11:10 AM - 11:30 AM
[148] Optimal parking placement problem with endogenous route choice model
Keywords:route choice model, Recursive Logit Model, Structural Estimation, two-stage optimization, parking, pedestrian
We tested a two-stage optimization problem for optimizing the location of parking spaces in a central area of a local city, with a route choice model that considers endogeneity as a subproblem. Parameter estimation using trajectory data and seeking solutions to multi-objective optimization problems reveal that the negative utility of walking is relatively higher than that of driving a car, that locating destinations and parking lots close together is likely to be the optimal strategy, and that pedestrian-only spaces have positive utility but may worsen social welfare if not effectively located. The results also suggest that large scale pedestrian spaces may promote modal shift from driving to walking, reduce congestion and increase the total utility of visitors by car.