A nested nonparametric logit model for microtransit revenue management supplemented with citywide synthetic data
As an IT-enabled multi-passenger mobility service, microtransit can improve accessibility, reduce congestion, and enhance flexibility. However, its heterogeneous impacts across travelers necessitate better tools for microtransit forecasting and revenue management, especially when actual usage data are limited. We propose a nested nonparametric model for joint travel mode and ride pass subscription choice, estimated using marginal subscription data and synthetic populations. The model improves microtransit choice modeling by (1) leveraging citywide synthetic data for greater spatiotemporal granularity, (2) employing an agent-based estimation approach to capture heterogeneous user preferences, and (3) integrating mode choice parameters into subscription choice modeling. We apply our methodology to a case study in Arlington, TX, using synthetic data from Replica Inc. and microtransit data from Via. Our model accurately predicts the number of subscribers in the upper branch and achieves a high McFadden R2 in the lower branch (0.603 for weekday trips and 0.576 for weekend trips), while also retrieving interpretable elasticities and consumer surplus. We further integrate the model into a simulation-based framework for microtransit revenue management. For the ride pass pricing policy, our simulation results show that reducing the price of the weekly pass ($25 -> $18.9) and monthly pass ($80 -> $71.5) would surprisingly increase total revenue by $127 per day. For the subsidy policy, our simulation results show that a 100% fare discount would reduce 61 car trips to AT&T Stadium for a game event, and increase 82 microtransit trips to Medical City Arlington, but require subsidies of $533 per event and $483 per day, respectively.
Code (0)
등록된 구현이 없습니다.
Tasks
ManagementMethods 이 논문이 사용한 방법론
Similar Papers 제목 키워드 기반
Dynamic Assortment Selection under the Nested Logit Models
We study a stylized dynamic assortment planning problem during a selling season of finite length $T$. At each time period, the seller offers an arriving customer an assortment of substitutable products and the customer m…
ManagementFlexible Agent-based Modeling Framework to Evaluate Integrated Microtransit and Fixed-route Transit Designs: Mode Choice, Supernetworks, and Fleet Simulation
The integration of traditional fixed-route transit (FRT) and more flexible microtransit has been touted as a means of improving mobility and access to opportunity, increasing transit ridership, and promoting environmenta…
Behavioral Foundations of Nested Stochastic Choice and Nested Logit
We provide the first behavioral characterization of nested logit, a foundational and widely applied discrete choice model, through the introduction of a non-parametric version of nested logit that we call Nested Stochast…
A branch-and-cut algorithm for the latent-class logit assortment problem
We study the product assortment problem of a retail operation that faces a stream of customers who are heterogeneous with respect to preferences. Each customer belongs to a market segment characterized by a consideration…
Assortment OptimizationDiscrete Choice ModelsConstrained Pricing under Finite Mixtures of Logit
The mixed logit model is a flexible and widely used demand model in pricing and revenue management. However, existing work on mixed-logit pricing largely focuses on unconstrained settings, limiting its applicability in p…