How Does Bilateral Preference Affect Shared Parking in Sharing Economy?

Abstract

Sharing economy is seen as an essential building block for sustainability. Yet, inefficient utilizing of parking spaces needs more attention, by which both direct and indirect traffic congestions may be caused, jeopardizing the economic potential of sustainable development. Conventional parking service may gradually lose favour in analogy to its counterpart, of which a novel approach solving shortage of urban parking resources is offered by shared parking. Hence, in this paper, problems of how to redistribute the available private-owned parking slots that be shared are focused due to the parking slot location properties that can be labelled as random, disordered, unstable, widely distributed, etc. Specifically, shared parking greatly enhances reasonability by considering satisfaction. Based on the mechanism of time matching between supply and demand, this paper thoroughly takes the bilateral preference of both parking demanders and parking space suppliers into account in terms of maximization of the utilization rate of shared parking spaces as well as the satisfaction of parking demanders, in which a multiobjective optimization model is established and the weighted sum method combined with the Hungarian method is adopted. Compared with the first-come-first-served (FCFS) strategy, the performance of the proposed method enjoys more advantages in utilizing shared parking spaces and in satisfying parking demanders. The model established and algorithm conducted in this paper meet the requirements induced by parking space redistribution in which inequalities exist between supply and demand, facilitating automobile parking and realizing higher efficiencies in using public resources regarding shortage of parking spaces in urban areas.