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Hedging risk in journey planning

  • US 9,829,334 B2
  • Filed: 09/14/2012
  • Issued: 11/28/2017
  • Est. Priority Date: 08/31/2012
  • Status: Active Grant
First Claim
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1. A method for journey planning through a multi-modal transportation system, the method comprising:

  • receiving a journey planning request, the journey planning request comprising an origin and a destination in the multi-modal transportation network;

    receiving and storing information from the multi-modal transportation network regarding a state of one or more pieces of transportation equipment in the multi-modal transportation network, wherein the state of one or more pieces of equipment comprises at least one of on-schedule, off-schedule, and out-of-service;

    calculating, by a processor, an optimized journey plan, wherein calculating the optimized journey plan comprises;

    identifying a plurality of routes through the multi-modal transportation network from the origin to the destination;

    determining an uncertainty associated with each of the plurality of routes, wherein the uncertainty comprises a variability of a travel time along each route, wherein the variability is based on an expected travel time, a mode travel time, a median travel time and a standard deviation;

    evaluating a robustness of each of the plurality of routes to the uncertainty associated with each of the plurality of routes; and

    selecting the optimized journey plan based on the journey planning request and the robustness of each of the plurality of routes.

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