Dynamic Pricing in Shared Mobility on Demand Service

10 Feb 2018 Qiu Han Li Ruimin Zhao Jinhua

We consider a profit maximization problem in an urban mobility on-demand service, of which the operator owns a fleet, provides both exclusive and shared trip services, and dynamically determines prices of offers. With knowledge of the traveler preference and the distribution of future trip requests, the operator wants to find the pricing strategy that optimizes the total operating profit of multiple trips during a specific period, namely, a day in this paper... (read more)

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  • OPTIMIZATION AND CONTROL