Assessing Temporal-based Parking Pricing Schemes

Magsino, Elmer R.; Arada, Gerald P.; Ramos, Catherine Manuela L.

doi:10.1109/dasa54658.2022.9765003

Cited by 1 publication

(3 citation statements)

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“…The fee using min-max [10] rate parking pricing for user m, F M M (m), is described by ( 4), where charged fees, K h , are based on parking duration value, T h , h ∈ {1, . .…”

Section: ) Min-max Rate Pricingmentioning

confidence: 99%

“…In Fixed Rate Pricing, the social optimum range, S F R is given below in (10). As an example, the S xx lower is computed by dividing K with the maximum allowable P D = 24 hours, while S xx higher is obtained by dividing K by P D = 1 hour.…”

Section: User and Business Social Optimum Measuresmentioning

confidence: 99%

“…Under the premise that the number of parking spaces are fixed and depleting, we extend the analysis of our earlier work [10] by categorizing dynamic parking pricing methods according to its time and space-time dependence values, thereby, assessing five dynamic parking methods. To make the evaluation realistic and extensive, we employ various parking duration behaviors based on empirical mobility traces, survey, and long-duration parking scenarios.…”

Section: Introductionmentioning

confidence: 99%

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An Evaluation of Temporal- and Spatial-Based Dynamic Parking Pricing for Commercial Establishments

2022

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All smart parking management systems (SPMS) have incorporated the dynamic pricing into its features and capabilities. The collection of parking fees on a corresponding spot has been dependent on either its time-or space-value, with most SPMS utilizing temporal-based parking fee collection. However, little to no study has been conducted to assess or evaluate these pricing schemes according to its friendliness and economics towards both parkers and business operators. In this work, we evaluate two current temporaland three proposed spatiotemporal-based dynamic parking pricing methods by computing their social optimum range and economic effects to both users and parking management entities. Our extensive analysis utilizing both empirical mobility traces and driver parking duration behavior provide important insights in the current pricing setups and present necessary adjustments in improving parking fee collection that contribute to societal benefits.

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“…The fee using min-max [10] rate parking pricing for user m, F M M (m), is described by ( 4), where charged fees, K h , are based on parking duration value, T h , h ∈ {1, . .…”

Section: ) Min-max Rate Pricingmentioning

confidence: 99%

Section: User and Business Social Optimum Measuresmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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