Dynamic taxi surcharge pricing model

2021-08-29 08:05:19

Based on the advancement of technology, we can determine the position of the vehicle on the road. In this way, we can induce a shift in taxi pricing patterns rather than a fixed and complex form. We should consider a dynamic taxi fare plan. The surcharge is to motivate taxis to provide high-demand taxis but less taxis. As long as supply and demand can be measured, we can use a simple three-band structure instead of complex surcharges.
There are no surcharges for taxis in areas that are more recently rented. The number of taxis is far below the recently rented area, and the scheduled surcharge will be implemented. In the middle zone, supply and demand can be compared, and a small additional fee is used to maintain the status quo. The surcharge can vary with location and time, but there are only three different fares. Companies can manage the benefits of drivers through sensors based on location prediction algorithms.

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