Non-linear dynamic pricing for tolling systems
AssigneeElectronic Transaction Consultants, LLC
InventorAlessandro Stagni
Life of this patent
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Abstract
A method includes receiving sensor data from a sensor system associated with a roadway, the sensor data comprising information for speed and timing of vehicles passing within a managed lane of the roadway. The method further includes determining, based on the sensor data a current level-of-service for the managed lane. The method further includes comparing the current level-of-service for the managed lane with a target level-of-service for the managed lane. The method further includes calculating a price adjustment for the managed lane based on a difference between the current level-of-service and the target level-of-service, the price adjustment having a non-linear relationship between the price adjustment and the difference.
Claims20
A method comprising:
- receiving sensor data from a sensor system associated with a roadway, the sensor data comprising information for speed and timing of vehicles passing within a managed lane of the roadway;
- determining, based on the sensor data a current level-of-service for the managed lane;
- comparing the current level-of-service for the managed lane with a target level-of-service for the managed lane;
- calculating a price adjustment for the managed lane based on a difference between the current level-of-service and the target level-of-service, the price adjustment having a non-linear relationship between the price adjustment and the difference.
A method performed by a computing system, the method comprising:
- determining a target level-of-service for a managed lane;
- with a sensor system, determining a current level-of-service for the managed lane;
- displaying a first price for the managed lane;
- displaying an adjusted price for the managed lane, the adjusted price being a quantized value and being determined based on a non-linear relationship between price difference and a difference between the current level-of-service and the target level-of-service.
A system comprising:
- a processor;
- and
- a memory comprising machine-readable instructions that when executed by the processor, cause the system to:
- receive sensor data from a sensor system associated with a roadway, the sensor data comprising information for speed and timing of vehicles passing within a managed lane of the roadway;
- determine, based on the sensor data a current level-of-service for the managed lane;
- compare the current level-of-service for the managed lane with a target level-of-service for the managed lane;
- calculate a price adjustment for the managed lane based on a difference between the current level-of-service and the target level-of-service, the price adjustment having a non-linear relationship between the price adjustment and the difference.
Dependencies are inferred from the claim text.