AI & ML
Portfolio Design and Pricing for Multimodal Mobility-on-Demand Services Considering Traveler Responses
arXiv cs.SY0 views
arXiv:2610.07590v1 Announce Type: new Abstract: Mobility-on-demand (MoD) platforms can offer exclusive, pooled, and transit-connected services to accommodate different passenger needs. However, determining which services to offer and at what prices is challenging because profitability depends on both passenger choices and operational feasibility. This paper proposes a real-time framework that jointly optimizes service menus, fares, and vehicle trip plans for individual MoD requests. Passenger choices are modeled using a generalized nested logit (GNL) model that captures correlated substitution among service options based on vehicle sharing and transit use. To solve the resulting nonlinear fare-optimization problem, we use Fenchel duality to transform the nonlinear objective from the fare domain to the choice-probability domain, yielding a concave maximization involving a generalized entropy term. We evaluate the framework through operational simulations using real-world New York City trip records. Joint portfolio design and pricing improve operator service margins by 28.4% and 8.5% compared with optimizing only service menus and only fares, respectively. Furthermore, the proposed reformulation is up to 18.8 times faster than solving the original pricing problem directly in fare space, improving computational efficiency for real-time MoD operations.
Source:https://arxiv.org/abs/2610.07590PreviousModels of Electric Vehicle Charging Demands in Distribution Grid Operation: A ReviewNextBelief-Informed Hybrid Control with Almost-Sure Target-Set Convergence
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