory management. Finally, we investigate the relationship between these two classes of fluid models.
Date issued
2003-01
URI
http://hdl.handle.net/1721.1/3734
Series/Report no.
High Performance Computation for Engineered Systems (HPCES);
Keywords
stochasticity, fluid models, dynamic traffic equilibrium problem, price/inventory-sojourn-time relationships, dynamic pricing, inventory management

Collections
  • High Performance Computation for Engineered Systems (HPCES)

Browse

All of DSpaceCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

My Account

Login

Statistics

OA StatisticsStatistics by CountryStatistics by Department
MIT Libraries homeMIT Libraries logo

Find us on

Twitter Facebook Instagram YouTube RSS

MIT Libraries navigation

SearchHours & locationsBorrow & requestResearch supportAbout us
PrivacyPermissionsAccessibility
MIT
Massachusetts Institute of Technology
Content created by the MIT Libraries, CC BY-NC unless otherwise noted. Notify us about copyright concerns.