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Erschienen in:
2023 | OriginalPaper | Buchkapitel
6. The Use of Integrated Payment Technologies in Smart City Transportation Pricing Strategies
verfasst von : Donald Graham
Erschienen in: Integrated Electronic Payment Technologies for Smart Cities
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Abstract
In the past 20 years, there has been a growing trend of people moving into urban and suburban areas. This population increase results in significantly higher demand for transportation facilities such as highways and mass transit. This demand has often outweighed the supply of available resources for transporting people from their origin to their destination within a reasonable time resulting in traffic congestion. Continuing to construct new highways and transportation facilities is not practical due to cost.
As a result, city planners have developed innovative pricing strategies which allow for faster and more reliable service without the need for constructing new highways. These pricing strategies rely on dynamic pricing algorithms which charge a premium for peak-hour travel (rush hour). The integrated payment technologies discussed in this chapter provide the data which is used by the algorithms.