Optimal Parking Space Allocation Model Based on the Shared Parking in Residential Areas

Based on the theory of shared parking, a shared parking decision in residential areas is designed as a pricing and parking space allocation jointed model. Because the available time gap of parking spaces in residential areas have the characteristics of fragmentation, the sharing mechanism of parking spaces in residential area is considered. The allocation strategies such as first-come-first-served (FCFS) and optimal allocation (OA) are compared. For improving the utilization and economic efficiency of parking facilities, the optimal allocation model of parking space is established and the solution algorithm is designed. Net benefit and parking duration utilization are proposed as evaluation indexes and simulation experiment is carried out. The results show that utilization rate of parking time can increase by 12.27%, and the profit rate can increase by 18.08%, which indicates that after setting the shared parking, over-saturated parking in residential areas reduces significantly, and parking space utilization efficiency improves.