Probability-Aware Parking Selection
By: Cameron Hickert , Sirui Li , Zhengbing He and more
Potential Business Impact:
Finds parking faster, saving time and gas.
Current parking navigation systems often underestimate total travel time by failing to account for the time spent searching for a parking space, which significantly affects user experience, mode choice, congestion, and emissions. To address this issue, this paper introduces the probability-aware parking selection problem, which aims to direct drivers to the best parking location rather than straight to their destination. An adaptable dynamic programming framework is proposed for decision-making based on probabilistic information about parking availability at the parking lot level. Closed-form analysis determines when it is optimal to target a specific parking lot or explore alternatives, as well as the expected time cost. Sensitivity analysis and three illustrative cases are examined, demonstrating the model's ability to account for the dynamic nature of parking availability. Acknowledging the financial costs of permanent sensing infrastructure, the paper provides analytical and empirical assessments of errors incurred when leveraging stochastic observations to estimate parking availability. Experiments with real-world data from the US city of Seattle indicate this approach's viability, with mean absolute error decreasing from 7% to below 2% as observation frequency grows. In data-based simulations, probability-aware strategies demonstrate time savings up to 66% relative to probability-unaware baselines, yet still take up to 123% longer than direct-to-destination estimates.
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