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Call for Award Nominations
Fri, May 24, 2019
Urban mobility in Transportation is witnessing a transformation due to the emergence of new concepts in Mobility on Demand, where new modes of transportation other than private individual cars and public mass transit are being investigated. With a projection of a total number of 2 billion vehicles on roads by the year 2050, such innovations in transportation are urgently needed. One such paradigm is the notion of shared mobility on demand, which consists of customized dynamic routing for multi-passenger transport. A solution to this problem consists of a host of challenges that ranges from distributed optimization, behavioral modeling of passengers, traffic flow modeling, and distributed control. Recent efforts in our group have made some inroads into this problem and form the focus of this talk. A socio-technical model that combines behavioral models of passengers based on Cumulative Prospect Theory and traffic models will be discussed. The solution to dynamic routing is presented in the form of an optimization problem solved via an Alternating Minimization based approach. The model together with the optimization framework is then used to propose a dynamic tariff that can be viewed as a model-based control strategy based on Transactive Control, a methodology that is being explored in power grids for incentivizing flexible consumption.