SYSTEM AND METHOD FOR RECOMMENDING PRICES FOR PARKING USING BLOCKING RATES AND TRAFFIC FLUX
First Claim
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1. A method for recommending prices for parking, comprising:
- receiving data representative of parking occupancy for an associated block face during an analysis period;
receiving data representative of traffic flow for the associated block face during the analysis period;
estimating a blocking rate for the analysis period in accordance with the received parking occupancy data and the traffic flow data; and
determining a recommended price for parking on the associated block face during the analysis period in accordance with the estimated blocking rate and traffic flow data,wherein at least one of the receiving, receiving, estimating, or determining is performed by a processor in communication with associated memory.
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Abstract
A system and method for recommending pricing using blocking rates and traffic flux. For a given block face, occupancy and traffic flow information are collected and analyzed to determine a blocking rate. The traffic flux for the block face is determined using the collected traffic flow information. External costs, including cost to drivers slowed and cost to drivers blocked from parking are estimated and a cost rate is determined as a function of the blocking rate, the traffic flux, and the external costs. A utility rate is calculated and a price change is recommended based upon a maximization of the utility rate.
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Citations
20 Claims
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1. A method for recommending prices for parking, comprising:
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receiving data representative of parking occupancy for an associated block face during an analysis period; receiving data representative of traffic flow for the associated block face during the analysis period; estimating a blocking rate for the analysis period in accordance with the received parking occupancy data and the traffic flow data; and determining a recommended price for parking on the associated block face during the analysis period in accordance with the estimated blocking rate and traffic flow data, wherein at least one of the receiving, receiving, estimating, or determining is performed by a processor in communication with associated memory. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A system for recommending prices for parking, comprising:
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a processor; a blocking rate estimation unit configured for computing a blocking rate in accordance with occupancy data and traffic flow information corresponding to an associated block face during an analysis period; a traffic flux determination unit configured for computing a traffic flux for the block face during the analysis period; an externality cost determination unit configured for computing at least one externality cost associated with parking on the associated block face; a cost rate estimation unit configured for computing a cost rate for the block face during the analysis period in accordance with the blocking rate, the traffic flux, and the at least one externality cost; memory in communication with the processor, which stores instructions which are executed by the processor for; determining a valuation rate for each occupied space on the associated block face during a portion of a time interval of the analysis period, calculating an average valuation rate for parking during the portion of the time interval on the associated block face via the determined valuation rates, calculating a utility rate for each portion of the time interval of the analysis period, the utility rate corresponding to a difference between the average valuation rate and the cost rate for the portion of the time interval, and maximizing the utility rate for the portion of the time interval to determine a recommended price corresponding thereto. - View Dependent Claims (15, 16, 17, 18)
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19. A computer-implemented method for recommending prices for parking, comprising:
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receiving occupancy data corresponding to a block face of interest; receiving traffic flow information associated with the block face of interest; estimating a blocking rate for the block face of interest in accordance with the occupancy data and the traffic flow information during an analysis period; determining a traffic flux for the block face of interest during the analysis period; estimating a cost rate for the block face of interest during the analysis period as a function of the estimated blocking rate and the determined traffic flux; and recommending at least one price change to a price for parking on the block face of interest in accordance with the blocking rate and the cost rate. - View Dependent Claims (20)
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Specification