Developing Optimal Peer-to-Peer Ridesharing Strategies
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2023-08-01
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Edition:Final Report
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Abstract:Thanks to recent developments in ride-hailing transit services, the Peer-to-Peer (P2P) ridematching problem has been actively considered in academia in recent years. P2P ridematching not only reduces travel costs for riders but also benefits drivers by saving them money in exchange for their additional travel time and costs. However, assigning riders to drivers in an efficient way is a complex problem that requires a focus on maximizing the benefits for both riders and drivers. This study first aims to formulate a multi-driver multirider (MDMR) P2P ride-matching problem based on rational preferences and cost allocation for both driver and rider. This model also enables riders to transfer between multiple drivers to complete their journeys if needed. To solve the ride-matching problem, a Tabu Search (TS) for system optimum ride-matchings and Greedy Matching (GM) algorithm for the stable ridematchings were created to produce stable ride-matchings.
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