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  4. Relocation incentives for ride-sourcing drivers with path-oriented revenue forecasting based on a Markov Chain model
 
research article

Relocation incentives for ride-sourcing drivers with path-oriented revenue forecasting based on a Markov Chain model

Beojone, Caio Vitor  
•
Geroliminis, Nikolas  
October 30, 2023
Transportation Research Part C-Emerging Technologies

Proper positioning of ride-sourcing drivers may improve vacant travel times, waiting times, and matching opportunities. Herein, we evaluate the potential repositioning response of drivers when provided guidance based on estimates of their earnings in a system offering ride-hailing (solo) and ridesplitting (shared) rides. Therefore, we develop a strategy that enumerates the best regional repositioning destination based on the expected number of requests a driver will encounter during the forecast horizon. A mixed continuous-discrete time Markov Chain (MDCTMC) is developed to predict a driver's activities and the associated revenues. In summary, the developed strategy provides a group of drivers with individualized near-future revenue estimates guiding drivers toward repositioning decisions that are more likely to maximize their earnings. Our main findings indicate that if the operator selects only a fraction of active drivers to provide guidance, these are likely to expect higher earnings than those without guidance. We also show that it manages to decrease the number of unserved requests compared to several state-of-art benchmarks while increasing vehicle occupancy and decreasing the deadheading.

  • Details
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Type
research article
DOI
10.1016/j.trc.2023.104375
Web of Science ID

WOS:001107996400001

Author(s)
Beojone, Caio Vitor  
Geroliminis, Nikolas  
Date Issued

2023-10-30

Publisher

Pergamon-Elsevier Science Ltd

Published in
Transportation Research Part C-Emerging Technologies
Volume

157

Article Number

104375

Subjects

Technology

•

Shared Mobility

•

Markov Chain

•

Macroscopic Fundamental Diagram

•

Urban Traffic Model

•

Simulation

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
LUTS  
FunderGrant Number

European Union

953783

Available on Infoscience
February 20, 2024
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/204429
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