Short-Term Forecasting of Passenger Demand under On-Demand Ride Services: A Spatio-Temporal Deep Learning Approach

Short-term passenger demand forecasting is of great importance to the on-demand ride service platform, which can incentivize vacant cars moving from over-supply regions to over-demand regions. The spatial dependences, temporal dependences, and exogenous dependences need to be considered simultaneously, however, which makes short-term passenger demand forecasting challenging. We propose a novel deep learning (DL) approach, named the fusion convolutional long short-term memory network (FCL-Net), to address these three dependences within one end-to-end learning architecture. The model is stacked and fused by multiple convolutional long short-term memory (LSTM) layers, standard LSTM layers, and convolutional layers. The fusion of convolutional techniques and the LSTM network enables the proposed DL approach to better capture the spatio-temporal characteristics and correlations of explanatory variables. A tailored spatially aggregated random forest is employed to rank the importance of the explanatory variables. The ranking is then used for feature selection. The proposed DL approach is applied to the short-term forecasting of passenger demand under an on-demand ride service platform in Hangzhou, China. Experimental results, validated on real-world data provided by DiDi Chuxing, show that the FCL-Net achieves better predictive performance than traditional approaches including both classical time-series prediction models and neural network based algorithms (e.g., artificial neural network and LSTM). This paper is one of the first DL studies to forecast the short-term passenger demand of an on-demand ride service platform by examining the spatio-temporal correlations.Comment: 39 pages, 10 figure

A Comparative Analysis of the Business Models of Uber and Didi under Sharing Economy Background

With the development of ‘Internet +’, a new business model the Sharing Economy is booming，which as a revolutionary power to overthrow the business modes of traditional industries. The development of sharing economy has unique advantages and urgent reality in China. Therefore, based on the current situation of sharing economy, this paper analyzes and contrasts the business models of Uber and the Didi by using Johnson and Christensen's ‘Four Elements’business model，concludes business model of sharing economy should have certain characteristics, such as advocated sharing concept, setting up the Internet platform, providing personalized service, establishing the trust mechanism, the supply and demand matching reshaped.Finally, this paper provides comprehensive suggestions for the better development of Chinese enterprises under the sharing economy: enterprises should know their own advantages, not blindly copying the world's leading enterprises, and make effort to build a new model with Chinese characteristics to sharing economy; create "Internet platform + cooperation partner + customers†model and seek cross-border collaboration; In-depth understanding and analysis the macro and micro-environment of international market, seeking cooperation with foreign domestic enterprise, to speed up enterprises to "go out"

How machine learning informs ride-hailing services: A survey

In recent years, online ride-hailing services have emerged as an important component of urban transportation system, which not only provide significant ease for residents’ travel activities, but also shape new travel behavior and diversify urban mobility patterns. This study provides a thorough review of machine-learning-based methodologies for on-demand ride-hailing services. The importance of on-demand ride-hailing services in the spatio-temporal dynamics of urban traffic is first highlighted, with machine-learning-based macro-level ride-hailing research demonstrating its value in guiding the design, planning, operation, and control of urban intelligent transportation systems. Then, the research on travel behavior from the perspective of individual mobility patterns, including carpooling behavior and modal choice behavior, is summarized. In addition, existing studies on order matching and vehicle dispatching strategies, which are among the most important components of on-line ride-hailing systems, are collected and summarized. Finally, some of the critical challenges and opportunities in ride-hailing services are discussed