SYSTEM AND METHOD FOR RECOMMENDING PRICES FOR PARKING USING BLOCKING RATES AND TRAFFIC FLUX

SYSTEM AND METHOD FOR RECOMMENDING PRICES FOR PARKING USING BLOCKING RATES AND TRAFFIC FLUX

A system and method for recommending pricing using blocking rates and traffic flux. For a given block face, occupancy and traffic flow information are collected and analyzed to determine a blocking rate. The traffic flux for the block face is determined using the collected traffic flow information....

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: DANCE CHRISTOPHER R, ZOETER ONNO R
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A system and method for recommending pricing using blocking rates and traffic flux. For a given block face, occupancy and traffic flow information are collected and analyzed to determine a blocking rate. The traffic flux for the block face is determined using the collected traffic flow information. External costs, including cost to drivers slowed and cost to drivers blocked from parking are estimated and a cost rate is determined as a function of the blocking rate, the traffic flux, and the external costs. A utility rate is calculated and a price change is recommended based upon a maximization of the utility rate.