Abstract
By reducing traffic congestion in large cities and providing a safe place to leave vehicles while their owners are doing their activities, parking facilities play an important role in society by reducing congestion and the negative externalities (e.g. CO2 generation, noise, congestion) caused by vehicular traffic, being this one detrimental to society. Additionally, parking lots must establish strategies that allow them to be profitable and remain competitive. We determined the rate of a parking lot with a 20% margin, considering the rate of actual arrivals and the lost arrivals rate when the parking lot is full and the time a vehicle spends in the parking lot. In the results we found the queuing theory is applied to a private parking lot, in addition to establishing an optimal pricing policy, operating policies are established that allow it to generate additional revenue.
| Original language | English |
|---|---|
| Pages (from-to) | 554-558 |
| Number of pages | 5 |
| Journal | Procedia Computer Science |
| Volume | 203 |
| DOIs | |
| Publication status | Published - 2022 |
| Event | 17th International Conference on Future Networks and Communications / 19th International Conference on Mobile Systems and Pervasive Computing / 12th International Conference on Sustainable Energy Information Technology, FNC/MobiSPC/SEIT 2022 - Niagara Falls, Canada Duration: 9 Aug 2022 → 11 Aug 2022 |
Keywords
- Operations research
- Parking
- Queueing theory
ASJC Scopus subject areas
- General Computer Science
