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@article{ART002120271},
author={김웅 and 김기홍 and Lee, Chul Ung},
title={Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks},
journal={Journal of The Korea Society of Computer and Information},
issn={1598-849X},
year={2016},
volume={21},
number={6},
pages={107-115}

TY - JOUR
AU - 김웅
AU - 김기홍
AU - Lee, Chul Ung
TI - Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks
JO - Journal of The Korea Society of Computer and Information
PY - 2016
VL - 21
IS - 6
PB - The Korean Society Of Computer And Information
SP - 107
EP - 115
SN - 1598-849X
AB - In this paper, we propose a Bicycle sharing has grown popular around the cities in the world due to its convenience. However, the bicycle sharing system is not problem-free, and there remains many managerial problems to be solved. In this study, we analyzed pricing strategy of a bicycle sharing system by minimizing the number of bicycles relocated by trucks, the act of which incurs penalty. The objective function is constructed by applying mixed integer programming and is presented as a stochastic model by using Markov chain so that arrival and departure rates of bicycle stations can be utilized in the analysis. The efficiency of the presented model is verified upon the analysis of bicycle sharing data gathered in Daejeon in 2014.
KW - Dickey-Fuller test;Markov-chain;bicycle sharing system;bicycle relocation;pricing strategy;service penalty
DO -
UR -
ER -

김웅, 김기홍 and Lee, Chul Ung. (2016). Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks. Journal of The Korea Society of Computer and Information, 21(6), 107-115.

김웅, 김기홍 and Lee, Chul Ung. 2016, "Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks", Journal of The Korea Society of Computer and Information, vol.21, no.6 pp.107-115.

김웅, 김기홍, Lee, Chul Ung "Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks" Journal of The Korea Society of Computer and Information 21.6 pp.107-115 (2016) : 107.

김웅, 김기홍, Lee, Chul Ung. Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks. 2016; 21(6), 107-115.

김웅, 김기홍 and Lee, Chul Ung. "Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks" Journal of The Korea Society of Computer and Information 21, no.6 (2016) : 107-115.

김웅; 김기홍; Lee, Chul Ung. Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks. Journal of The Korea Society of Computer and Information, 21(6), 107-115.

김웅; 김기홍; Lee, Chul Ung. Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks. Journal of The Korea Society of Computer and Information. 2016; 21(6) 107-115.

김웅, 김기홍, Lee, Chul Ung. Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks. 2016; 21(6), 107-115.

김웅, 김기홍 and Lee, Chul Ung. "Development of penalty dependent pricing strategy for bicycle sharing and relocation of bicycles using trucks" Journal of The Korea Society of Computer and Information 21, no.6 (2016) : 107-115.