Matching and Dynamic Pricing in Ride-Hailing Platforms

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  • Опубліковано 27 тра 2018
  • Ride-hailing platforms like Uber, Lyft, Didi Chuxing, and Ola are transforming urban mobility by connecting riders with drivers via the sharing economy. These platforms have achieved explosive growth, in part by dramatically improving the efficiency of matching, and by calibrating the balance of supply and demand through dynamic pricing. We survey methods for matching and dynamic pricing in ride-hailing, and discuss machine learning and statistical approaches used to predict key inputs into those algorithms: demand, supply, and travel time in the road network.
    The dynamic adjustment of prices ensures a reliable service for riders, and incentivizes drivers to provide rides at peak times and locations. Dynamic pricing is particularly important for ride-hailing, because pricing too low causes pickup ETAs to get very long, which reduces the efficiency of the platform and provides a poor experience for riders and drivers. Pricing and matching are intimately connected; we show that flexing wait time for riders during high-demand time periods can reduce the price variability caused by dynamic pricing.
    See more at www.microsoft.com/en-us/resea...
  • Наука та технологія

КОМЕНТАРІ • 26

  • @halflearned2190
    @halflearned2190 3 роки тому +37

    I keep dreaming that one day this channel will allow me to see the slides for more than two seconds at a time.

  • @griffithawuah6906
    @griffithawuah6906 4 роки тому +8

    were they expecting her to build uber in 1 hour? what an audience. can't even count the number of times she said "this is a very simple model"

  • @rovinvazirani3185
    @rovinvazirani3185 3 роки тому

    Very informative. Thanks!

  • @DhingraRajan
    @DhingraRajan 5 років тому

    Quite Informative :) Thanks for sharing.

  • @Frontfootback
    @Frontfootback 3 роки тому +7

    The audience is quite disastrous haha. Just wait for her to finish her presentation before asking

  • @Jay_Flippen
    @Jay_Flippen 3 роки тому +1

    49:23 I remember a passenger and I were once pondering the possibility of the platform using us as guinea pigs for extracting traffic data on an unusual route. I wonder how often such a thing might be done, if at all.

  • @Jay_Flippen
    @Jay_Flippen 3 роки тому +1

    35:19 to 35:52 Platforms have to pay for the insurance when drivers are doing longer en-route distances to pickup (dead mileage), and the drivers pay more for gasoline and wear-and-tare on their vehicle.

  • @rosh70
    @rosh70 Рік тому +1

    For all the questions that the audience asked, they were dead quiet on the "surge multiplier" concept (min. 56). Basically, she knew (judging by her look) that no one understood it. LOL

  • @dogeofvenice5624
    @dogeofvenice5624 3 роки тому

    Informative talk.

  • @mariajiao4855
    @mariajiao4855 3 роки тому +1

    I had a feeling this problem got overcomplicated while listening to it.

  • @ayush-sn9kz
    @ayush-sn9kz 2 роки тому

    Can someone share the link for the paper castillo wrote?

  • @chns1000
    @chns1000 3 роки тому

    where are slides

  • @Fanzeees
    @Fanzeees 5 років тому +8

    nice presentation, and way to much interruptions from the audience

    • @kevinfred2885
      @kevinfred2885 2 роки тому +1

      Yeah, I think its better to accept questions at the end of the presentation.

  • @pythondatascience6601
    @pythondatascience6601 5 років тому +5

    While the speaker did a great job giving a sense of their operations I felt some novices might find it hard to follow along. I found this video to be a rather little better at dwelling on the basics. ua-cam.com/video/-EnghNB8dSE/v-deo.html

  • @GhemonA
    @GhemonA 2 роки тому

    Can you at least publish the slides?

  • @moufagrabee7652
    @moufagrabee7652 3 роки тому

    The flow of the speech could be better .But thanks for sharing.

  • @arun553
    @arun553 4 місяці тому

    lmao, the audience at the front ask the worst questions

  • @joeturk8159
    @joeturk8159 5 років тому +17

    Obnoxious audience

  • @mxtthe3
    @mxtthe3 8 місяців тому

    Im sure she is knowledgeable in her field but Uber Maps is much too far behind Google Maps. There really needs to be a change at Uber

  • @kevinfred2885
    @kevinfred2885 2 роки тому

    I mean they came to butcher her presentation. LOL, I think she was nervous, she knows the questions but the answers are not convincing enough.

    • @rosh70
      @rosh70 Рік тому

      Microsoft is one of the investors in Uber (or was). So...LOL

  • @lucie8916
    @lucie8916 3 роки тому

    I felt bead for her, not having exact answers to the questions from audience. T_T I guess if there were other people with her, they might have helped with answering tho. Haha

    • @kevinfred2885
      @kevinfred2885 2 роки тому

      I fellt the same too. She is not quite conversant with what she is presenting.

  • @soumen_das
    @soumen_das 6 місяців тому

    Guys, I want to see the presentation rather than the presenter.

  • @frankfrohmann1504
    @frankfrohmann1504 2 роки тому

    Uber has never been able to be profitable.