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Title: Optimization of time-varying parking charges and parking supply in networks with multiple user classes and multiple parking facilities
Authors: Li, Z
Huang, H
Lam, WHK 
Wong, SC
Keywords: bilevel model
Parking charge
Parking supply
Time varying
Issue Date: 2007
Publisher: Tsinghua University
Source: Tsinghua science and technology (清华大学学报自然科学版) (英文版), 2007, v. 12, no. 2, p. 167-177 How to cite?
Journal: Tsinghua science and technology (清华大学学报自然科学版) (英文版) 
Abstract: The optimization of parking charges and parking supply over the time of a day is an important problem in the design of transportation networks. This paper presents a bilevel model to determine the optimal time-varying parking charges and parking supply in road networks with multiple user classes and different types of parking facilities. The upper level of the model aims to maximize the network net benefit in response to the parking charges and parking supply, whereas the lower level is a time-dependent network equilibrium problem with elastic demand. A descent-gradient-based solution algorithm is adapted to solve the model. The numerical results show that the implementation of time-varying parking charges and parking supply is useful to effectively cater to the time-varying demand with different parking needs. The model provides a powerful tool for strategically designing parking locations and evaluating various parking policies.
ISSN: 1007-0214
DOI: 10.1016/S1007-0214(07)70024-X
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