Matching and Dynamic Pricing in Ride-Hailing Platforms - YouTube
Ride-hailing platforms like Uber, Lyft, Didi Chuxing, and Ola are transforming urban mobility by connecting riders with drivers via the sharing economy. The...
Ride-hailing platforms like Uber, Lyft, Didi Chuxing, and Ola are transforming urban mobility by connecting riders with drivers via the sharing economy. These platforms have achieved explosive growth, in part by dramatically improving the efficiency of matching, and by calibrating the balance of supply and demand through dynamic pricing. We survey methods for matching and dynamic pricing in ride-hailing, and discuss machine learning and statistical approaches used to predict key inputs into those algorithms: demand, supply, and travel time in the road network. The dynamic adjustment of…
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