Work

Modeling framework for dynamic pricing in macroscopic urban road networks

Year: 2024

Type: article

Abstract: We present a conceptual framework for applying pricing in macroscopic traffic networks, focusing on how traffic flows route themselves when path prices are utilized to manage demand at a macroscopic level. We define the minimum disutility mechanism that guides flows in macroscopic traffic networks, and illustrate the guiding process of flows under the effect of pricing, utilizing simple road network structures. The suggested mechanism forms the cornerstone of the conceptual framework for dynamic pricing in a macroscopic setting, as described herein. This framework highlights that, within a priced network, implementing a dynamic pricing policy to adjust path prices and equalize their disutilities can effectively distribute demand across both spatial and temporal dimensions. To ensure an efficient demand distribution, and thereby keep the network at the non-congested regime, an adequate availability of spatiotemporal paths is required however, both with and without perfect routing information.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.13800002

Author: Katsifaraki, Georgia

Institutions: University of Cyprus, KIOS Research and Innovation Center of Excellence

Language: English

Topic: Transportation Planning and Optimization

Subfield: Transportation

Field: Social Sciences

Domain: Social Sciences

SDGs: Sustainable cities and communities, Industry, innovation and infrastructure

Open Access status: green

Funder: European Commission