Dynamic Pricing for On-street Parking
On-street parking in large cities can be an expensive headache.
But parking sensors in cities such as Los Angeles and San Francisco create a better trade-off between prices and the ease of finding a parking space.
These sensors track exactly how many vehicles are parked on each block face. The purpose is to dynamically set parking prices so that the occupancy of each block face equals some occupancy target, such as 70% or 80% full, throughout the day.
Read how we created an “occupancy thermostat” that raises and lowers prices with demand, while accounting for drivers’ flexibility regarding where, when and how legally they park. We combine data from sensors, surveys, weather and holidays. See what this sophisticated model could do for your city.