Management of vehicle parking is a crucial part of public transportation in urban areas. In metro cities, the problem of vehicle parking is severe due to space constraint and ever-increasing number of vehicles. The present paper deals with a study on pricing strategies at parking facility of railway station in a tier-2 city. The optimal pricing strategy has been developed considering simulated demand and supply. The study involves the use of discrete event system (DES) simulation technique to analyze and develop optimal parking strategy. A simulation model was developed to generate real-time situation and to perform different types of pricing scenarios in order to get the balance between demand and supply. It is believed that the study would provide useful direction to those working in the field of public parking management.


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    Title :

    Analysis of Parking Pricing Strategy using Discrete Event Simulation


    Additional title:

    Lecture Notes on Multidisciplinary Industrial Engineering


    Contributors:


    Publication date :

    2020-08-27


    Size :

    13 pages





    Type of media :

    Article/Chapter (Book)


    Type of material :

    Electronic Resource


    Language :

    English




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