Abstract
Parking problems are getting increasingly serious in the urban area. However, the parking spots in the urban area are underutilized rather than really scarce. There is a large number of private spots in the residential areas that have the potential of being shared. Due to its private nature, shared parking is usually operated by a profitable mode. To study the utilization of shared parking and its impact on the morning commute, this paper proposes an evolution model. The supply side is a profit-chasing manager who decides on the selling prices and the business scale, while the demand side refers to travellers who respond to costs and choose the trip mode. By analysing the behaviour (strategy) of both sides, the study covers: 1 - the attraction and competition between parking lots and trip modes, 2 - the utilization and user composition of the parking lots. By inducing two numerical examples, the conclusions are that 1 - managers can achieve maximum profit and optimal allocation through price adjustment and quantity control; 2 - publicity (system cost minimization) and profitability (profit maximization) are consistent under certain threshold conditions; 3 - competition exists between parking lots as well as trip modes; some parking lots are even in short supply; profitable management does not create a market monopoly.
Highlights
The increasing demand for automobiles and limited public space lead to severe parking issues in modern cities
Based on the existing research, from the aspect of middle-level this paper studies the situation of multiple parking lots and multiple trip modes. (1) assume there are competitions between both, the shared parking lots and multiple trip modes; (2) on the basis of manager’s profitable objective and parking permit scheme, day-to-day evolution model is taken to describe the interaction process between the manager and the traveller which may be a black box problem in reality; (3) discuss the monopolistic issue of the shared parking management and its similarities and differences with public parking management
This paper uses the day-to-day evolution model to study the interaction between the shared parking supply and demand sides, discusses the utilization of shared parking mode in the presence of multiple parking lots and trip modes
Summary
The increasing demand for automobiles and limited public space lead to severe parking issues in modern cities. As shared parking is still in the early stage, the current research mainly focuses on the micro-level, e.g. optimal allocation of parking permits, profitable management of single parking lot, parking permit trading mechanisms, etc. (1) assume there are competitions between both, the shared parking lots and multiple trip modes; (2) on the basis of manager’s profitable objective and parking permit (reserve and allocation) scheme, day-to-day evolution model is taken to describe the interaction process (manager formulates strategy, travellers response to it) between the manager and the traveller which may be a black box problem in reality (cannot be calculated by analytic method); (3) discuss the monopolistic issue of the shared parking (profitable) management and its similarities and differences with public parking management.
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