A real-time algorithm to solve the peer-to-peer ride-matching problem in a flexible ridesharing system

•An optimal, real-time algorithm for the multi-hop P2P ride-matching problem.•Serving requests as soon as they arrive on a first-come, first-served (FCFS) basis.•Numerical experiments quantify the impact of intersecting rider and driver sets.•Introducing P2P exchange mechanism to reverse the adverse...

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Veröffentlicht in:Transportation research. Part B: methodological Jg. 106; S. 218 - 236
Hauptverfasser: Masoud, Neda, Jayakrishnan, R.
Format: Journal Article
Sprache:Englisch
Veröffentlicht: Elsevier Ltd 01.12.2017
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ISSN:0191-2615, 1879-2367
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Zusammenfassung:•An optimal, real-time algorithm for the multi-hop P2P ride-matching problem.•Serving requests as soon as they arrive on a first-come, first-served (FCFS) basis.•Numerical experiments quantify the impact of intersecting rider and driver sets.•Introducing P2P exchange mechanism to reverse the adverse impacts of the FCFS rule. Real-time peer-to-peer ridesharing is a promising mode of transportation that has gained popularity during the recent years thanks to the wide-spread use of smart phones, mobile application development platforms, and online payment systems. An assignment of drivers to riders, known as the ride-matching problem, is a central component of a peer-to-peer ridesharing system. In this paper we discuss the features of a flexible ridesharing system and propose an algorithm to optimally solve the ride-matching problem in a flexible ridesharing system in real-time. We generate random instances of the problem, and perform sensitivity analysis over some of the important parameters in a ridesharing system. Furthermore, we discuss two novel approaches to increase the performance of a ridesharing system.
ISSN:0191-2615
1879-2367
DOI:10.1016/j.trb.2017.10.006