Model-Based Dynamic Toll Pricing: An Overview

Modeling Toll Lanes and Dynamic Pricing Control

In this paper we address the problem of dynamic pricing for toll lanes on freeways. The proposed toll mechanism is broken up into two parts: (1) the supply side feedback control that computes the desired split ratios for the incoming traffic flows between the general purpose and the toll lanes; and (2) the demand side price setting algorithm that aims to enforce the computed split ratios. The s...

Utility Indifference Pricing - An Overview

Optimal Dynamic Pricing Strategies for High- Occupancy/Toll Lanes

This paper proposes a self-learning approach to determine optimal pricing strategies for high-occupancy/toll lane operations. The approach learns recursively motorists’ willingness to pay by mining the loop detector data, and then specifies toll rates to maximize the freeway’s throughput while ensuring a superior travel service to the users of the toll lanes. In determination of the tolls, a mu...

Model-Based Diagnosis: An Overview

Diagnosis is an important application area of Artiicial Intelligence. First generation expert diagnostic systems had exhibited diiculties which motivated the development of model-based reasoning techniques. Model-based diagnosis is the activity of locating malfunctioning components of a system solely on the basis of its structure and behavior. The paper gives a brief overview of the main concep...

Dynamic sentiment asset pricing model

Article history: Accepted 20 November 2013 Available online xxxx JEL classification: G12 G14