Economics and Finance

Loading ships as they are unloaded (double-cycling) can improve the efficiency of a quay crane and thus container port. This paper describes the double-cycling problem, and presents two solution algorithms and simple formulae to estimate reductions in the number of operations, and operating time. The problem is formulated as a scheduling problem. Small problems can be solved to optimality with a standard numerical solver, but problems of typical size are computationally burdensome and terminated after 10 hours with optimality gaps larger than 50%. A formula for an improved lower bound to...

This paper proves that a class of first order partial differential equations, which include scalar conservation laws with concave (or convex) equations of state as special cases, can be formulated as calculus of variations problems. Every well-posed problem of this type, no matter how complicated, even in multi-dimensions, is reduced to the determination of a tree of shortest paths in a relevant region of space-time where "cost" is predefined. Thus, problems of this type can be practically solved with fast network algorithms. The new formulation automatically identifies the unique, single-...

From March 2020 through March 2021, researchers monitored three San Francisco Bay Area transit agencies: two large – Alameda-Contra Costa Transit District (AC Transit), Valley Transportation Authority (VTA); and one small – Tri Delta Transit. As the lockdown was imposed in response to the COVID-19 pandemic, white-collar commuters, students, and the elderly stopped using public transit. Initially, ridership fell 90 percent, and then over the year slowly climbed to less than 50 percent for AC Transit and VTA, and to around 60 percent for Tri Delta Transit. The pace of recovery was not steady...

On-demand mobility services including transportation network companies (also known as ridesourcing and ridehailing) like Lyft and Uber are changing the way that people travel by providing dynamic mobility that can supplement public transit and personal-vehicle use. However, TNC services have been found to contribute to increasing vehicle mileage, traffic congestion, and greenhouse gas emissions. Pooling rides ⎯ sharing a vehicle by multiple passengers to complete journeys of similar origin and destination ⎯ can increase the average vehicle occupancy of TNC trips and thus mitigate some of...