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Full-Text Articles in Physical Sciences and Mathematics
Competition And Third-Party Platform-Integration In Ride-Sourcing Markets, Yaqian Zhou, Hai Yang, Jintao Ke, Hai Wang, Xinwei Li
Competition And Third-Party Platform-Integration In Ride-Sourcing Markets, Yaqian Zhou, Hai Yang, Jintao Ke, Hai Wang, Xinwei Li
Research Collection School Of Computing and Information Systems
Recently, some third-party integrators attempt to integrate the ride services offered by multiple independent ride-sourcing platforms. Accordingly, passengers can request ride through the integrators and receive ride service from any one of the ride-sourcing platforms. This novel business model, termed as third-party platform-integration in this work, has potentials to alleviate market fragmentation cost resulting from demand splitting among multiple platforms. Although most existing studies focus on operation strategies for one single monopolist platform, much less is known about the competition and platform-integration and their implications on operation strategy and system efficiency. In this work, we propose mathematical models to describe …
Pricing And Equilibrium In On-Demand Ride-Pooling Markets, Jintao Ke, Hai Yang, Xinwei Li, Hai Wang, Jieping Ye
Pricing And Equilibrium In On-Demand Ride-Pooling Markets, Jintao Ke, Hai Yang, Xinwei Li, Hai Wang, Jieping Ye
Research Collection School Of Computing and Information Systems
With the recent rapid growth of technology-enabled mobility services, ride-sourcing platforms, such as Uber and DiDi, have launched commercial on-demand ride-pooling programs that allow drivers to serve more than one passenger request in each ride. Without requiring the prearrangement of trip schedules, these programs match on-demand passenger requests with vehicles that have vacant seats. Ride-pooling programs are expected to offer benefits for both individual passengers in the form of cost savings and for society in the form of traffic alleviation and emission reduction. In addition to some exogenous variables and environments for ride-sourcing market, such as city size and population …
Integrated Reward Scheme And Surge Pricing In A Ride-Sourcing Market, Hai Yang, Chaoyi Shao, Hai Wang, Jieping Ye
Integrated Reward Scheme And Surge Pricing In A Ride-Sourcing Market, Hai Yang, Chaoyi Shao, Hai Wang, Jieping Ye
Research Collection School Of Computing and Information Systems
Surge pricing is commonly used in on-demand ride-sourcing platforms (e.g., Uber, Lyft and Didi) to dynamically balance demand and supply. However, since the price for ride service cannot be unlimited, there is usually a reasonable or legitimate range of prices in practice. Such a constrained surge pricing strategy fails to balance demand and supply in certain cases, e.g., even adopting the maximum allowed price cannot reduce the demand to an affordable level during peak hours. In addition, the practice of surge pricing is controversial and has stimulated long debate regarding its pros and cons. To address the limitation of current …