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Fluid Models for Traffic and Pricing

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dc.creator Kachani, Soulaymane
dc.creator Perakis, Georgia
dc.date 2003-11-29T19:57:45Z
dc.date 2003-11-29T19:57:45Z
dc.date 2003-01
dc.date.accessioned 2013-10-09T02:32:14Z
dc.date.available 2013-10-09T02:32:14Z
dc.date.issued 2013-10-09
dc.identifier http://hdl.handle.net/1721.1/3734
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/1721
dc.description Fluid dynamics models provide a powerful deterministic technique to approximate stochasticity in a variety of application areas. In this paper, we study two classes of fluid models, investigate their relationship as well as some of their applications. This analysis allows us to provide analytical models of travel times as they arise in dynamically evolving environments, such as transportation networks as well as supply chains. In particular, using the laws of hydrodynamic theory, we first propose and examine a general second order fluid model. We consider a first-order approximation of this model and show how it is helpful in analyzing the dynamic traffic equilibrium problem. Furthermore, we present an alternate class of fluid models that are traditionally used in the context of dynamic traffic assignment. By interpreting travel times as price/inventory-sojourn-time relationships, we are also able to connect this approach with a tractable fluid model in the context of dynamic pricing and inventory management. Finally, we investigate the relationship between these two classes of fluid models.
dc.description Singapore-MIT Alliance (SMA)
dc.format 295629 bytes
dc.format application/pdf
dc.language en_US
dc.relation High Performance Computation for Engineered Systems (HPCES);
dc.subject stochasticity
dc.subject fluid models
dc.subject dynamic traffic equilibrium problem
dc.subject price/inventory-sojourn-time relationships
dc.subject dynamic pricing
dc.subject inventory management
dc.title Fluid Models for Traffic and Pricing
dc.type Article


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