Analysis of ride-sharing with service time and detour guarantees. (October 2020)

• Record Type: Journal Article
• Authors: Daganzo, Carlos F.; Ouyang, Yanfeng; Yang, Haolin
• Is Part Of: Transportation research. Volume 140(2020)
• Page Start: 130
• Page End: 150
• Publication Date: 2020-10
• Subjects: Ride-sharing -- Detour bound -- Service time guarantee -- Vehicle distance traveled -- Passenger distance traveled; Transportation -- Research -- Periodicals; Transportation -- Mathematical models -- Periodicals
• DOI: 10.1016/j.trb.2020.07.005
• Languages: English
• ISSNs: 0191-2615

Abstract

Highlights: Analysis of the impacts of detour and waiting bounds on ridesharing services. Systematic quantification of several performance metrics in closed-form formulas. Insights that could be used to explore business and regulatory strategies. Analytical results are corroborated by agent-based simulations. Abstract: This paper explores whether upper bound guarantees to detour distances can be introduced in ride sharing services. By ride sharing we mean taxi ride aggregation services such as Uber-Pool . The paper develops an analytical model that for a given demand relates the guarantee levels to (i) the percent of rides that can be matched, (ii) the expected vehicle distance traveled; (iii) the expected passenger distance traveled; (iv) the fleet size required, and (v) the average passenger trip time including waiting and riding. The formulas developed reveal that for the full range of feasible fleet sizes, ridesharing with detour distance guarantees outperforms both ordinary ride-sharing and ordinary taxi. This suggests that there is a business opportunity that is not currently being exploited.