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Regulating vehicle sharing systems through parking reservation policies: Analysis and performance bounds

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  • Kaspi, Mor
  • Raviv, Tal
  • Tzur, Michal
  • Galili, Hila

Abstract

We study the regulation of one-way station-based vehicle sharing systems through parking reservation policies. We measure the performance of these systems in terms of the total excess travel time of all users caused as a result of vehicle or parking space shortages. We devise mathematical programming based bounds on the total excess travel time of vehicle sharing systems under any passive regulation (i.e., policies that do not involve active vehicle relocation) and, in particular, under any parking space reservation policy. These bounds are compared to the performance of several partial parking reservation policies, a parking space overbooking policy and to the complete parking reservation (CPR) and no-reservation (NR) policies introduced in a previous paper. A detailed user behavior model for each policy is presented, and a discrete event simulation is used to evaluate the performance of the system under various settings. The analysis of two case studies of real-world systems shows the following: (1) a significant improvement of what can theoretically be achieved is obtained via the CPR policy; (2) the performances of the proposed partial reservation policies monotonically improve as more reservations are required; and (3) parking space overbooking is not likely to be beneficial. In conclusion, our results reinforce the effectiveness of the CPR policy and suggest that parking space reservations should be used in practice, even if only a small share of users are required to place reservations.

Suggested Citation

  • Kaspi, Mor & Raviv, Tal & Tzur, Michal & Galili, Hila, 2016. "Regulating vehicle sharing systems through parking reservation policies: Analysis and performance bounds," European Journal of Operational Research, Elsevier, vol. 251(3), pages 969-987.
    • Handle: RePEc:eee:ejores:v:251:y:2016:i:3:p:969-987
    DOI: 10.1016/j.ejor.2015.12.015
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    Cited by:

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    5. Illgen, Stefan & Höck, Michael, 2019. "Literature review of the vehicle relocation problem in one-way car sharing networks," Transportation Research Part B: Methodological, Elsevier, vol. 120(C), pages 193-204.
    6. Hu, Lu & Liu, Yang, 2016. "Joint design of parking capacities and fleet size for one-way station-based carsharing systems with road congestion constraints," Transportation Research Part B: Methodological, Elsevier, vol. 93(PA), pages 268-299.
    7. Legros, Benjamin, 2019. "Dynamic repositioning strategy in a bike-sharing system; how to prioritize and how to rebalance a bike station," European Journal of Operational Research, Elsevier, vol. 272(2), pages 740-753.
    8. Hao, Wu & Martin, Layla, 2022. "Prohibiting cherry-picking: Regulating vehicle sharing services who determine fleet and service structure," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 161(C).
    9. Neumann-Saavedra, Bruno Albert & Mattfeld, Dirk Christian & Hewitt, Mike, 2021. "Assessing the operational impact of tactical planning models for bike-sharing redistribution," Transportation Research Part A: Policy and Practice, Elsevier, vol. 150(C), pages 216-235.
    10. Zhang, Jie & Meng, Meng & Wong, Yiik Diew & Ieromonachou, Petros & Wang, David Z.W., 2021. "A data-driven dynamic repositioning model in bicycle-sharing systems," International Journal of Production Economics, Elsevier, vol. 231(C).
    11. Michael W. Levin & Stephen D. Boyles, 2020. "Optimal Guidance Algorithms for Parking Search with Reservations," Networks and Spatial Economics, Springer, vol. 20(1), pages 19-45, March.
    12. Ruijing Wu & Shaoxuan Liu & Zhenyang Shi, 2019. "Customer Incentive Rebalancing Plan in Free-Float Bike-Sharing System with Limited Information," Sustainability, MDPI, vol. 11(11), pages 1-24, May.
    13. Legros, Benjamin & Fransoo, Jan C., 2023. "Admission and pricing optimization of on-street parking with delivery bays," Other publications TiSEM 6d41ee5c-27dc-4d34-aff1-4, Tilburg University, School of Economics and Management.
    14. Xu, Fangyuan & Chen, Xujie & Zhang, Miao & Zhou, Ya & Cai, Yanpeng & Zhou, Yang & Tang, Ruixin & Wang, Yifei, 2020. "A sharing economy market system for private EV parking with consideration of demand side management," Energy, Elsevier, vol. 190(C).
    15. Zhang, Si & Sun, Huijun & Wang, Xu & Lv, Ying & Wu, Jianjun, 2022. "Optimization of personalized price discounting scheme for one-way station-based carsharing systems," European Journal of Operational Research, Elsevier, vol. 303(1), pages 220-238.
    16. Simhon, Eran & Starobinski, David, 2018. "On the impact of information disclosure on advance reservations: A game-theoretic view," European Journal of Operational Research, Elsevier, vol. 267(3), pages 1075-1088.
    17. Sharon Datner & Tal Raviv & Michal Tzur & Daniel Chemla, 2019. "Setting Inventory Levels in a Bike Sharing Network," Service Science, INFORMS, vol. 53(1), pages 62-76, February.
    18. Legros, Benjamin & Fransoo, Jan C., 2024. "Admission and pricing optimization of on-street parking with delivery bays," European Journal of Operational Research, Elsevier, vol. 312(1), pages 138-149.
    19. Repoux, Martin & Kaspi, Mor & Boyacı, Burak & Geroliminis, Nikolas, 2019. "Dynamic prediction-based relocation policies in one-way station-based carsharing systems with complete journey reservations," Transportation Research Part B: Methodological, Elsevier, vol. 130(C), pages 82-104.
    20. Macea, Luis F. & Serrano, Iván & Carcache-Guas, Camila, 2023. "A reservation-based parking behavioral model for parking demand management in urban areas," Socio-Economic Planning Sciences, Elsevier, vol. 86(C).
    21. Wu, Peng, 2019. "Which battery-charging technology and insurance contract is preferred in the electric vehicle sharing business?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 124(C), pages 537-548.
    22. Gilbert Laporte & Frédéric Meunier & Roberto Wolfler Calvo, 2018. "Shared mobility systems: an updated survey," Annals of Operations Research, Springer, vol. 271(1), pages 105-126, December.
    23. Mariano Gallo & Mario Marinelli, 2020. "Sustainable Mobility: A Review of Possible Actions and Policies," Sustainability, MDPI, vol. 12(18), pages 1-39, September.
    24. Long He & Guangrui Ma & Wei Qi & Xin Wang, 2021. "Charging an Electric Vehicle-Sharing Fleet," Manufacturing & Service Operations Management, INFORMS, vol. 23(2), pages 471-487, March.

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