A ridesharing simulation platform that considers dynamic supply-demand interactions

04/27/2021
by   Rui Yao, et al.
0

This paper presents a new ridesharing simulation platform that accounts for dynamic driver supply and passenger demand, and complex interactions between drivers and passengers. The proposed simulation platform explicitly considers driver and passenger acceptance/rejection on the matching options, and cancellation before/after being matched. New simulation events, procedures and modules have been developed to handle these realistic interactions. The capabilities of the simulation platform are illustrated using numerical experiments. The experiments confirm the importance of considering supply and demand interactions and provide new insights to ridesharing operations. Results show that increase of driver supply does not always increase matching option accept rate, and larger matching window could have negative impacts on overall ridesharing success rate. These results emphasize the importance of a careful planning of a ridesharing system.

READ FULL TEXT

page 25

page 26

research
05/30/2019

Ridesharing with Driver Location Preferences

We study revenue-optimal pricing and driver compensation in ridesharing ...
research
04/07/2021

The Value of Excess Supply in Spatial Matching Markets

We study dynamic matching in a spatial setting. Drivers are distributed ...
research
12/18/2019

Balancing the Tradeoff between Profit and Fairness in Rideshare Platforms During High-Demand Hours

Rideshare platforms, when assigning requests to drivers, tend to maximiz...
research
05/16/2021

Dynamic Matching under Spatial Frictions

We consider demand and supply which arise i.i.d. uniformly in the unit h...
research
06/12/2020

COVID-19 and Digital Resilience: Evidence from Uber Eats

We analyze how digital platforms can increase the survival rate of firms...
research
09/14/2021

Secure Your Ride: Real-time Matching Success Rate Prediction for Passenger-Driver Pairs

In recent years, online ride-hailing platforms have become an indispensa...

Please sign up or login with your details

Forgot password? Click here to reset