Smarter Pricing Could Ease Parking Frustration
Science Quickly
Scientific American
4.4 • 1.4K Ratings
🗓️ 26 December 2018
⏱️ 2 minutes
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| 0:00.0 | This is scientific American 60 second science. I'm Christopher in Tagyatta. |
| 0:07.0 | If you drive in a city, you've no doubt experienced the frustration of circling block after block |
| 0:13.0 | cruising for parking. |
| 0:14.0 | But scientists who study that phenomenon have a solution |
| 0:17.0 | to free up more spots. |
| 0:19.0 | You make them more expensive, |
| 0:20.0 | so people have to decide whether to park farther away and pay less or closer and pay more. |
| 0:28.0 | It's Ak Benenson, a system scientist at Tel Aviv University. |
| 0:32.0 | San Francisco has piloted a program like that that raises parking rates based on demand, |
| 0:37.0 | and it's been shown to reduce cruising. |
| 0:39.0 | But the sensors required for those systems can cost millions of dollars to install and operate, |
| 0:44.0 | Benenson says. So instead, writing an I-Triplee intelligent |
| 0:48.0 | transportation systems magazine, he and his colleague near Fulman describe an |
| 0:51.8 | algorithm that can determine smart pricing without the use of sensors. |
| 0:56.0 | They tested it on the Israeli city of Bat Yam near Tel Aviv. |
| 1:00.0 | First, they divide the city into zones. They estimate the parking demand in each zone by calculating the number of apartments and offices there, |
| 1:08.0 | and then they factor in parking supply in the area, along with how wealthy potential parkers might be. |
| 1:14.3 | With that data, the algorithm suggested pricing for each zone that would guarantee a 90% |
| 1:19.1 | occupancy rate of parking spots citywide, meaning 10% of spots were always available to drivers willing to pay the price, regardless of neighborhood. |
| 1:28.0 | Of course, not everyone will agree that jacking up parking prices will ease driver frustrations. Like last time Benenson proposed hiking rates for city residents? |
| 1:37.2 | I've got about 100 reacts on the web and the 99 of them that said that they have never heard such a stupid |
| 1:46.6 | statement from the professors and I should be punished and they fired it. |
... |
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