Developing Optimal Peer-to-Peer Ridesharing Strategies

Ridesharing can bring numerous advantages and benefits to communities, such as improving mobility by decreasing traffic congestion and travel time and enhancing quality of life by reducing energy consumption and pollution. Although ridesharing or carpooling has been around, it’s neither popular nor convenient and mostly used for commuting or special occasions, either formally or informally. Despite the difficulty of successfully implementing ridesharing systems, the recent successful adoption of the Transportation Network Company (TNC) business model and technological advances indicates that it is time to develop an appropriate peer-to-peer (P2P) ridesharing system. Such a system would be much more affordable, economical and sustainable than the current TNC service because P2P ridesharing does not require unnecessary drivers and trips, and it produces less deadheading. In order to make an efficient P2P ridesharing system, this research optimizes the vehicle-rider matching and vehicle routing and develops sustainable financial policies including financial incentives for ridesharing providers, adequate costs for the ridesharing recipients, and potential subsidies in order to promote the P2P ridesharing.

• Record URL:
  https://www.morgan.edu/school_of_engineering/research_centers/urban_mobility_and_equity_center/peer-to-peer_ridesharing.html

Language

• English

Project

• Status: Active
• Funding: $41220
• Contract Numbers:

  Grant No. 69A43551747123

• Sponsor Organizations:

  Office of the Assistant Secretary for Research and Technology

  University Transportation Centers Program
  Department of Transportation
  Washington, DC  United States  20590
• Managing Organizations:

  Morgan State University

  1700 E. Cold Spring Lane
  Baltimore, MD 21251, Maryland  United States  21251
• Performing Organizations:

  Morgan State University

  1700 E. Cold Spring Lane
  Baltimore, MD 21251, Maryland  United States  21251
• Principal Investigators:

  Lee, Young-Jae

• Start Date: 20190701
• Expected Completion Date: 20201130
• Actual Completion Date: 0
• USDOT Program: University Transportation Centers Program

Subject/Index Terms

• TRT Terms: Costs; Incentives; Optimization; Ridesharing; Routes and routing; Subsidies
• Subject Areas: Finance; Passenger Transportation; Planning and Forecasting; Public Transportation;

Filing Info

• Accession Number: 01711286
• Record Type: Research project
• Source Agency: Urban Mobility & Equity Center
• Contract Numbers: Grant No. 69A43551747123
• Files: UTC, RIP
• Created Date: Jul 18 2019 3:04PM