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Matching functions for free-floating shared mobility system optimization to capture maximum walking distances

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  • Soppert, Matthias
  • Steinhardt, Claudius
  • Müller, Christian
  • Gönsch, Jochen
  • Bhogale, Prasanna M.

Abstract

Shared mobility systems have become a frequently used inner-city mobility option. In particular, free-floating shared mobility systems are experiencing strong growth compared to station-based systems. For both, many approaches have been proposed to optimize operations, e.g., through pricing and vehicle relocation. To date, however, optimization models for free-floating shared mobility systems have simply adopted key assumptions from station-based models. This refers, in particular, to the models’ part that formalizes how rentals realize depending on available vehicles and arriving customers, i.e., how supply and demand match. However, this adoption results in simplifications that do not adequately account for the unique characteristics of free-floating systems, leading to overestimated rentals, suboptimal decisions, and lost profits.

Suggested Citation

  • Soppert, Matthias & Steinhardt, Claudius & Müller, Christian & Gönsch, Jochen & Bhogale, Prasanna M., 2023. "Matching functions for free-floating shared mobility system optimization to capture maximum walking distances," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1194-1214.
    • Handle: RePEc:eee:ejores:v:305:y:2023:i:3:p:1194-1214
    DOI: 10.1016/j.ejor.2022.06.058
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