TY - JOUR
T1 - Pricing for urban areas using queuing theory
AU - Rios, John
AU - Morillo-Torres, Daniel
AU - Olmedo, Alexis
AU - Coronado-Hernandez, Jairo
AU - Gatica, Gustavo
N1 - Publisher Copyright:
© 2022 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (https://creativecommons.org/licenses/by-nc-nd/4.0) Peer-review under responsibility of the Conference Program Chairs.
PY - 2022
Y1 - 2022
N2 - By reducing traffic congestion in large cities and providing a safe place to leave vehicles while their owners are doing their activities, parking facilities play an important role in society by reducing congestion and the negative externalities (e.g. CO2 generation, noise, congestion) caused by vehicular traffic, being this one detrimental to society. Additionally, parking lots must establish strategies that allow them to be profitable and remain competitive. We determined the rate of a parking lot with a 20% margin, considering the rate of actual arrivals and the lost arrivals rate when the parking lot is full and the time a vehicle spends in the parking lot. In the results we found the queuing theory is applied to a private parking lot, in addition to establishing an optimal pricing policy, operating policies are established that allow it to generate additional revenue.
AB - By reducing traffic congestion in large cities and providing a safe place to leave vehicles while their owners are doing their activities, parking facilities play an important role in society by reducing congestion and the negative externalities (e.g. CO2 generation, noise, congestion) caused by vehicular traffic, being this one detrimental to society. Additionally, parking lots must establish strategies that allow them to be profitable and remain competitive. We determined the rate of a parking lot with a 20% margin, considering the rate of actual arrivals and the lost arrivals rate when the parking lot is full and the time a vehicle spends in the parking lot. In the results we found the queuing theory is applied to a private parking lot, in addition to establishing an optimal pricing policy, operating policies are established that allow it to generate additional revenue.
KW - Operations research
KW - Parking
KW - Queueing theory
UR - http://www.scopus.com/inward/record.url?scp=85141706020&partnerID=8YFLogxK
U2 - 10.1016/j.procs.2022.07.079
DO - 10.1016/j.procs.2022.07.079
M3 - Conference article
AN - SCOPUS:85141706020
SN - 1877-0509
VL - 203
SP - 554
EP - 558
JO - Procedia Computer Science
JF - Procedia Computer Science
T2 - 17th International Conference on Future Networks and Communications / 19th International Conference on Mobile Systems and Pervasive Computing / 12th International Conference on Sustainable Energy Information Technology, FNC/MobiSPC/SEIT 2022
Y2 - 9 August 2022 through 11 August 2022
ER -