This paper deals with the pricing and allocation problems that arise in a mobility permit (MP)-based traffic management system on single bottleneck roadways. We present a permit endowment (pricing and allocation) mechanism and address the efficiency of such a system in mitigating the congestion at bottlenecks under users’ preferences and incomplete information setting. To perform an efficient permit allocation, we develop a mixed-integer programming (MIP) optimization model restrained by user priority and MP availability constraints. For the pricing problem, we present an iterative auction mechanism on top of the MIP-based permit allocation module. We present a performance comparison of the presented mechanism against hypothetical coordinated and centralized efficiency-oriented and equity-oriented systems. Computational results show the potential of the proposed pricing and allocation mechanism for managing MPs in a network with a single-bottleneck roadway where the mobility users, mobility service provider, and system regulator’s concerns must be integrated into a MP-based traffic congestion management solution.


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    Title :

    A Mechanism for Pricing and Allocation of Mobility Permits on Single-Bottleneck Roadways


    Contributors:


    Publication date :

    2019-07-01


    Size :

    217021 byte




    Type of media :

    Conference paper


    Type of material :

    Electronic Resource


    Language :

    English



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