Parking Space Allocation with Uncertain Demand and Supply Consideration

With the lack of parking lots becoming more and more serious, shared parking appears in our daily life. This paper studies the strategy of the capacity allocation between reservation customers and the walk-in customers with uncertain demand and supply consideration in the shared parking platform. The decision principle of the booking limit has been proposed. We also have performed computational experiments to verify the relationship between booking limit and the expected revenue, and have investigated the sensitivity of the optimal booking limit.