CTR Seminar: Dr Nir Oren, 'Demand Responsive Pricing of Taxi Services'
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This is a past event
The CTR Seminar Series welcomes Dr Nir Oren, Senior Lecturer in Natural and Computing Sciences at the University of Aberdeen.
"Demand Responsive Pricing of Taxi Services"
Traditional taxi services commonly charge a fixed price for their services based on a combination of travel distance and time. However, services such as Uber and Lyft seek to use market mechanisms (i.e., by considering changes in supply and demand) to compute trip pricing. Such pricing has several potential benefits, from increased profits for taxi drivers, to more satisfaction for passengers. In this talk I will discuss several pricing models which we have developed, and present the results of experiments run using these models.
- Speaker
- Dr Nir Oren
- Venue
- Taylor A36