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Physical Sciences and Mathematics

Selected Works

2014

Mechanism design

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Full-Text Articles in Public Affairs, Public Policy and Public Administration

Mechanisms For Arranging Ride Sharing And Fare Splitting For Last-Mile Travel Demands, Shih-Fen Cheng, Duc Thien Nguyen, Hoong Chuin Lau Jun 2014

Mechanisms For Arranging Ride Sharing And Fare Splitting For Last-Mile Travel Demands, Shih-Fen Cheng, Duc Thien Nguyen, Hoong Chuin Lau

Shih-Fen CHENG

A great challenge of city planners is to provide efficient and effective connection service to travelers using public transportation system. This is commonly known as the last-mile problem and is critical in promoting the utilization of public transportation system. In this paper, we address the last-mile problem by considering a dynamic and demand-responsive mechanism for arranging ride sharing on a non-dedicated commercial fleet (such as taxis or passenger vans). Our approach has the benefits of being dynamic, flexible, and with low setup cost. A critical issue in such ride-sharing service is how riders should be grouped and serviced, and how …