Abstract

This paper addresses the modeling and optimization of resource availability in car parks, serving different priority classes of customers. The authors examine various formulations of the problem concerning two general objectives: a) increasing the availability for high priority customers and b) maximizing the aggregate service level. In the current context, priority classes are specified according to different space reservation options provided by the parking management company (monthly parking, hourly parking, parking on demand, etc.). Based on actual historical traffic data and under certain methodological assumptions, they calculate the arrival and service rates for each class of customers. These are subsequently used as inputs in a Markov model that describes the evolution of the number of free parking spaces in time, given that some spaces are reserved for higher priority classes. Optimization techniques and OR heuristics are applied to deal with numerical aspects of the associated reservation planning issues.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.