BU has collaborated with the Bournemouth-Christchurch-Poole (BCP) local council on the initiative investigating sustainable solutions to urban parking which is a challenging problem to the area especially during peak tourist periods. The study, initiated and led by Dr. Wei Koong Chai in BU, explores the possibilities of exploiting online parking reservation platforms proposed in the last decade to cope with the parking challenge by enlisting parking resources from commercial operators (e.g., lots) and individuals (e.g., driveways) and allowing drivers make online reservations through mobile apps. The platforms facilitate transactions between the two sides and best match parking supply with parking demand. In this way, we increase the supply which may be otherwise unused while maximise value for drivers and parking space providers.
The study analyses real parking data in the Bournemouth city to realistically model the rich spatiotemporal dynamics of parking demand such as the location, start times and duration of parking events. These datasets drive the experimental evaluation of the research, which reports gains of up to 35% compared to the de facto parking resource reservation policy in such platforms.
M. Karaliopoulos, O. Mastakas and W. K. Chai, “Matching Supply and Demand in Online Parking Reservation Platforms,” in IEEE Transactions on Intelligent Transportation Systems, vol. 24, no. 3, pp. 3182-3193, March 2023, doi: 10.1109/TITS.2022.3230087.