The influence of Value-Of-Time in a greedy ridesharing network

Meijer, Henny (2020) The influence of Value-Of-Time in a greedy ridesharing network. Research Project, Industrial Engineering and Management.

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Abstract

A growth of human population and an increase in the trading commerce has caused a crowded road network. On the other hand, online information and communication technology has seen rapid growth and has become more affordable. This allowed ridesharing to become an active research topic for both academia and industry. In ridesharing, passengers share the same vehicle to traveling the same direction or reach a common destination and split travel costs. Much research is done on this topic, but knowledge on the influence of Value-Of-Time has been lacking. A passenger’s Value-Of-Time is its desire to reach its destination as quickly as possible, which is distinct value for an individual. The goal of this research is to design an optimization model that creates a ridesharing transport schedule and studies the effect of Value-Of-Time on the total travel cost. We consider two scenarios; where riders can and cannot deviate from the schedule. For the former scenario, a greedy transit algorithm is created to calculate the costs for riders not following the schedule. It was concluded that the implementation of Value-Of-Time prevents greedy transits to a certain extent, which has a positive effect on the total travel costs. To test the network where riders cannot deviate from the schedule, the model is tested for a load-sharing schedule for trucks. In this situation, it is concluded that the implementation has a substantial beneficial effect on the service quality.

Item Type:	Thesis (Research Project)
Supervisor name:	Cherukuri, A.K. and Bauso, D.
Degree programme:	Industrial Engineering and Management
Thesis type:	Research Project
Language:	English
Date Deposited:	05 Mar 2020 11:37
Last Modified:	05 Mar 2020 11:37
URI:	https://fse.studenttheses.ub.rug.nl/id/eprint/21612

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