A user-based bike rebalancing strategy for free-floating bike sharing systems: A bidding model
Junwei Wang and
Transportation Research Part E: Logistics and Transportation Review, 2021, vol. 154, issue C
Along with the fast deployment of bike-sharing systems (BSS) nowadays is the bike imbalance problem induced by the demand variability. In this study, we design a user-based bike rebalancing (UBR) strategy to solve the bike imbalance problem in a free-floating bike sharing system (FBSS), where the user arrival and incentive budget allocation of the FBSS are both dynamic. Specifically, we design a dynamic bidding-model-based incentive mechanism (BIM) to progressively determine the incentive price, based on which users are assigned the rebalancing task. The proposed BIM is proved to be budget feasible, incentive compatible, and competitive. We use a set of bike sharing data to numerically verify the effectiveness of BIM in improving the service level of FBSS. Furthermore, we find that the BIM outperforms the post-price-based incentive mechanism (PIM), with its advantage negatively correlated with user irrationality. Some managerial insights and potential research opportunities are provided for urban planners, policy makers and BSS practitioners.
Keywords: Free-floating bike sharing system (FBSS); User-based bike rebalancing (UBR); Bidding-model-based incentive mechanism (BIM) (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:transe:v:154:y:2021:i:c:s1366554521002039
Ordering information: This journal article can be ordered from
http://www.elsevier. ... 600244/bibliographic
Access Statistics for this article
Transportation Research Part E: Logistics and Transportation Review is currently edited by W. Talley
More articles in Transportation Research Part E: Logistics and Transportation Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().