A deep real options policy for sequential service region design and timing

As various city agencies and mobility operators navigate toward innovative mobility solutions, there is a need for strategic flexibility in well-timed investment decisions in the design and timing of mobility service regions, i.e. cast as "real options" (RO). This problem becomes increasingly challenging with multiple interacting RO in such investments. We propose a scalable machine learning based RO framework for multi-period sequential service region design & timing problem for mobility-on-demand services, framed as a Markov decision process with non-stationary stochastic variables. A value function approximation policy from literature uses multi-option least squares Monte Carlo simulation to get a policy value for a set of interdependent investment decisions as deferral options (CR policy). The goal is to determine the optimal selection and timing of a set of zones to include in a service region. However, prior work required explicit enumeration of all possible sequences of investments. To address the combinatorial complexity of such enumeration, we propose a new variant "deep" RO policy using an efficient recurrent neural network (RNN) based ML method (CR-RNN policy) to sample sequences to forego the need for enumeration, making network design & timing policy tractable for large scale implementation. Experiments on multiple service region scenarios in New York City (NYC) shows the proposed policy substantially reduces the overall computational cost (time reduction for RO evaluation of > 90% of total investment sequences is achieved), with zero to near-zero gap compared to the benchmark. A case study of sequential service region design for expansion of MoD services in Brooklyn, NYC show that using the CR-RNN policy to determine optimal RO investment strategy yields a similar performance (0.5% within CR policy value) with significantly reduced computation time (about 5.4 times faster).

Worldwide city transport typology prediction with sentence-BERT based supervised learning via Wikipedia

An overwhelming majority of the world's human population lives in urban areas and cities. Understanding a city's transportation typology is immensely valuable for planners and policy makers whose decisions can potentially impact millions of city residents. Despite the value of understanding a city's typology, labeled data (city and it's typology) is scarce, and spans at most a few hundred cities in the current transportation literature. To break this barrier, we propose a supervised machine learning approach to predict a city's typology given the information in its Wikipedia page. Our method leverages recent breakthroughs in natural language processing, namely sentence-BERT, and shows how the text-based information from Wikipedia can be effectively used as a data source for city typology prediction tasks that can be applied to over 2000 cities worldwide. We propose a novel method for low-dimensional city representation using a city's Wikipedia page, which makes supervised learning of city typology labels tractable even with a few hundred labeled samples. These features are used with labeled city samples to train binary classifiers (logistic regression) for four different city typologies: (i) congestion, (ii) auto-heavy, (iii) transit-heavy, and (iv) bike-friendly cities resulting in reasonably high AUC scores of 0.87, 0.86, 0.61 and 0.94 respectively. Our approach provides sufficient flexibility for incorporating additional variables in the city typology models and can be applied to study other city typologies as well. Our findings can assist a diverse group of stakeholders in transportation and urban planning fields, and opens up new opportunities for using text-based information from Wikipedia (or similar platforms) as data sources in such fields.

Air Taxi Skyport Location Problem for Airport Access

Air taxis are poised to be an additional mode of transportation in major cities suffering from ground transportation congestion. Among several potential applications of air taxis, we focus on their use within a city to transport passengers to nearby airports. Specifically, we consider the problem of determining optimal locations for skyports (enabling pick-up of passengers to airport) within a city. Our approach is inspired from hub location problems, and our proposed method optimizes for aggregate travel time to multiple airports while satisfying the demand (trips to airports) either via (i) ground transportation to skyport followed by an air taxi to the airport, or (ii) direct ground transportation to the airport. The number of skyports is a constraint, and the decision to go via the skyport versus direct ground transportation is a variable in the optimization problem. Extensive experiments on publicly available airport trips data from New York City (NYC) show the efficacy of our optimization method implemented using Gurobi. In addition, we share insightful results based on the NYC data set on how ground transportation congestion can impact the demand and service efficiency in such skyports; this emerges as yet another factor in deciding the optimal number of skyports and their locations for a given city.