Method and apparatus for dynamic pricing for on street parking as a prediction task

Method and apparatus for dynamic pricing for on street parking as a prediction task

Abstract The invention is directed to a method, a non-transitory computer readable medium, and an apparatus for pricing of a parking space. One disclosed feature of the embodiments is a method that determines a fraction high fraction low (FHFL) value based on one or more covariates for a future time...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: DANCE, CHRISTOPHER R, ZOETER, ONNO R, CLINCHANT, STEPHANE, SANCHEZ, EDUARDO CARDENAS
Format: Patent
Sprache:eng
Schlagworte:
CHECKING-DEVICES
FARE-REGISTERING APPARATUS
FRANKING APPARATUS
PHYSICS
TICKET-ISSUING APPARATUS
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Beschreibung
Zusammenfassung:Abstract The invention is directed to a method, a non-transitory computer readable medium, and an apparatus for pricing of a parking space. One disclosed feature of the embodiments is a method that determines a fraction high fraction low (FHFL) value based on one or more covariates for a future time interval, determines a rate change for the parking space based on the FHFL, applies the rate change to a pre-calculated rate for the parking space for the future time interval to determine an updated rate and publishes the updated rate. 20130222-US-NP DETERMINE A FRACTION HIGH FRACTION LOW (FHFL) BASED ON ONE OR 304 MORE CO-VARIATES FOR A FUTURE TIME INTERVAL DETERMINE A RATE CHANGE FOR THE PARKING SPACE BASED ON THE FHFL 306 APPLY THE RATE CHANGE TO A PRE-CALCULATED RATE FOR THE PARKING SPACE FOR THE FUTURE TIME INTERVAL TO DETERMINE AN UPDATED RATE 308 PUBLISH THE UPDATED RATE 310