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http://dx.doi.org/10.7840/kics.2013.38B.3.222

Revenue Analysis of Taxi According to Moving Speed  

Park, Bo-Yeol (강원대학교 컴퓨터정보통신공학과)
Lee, Goo-Yeon (강원대학교 컴퓨터정보통신공학과)
Publication Information
The Journal of Korean Institute of Communications and Information Sciences / v.38B, no.3, 2013 , pp. 222-228 More about this Journal
Abstract
In this paper, we analyze the optimum moving speed of taxi for maximum revenue. In the analysis, we assume that passengers are distributed exponentially along with the direction as taxi moves. When the taxi arrives at the location of a passenger within the predetermined time limit, the passenger gets in the taxi. Otherwise, we assume that the passenger leaves the location and the taxi does not meet the passenger. We vary taxi speed from 0km/h through 80km/h to see how revenue of a taxi varies, applying the average gas mileage of LPG taxis in Korea. From the results of the analysis, we see that the probability that a taxi meets passengers goes high as taxi speed gets fast, however the revenue starts to fall after the maximum point of revenue at the optimum speed, since fuel cost gets dominant.
Keywords
taxi; revenue analysis; optimum speed; transportation system; simulation;
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