Dynamic Pricing for Car-Sharing Systems Reduces CO2 Emissions

GND
1319575943
ORCID
0000-0002-2950-446X
LSF
59504
Zugehörige Organisation
Mercator School of Management, University of Duisburg-Essen, Germany
Müller, Christian;
GND
14226119X
ORCID
0000-0002-5699-1320
LSF
57737
Zugehörige Organisation
Mercator School of Management, University of Duisburg-Essen, Germany
Gönsch, Jochen;
Zugehörige Organisation
Mercator School of Management, University of Duisburg-Essen, Germany
Albrecht, Louisa;
Zugehörige Organisation
Mercator School of Management, University of Duisburg-Essen, Germany
Staskiewicz, Max
Christian Müller, Jochen Gönsch, Louisa Albrecht, and Max Staskiewicz explore dynamic pricing mechanisms for car-sharing services. Their data-driven model predicts future vehicle movements and the expected profit of each vehicle, then uses machine learning and AI to combine various data sources. This results in different prices for the same vehicle for different customers, depending on their location, thus rebalancing cars in the pickup/drop-off zone without the operator having to relocate cars (adding emissions). According to the authors, an extensive computational study and a case study showed the approach outperforms all benchmarks, saves providers operational costs, and improves sustainability via clear decarbonization benefits.

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