Related papers: Prediction-based One-shot Dynamic Parking Pricing
In this paper, a deep learning approach is presented for direction of arrival estimation using automotive-grade ultrasonic sensors which are used for driving assistance systems such as automatic parking. A study and implementation of the…
Smart city research envisions a future in which data-driven solutions and sustainable infrastructure work together to define urban living at the crossroads of urbanization and technology. Within this framework, smart parking systems play an…
Employing probabilistic techniques we compute best possible upper and lower bounds on the price of an option on one or two assets with continuous piecewise linear payoff function based on prices of simple call options of possibly distinct…
Next location prediction is a key task in human mobility analysis, crucial for applications like smart city resource allocation and personalized navigation services. However, existing methods face two significant challenges: first, they…
Designing robust frameworks for precise prediction of future prices of stocks has always been considered a very challenging research problem. The advocates of the classical efficient market hypothesis affirm that it is impossible to…
We investigate an optimization problem in a queueing system where the service provider selects the optimal service fee p and service capacity \mu to maximize the cumulative expected profit (the service revenue minus the capacity cost and…
In the framework of Smart Cities and Intelligent Transportation Systems (ITS), efficient parking management is essential to reduce urban congestion and emissions. However, current reservation-based systems often encounter a scenario in…
Optimal control problems can be solved via a one-shot (single) optimization or a sequence of optimization using dynamic programming (DP). However, the computation of their global optima often faces NP-hardness, and thus only locally optimal…
As the number of vehicles continues to grow, parking spaces are at a premium in city streets. Additionally, due to the lack of knowledge about street parking spaces, heuristic circling the blocks not only costs drivers' time and fuel, but…
We study an online learning problem on dynamic pricing and resource allocation, where we make joint pricing and inventory decisions to maximize the overall net profit. We consider the stochastic dependence of demands on the price, which…
Traditional insurance pricing relies on risk-based principles that ensure actuarial fairness and solvency but do not explicitly account for policyholders' price sensitivity. We formulate insurance pricing as a decision-making problem and…
Ride-sharing is a modern urban-mobility paradigm with tremendous potential in reducing congestion and pollution. Demand-aware design is a promising avenue for addressing a critical challenge in ride-sharing systems, namely joint…
This study develops an online predictive optimization framework for dynamically operating a transit service in an area of crowd movements. The proposed framework integrates demand prediction and supply optimization to periodically redesign…
In modern urban centers, effective transportation management poses a significant challenge, with traffic jams and inconsistent travel durations greatly affecting commuters and logistics operations. This study introduces a novel method for…
A fundamental question in any peer-to-peer ride-sharing system is how to, both effectively and efficiently, meet the request of passengers to balance the supply and demand in real time. On the passenger side, traditional approaches focus on…
Parking has been a painful problem for urban drivers. The parking pain exacerbates as more people tend to live in cities in the context of global urbanization. Thus, it is demanding to find a solution to mitigate d rivers' parking…
Building on ideas from online convex optimization, we propose a general framework for the design of efficient securities markets over very large outcome spaces. The challenge here is computational. In a complete market, in which one…
Assortment optimization is a fundamental challenge in modern retail and recommendation systems, where the goal is to select a subset of products that maximizes expected revenue under complex customer choice behaviors. While recent advances…
Ride sharing has important implications in terms of environmental, social and individual goals by reducing carbon footprints, fostering social interactions and economizing commuter costs. The ride sharing systems that are commonly available…
This research considers the ranking and selection with input uncertainty. The objective is to maximize the posterior probability of correctly selecting the best alternative under a fixed simulation budget, where each alternative is measured…