Model and Simulation of Taxi Market with E-hailing Application

Authors

Tian Qiong, School of Economics and Management, Beihang University, Beijing 100191, China;
Jingtao Zhang, School of Economics and Management, Beihang University, Beijing 100191, China;

Abstract

Abstract: The emergence and popularity of e-hailing applications offer a new way for taxi drivers and passengers to communicate on line, which not only changes the behaviors of passengers and reduce the idle rate of taxi, but also brings the cost of information for taxis and passengers. Referring to the classic circular city model and combining with the characteristics of new way to take taxis and the cost of information, a model of taxi market with e-hailing application is formulated, which describes the behavior of passengers waiting for idle taxis and taxis cruising for un-served passengers. We provided an algorithm to simulate the model and obtained the stochastic steady-state results. Based on the results of simulations, we analyzed the passengers’ waiting time with or without using the e-hailing application, the taxi utilization rate and the gap time between two orders of the taxis. The findings help to cognize the pros and cons of e-hailing applications objectively and offer the reference for decision making.

Recommended Citation

Qiong, Tian and Zhang, Jingtao (2019) "Model and Simulation of Taxi Market with E-hailing Application," Journal of System Simulation: Vol. 31: Iss. 3, Article 4.
DOI: 10.16182/j.issn1004731x.joss.17WJP-011
Available at: https://dc-china-simulation.researchcommons.org/journal/vol31/iss3/4

First Page

393

DOI Link

https://doi.org/10.16182/j.issn1004731x.joss.17WJP-011

Last Page

402

CLC

U491

Recommended Citation

Tian Qiong, Zhang Jingtao. Model and Simulation of Taxi Market with E-hailing Application[J]. Journal of System Simulation, 2019, 31(3): 393-402.

DOI

10.16182/j.issn1004731x.joss.17WJP-011