Revenue Analysis of Taxi According to Moving Speed 


Vol. 38,  No. 3, pp. 222-228, Mar.  2013


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  Abstract

In this paper, we analyze the optimum moving speed of taxi for maximum revenue. In the analysis, we assume that passengers are distributed exponentially along with the direction as taxi moves. When the taxi arrives at the location of a passenger within the predetermined time limit, the passenger gets in the taxi. Otherwise, we assume that the passenger leaves the location and the taxi does not meet the passenger. We vary taxi speed from 0km/h through 80km/h to see how revenue of a taxi varies, applying the average gas mileage of LPG taxis in Korea. From the results of the analysis, we see that the probability that a taxi meets passengers goes high as taxi speed gets fast, however the revenue starts to fall after the maximum point of revenue at the optimum speed, since fuel cost gets dominant.

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  Cite this article

[IEEE Style]

B. Park and G. Lee, "Revenue Analysis of Taxi According to Moving Speed," The Journal of Korean Institute of Communications and Information Sciences, vol. 38, no. 3, pp. 222-228, 2013. DOI: .

[ACM Style]

Bo-Yeol Park and Goo-Yeon Lee. 2013. Revenue Analysis of Taxi According to Moving Speed. The Journal of Korean Institute of Communications and Information Sciences, 38, 3, (2013), 222-228. DOI: .

[KICS Style]

Bo-Yeol Park and Goo-Yeon Lee, "Revenue Analysis of Taxi According to Moving Speed," The Journal of Korean Institute of Communications and Information Sciences, vol. 38, no. 3, pp. 222-228, 3. 2013.

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pISSN : 1226 - 4717
eISSN : 2287 - 3880