Applying econophysics in the context of carsharing - development of a vehicle relocation algorithm and decision support system

Alfred Benedikt Brendel, Julian Tim Brennecke, Ilja Nastjuk

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

1 Citation (Scopus)

Abstract

The future of transportation relies on the development of sustainable economic solutions for urban mobility problems. Although carsharing services help counter these challenges by providing a promising alternative to private car-ownership, several obstacles have prevented carsharing from reaching its full potential as a mainstream preference for daily commute. One such challenge prevalent among carsharing services is the lack of efficient vehicle relocation solutions capable of responding to dynamic customer vehicle demands. We contribute to developing solutions for the vehicle relocation challenge through a cross-disciplinary perspective by applying an econophysical approach and utilizing knowledge from the field of physics. Following the Design Science Research paradigm, we developed a new approach of vehicle relocation capable of supporting station-based and free-floating carsharing as well as user-based and operator-based relocation strategies, called System Energy Relocation Algorithm (SERA). SERA was developed with the specific goals of not only automatically computing vehicle relocations but also to provide bases for informed decision making. Thus, SERA adds a new perspective to the vehicle supply and demand management discourse by not only addressing performance related aspects of vehicle relocation but also by exploring approaches for supporting the decision processes of carsharing providers.

Original languageEnglish
Title of host publicationICIS 2018
Subtitle of host publicationProceedings of the International Conference on Information Systems 2018
Place of PublicationSan Francisco, CA
PublisherAssociation for Information Systems
Number of pages17
ISBN (Electronic)9780996683173
Publication statusPublished - 2018
Event39th International Conference on Information Systems, ICIS 2018 - San Francisco, United States
Duration: 13 Dec 201816 Dec 2018

Conference

Conference39th International Conference on Information Systems, ICIS 2018
CountryUnited States
CitySan Francisco
Period13/12/1816/12/18

Keywords

  • Carsharing
  • Decision support systems (DSS)
  • Demand management
  • Design science research
  • Green IT-IS
  • Vehicle relocation
  • Vehicle supply and demand management

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