URBIOTICA’s Post

Dynamic parking pricing adjusts parking rates periodically (typically monthly, quarterly, or annually) based on observed occupancy levels to reach a particular objective, such as having one open space available 90% of the time in each parking zone. Limiting its scalability is the lack of parking occupancy data, especially on-street, which is collected by costly and infrastructure-invasive sensors like magnetic pucks and cameras.   An underrated replacement or companion to sensors is parking payment transaction data, which can be used to develop price-aware occupancy prediction models. These models are complex as they should capture the network effects of pricing, such as occupancy spillover between parking zones, even if just some prices are modified.   The demonstration shows the application of a network-aware parking occupancy prediction model with hourly pricing and time-day pricing as two major pricing policies. Periodic re-calibration of the prediction models allows for implementing “Adaptive Pricing,” which may be a better-suited term than “Dynamic Pricing.” In collaboration with Ghazaleh Mohseni and Hesam Rashidi. Interactive-or.net #Parking #DynamicPricing #CommunityImprovement #CurbManagement

Dynamic parking pricing is an effective strategy for balancing parking demand and supply by adjusting hourly rates based on recorded occupancy levels. The price adjustment frequency typically ranges from three months to a year, making "Adaptive Pricing" a more accurate term to describe this pricing strategy. This report, commissioned by Toronto’s Transportation Services Department, explores using parking transaction data as a cost-efficient alternative to traditional sensors, such as pavement-mounted magnetic pucks and cameras, which are expensive, infrastructure-intensive, and difficult to scale. The proposed pricing algorithm eliminates the need for invasive occupancy detection infrastructure by leveraging digitally recorded transaction data from parking meters. Supported by a Graph Neural Network (GNN), the algorithm dynamically adjusts parking rates to optimize availability, redistribute demand, and reduce congestion. Results show significant improvements, such as an 8.5% increase in available spots during busy morning hours and a 3.6% reduction in evening occupancy rates, while maintaining high prediction accuracy across diverse conditions. All results are the opinions of the researchers based on the conducted analysis. Created by Wenhan Luo, Hesam Rashidi, Fatemeh Sadeghi, Raneem A., and Matthew Roorda. Interactive-or.net #Parking #Pricing #Toronto

"Discover the marvels of parking technology! From smart sensors to automated systems, innovative parking solutions are revolutionizing the way we navigate urban spaces. Say goodbye to the hassle of finding a spot and hello to seamless parking experiences! #ParkingTechnology #Innovation #UrbanSolutions"

The webinar “Revolutionizing Parking: Smart Solutions for a Sustainable Future,” hosted by PlanetSpark.io in partnership with AMD, brings together industry experts and partners to discuss cutting-edge parking management strategies. This webinar is perfect for car park system integrators, owners, building managers, smart city infrastructure developers, and AI algorithm specialists. Key highlights of this webinar include: - Tackling challenges like inconsistent ANPR accuracy and high operational costs with innovative solutions - Delving into AMD's technology, such as Vitis AI and pre-trained models, and their impact on setting new benchmarks in the smart parking industry Partner insights: - ANPR Algorithm by NYP (Nanyang Polytechnic) - Smart Parking Hardware Integration by Nexwah As a virtual event, simply register for your preferred time slot and gain real-time insights into emerging opportunities within the smart parking sector. We look forward to your participation. Don't miss out on this opportunity to gain valuable insights into the latest smart parking technologies and strategies. Registration link https://lnkd.in/gmdFsnQK Date and Time (Choose one slot only): Webinar 1: 18 Sep, 10 AM Singapore / 9 AM Thailand / 12 PM Australia (AEDT) Webinar 2: 19 Sep, 10 AM India / 12:30 PM Singapore #Excelpoint #SmartSustainableCarParking #VirtualWebinar #PlanetSparkandAMD #SmartParkingSolutions #ANPRAccuracy

Vladislav Gavriluk, I completely agree with your point about the importance of maintaining normalcy in business operations. It is crucial for businesses to adapt and find ways to continue providing their products or services, even during challenging times. In my experience, businesses that are able to quickly adjust their strategies and use innovative approaches often come out stronger on the other side. While it's important to stay informed and take necessary precautions, it's equally important to keep moving forward. During this time, companies can explore new avenues such as expanding their online presence, implementing remote work policies, or offering special promotions to attract customers. Additionally, staying connected with clients through regular updates and transparent communication can go a long way in building trust and loyalty. It's encouraging to see businesses supporting each other during these uncertain times. By sharing our experiences and best practices, we can collectively navigate through this situation.

Our Smart Lynx parking sensors are built on three core principles: ✅ Precision: With up to 99% detection accuracy, they reduce parking frustrations and streamline real-time availability updates. 💰 Cost Efficiency: Designed for quick installation with minimal road impact, these durable, low-maintenance sensors keep upkeep costs low. 🌐 Scalability: As cities grow, our sensors integrate seamlessly with traffic systems and apps, providing real-time guidance, and payment options for a smoother parking experience. Discover how we're redefining urban parking: https://lnkd.in/g49Bpxy

Smart Parking Solution..!

🅿️ Revolutionizing Parking with Smart Automation 🚗💡 Hey everyone! Let's talk about the game-changing innovation of smart parking automation. Here's why it's making waves in our daily lives: 🅿️ Efficiency at Its Finest: Imagine cruising around a busy parking lot, desperately searching for a spot. With smart parking technology, that frustration is a thing of the past! Sensors detect available spaces and guide you straight to them, saving time and reducing stress. 🌟 Innovating Urban Spaces: Smart parking isn't just convenient; it's also transforming urban landscapes. By optimizing parking utilization, cities can alleviate traffic congestion, reduce carbon emissions, and create more pedestrian-friendly environments. It's a win-win for everyone! 🔍 Enhancing User Experience: Whether you're a driver looking for parking or a business owner managing a lot, smart automation elevates the user experience. Real-time data and mobile apps provide seamless navigation, payment options, and even reservation capabilities, ensuring a hassle-free parking experience. As Steve Jobs famously said, "Innovation distinguishes between a leader and a follower." Let's embrace the power of smart parking automation to drive forward innovation and enhance the way we live, work, and move around our cities! 🌟 #SmartParking #Innovation #UrbanMobility #SteveJobsQuotes #GennadiyVaksman #GV #MrG #Gennadiy ------------------------------ ✅️ I share content that I find unique, inventive, and distinctively cool.  ✅️ Follow me for more updates: Gennadiy Vaksman ✅️ Stay tuned for my latest content by ringing the bell icon (🔔) at the top right corner of my profile. ------------------------------

Modern teacher chronicles 😅 😀 😅 In economics it's all about saving time or money the only two limited resources. As a creative and interesting teacher, I have 10-14 year old to teach economics. I always seek to make learning experiences unique, relatable and personal. This ensures practical knowledge can be used in the day to day lives of students. We are learning about Efficiency and Interdependence in IB economics classroom. I introduce with a quote " Efficiency is being intelligent lazy" play a video and let the young curious minds think 🤔😉. My Gen z students "Purity does hardwork pay" This is just one among the many questions this inquisitive young minds ask in a day. When I see below video I imagine how innovation has really helped imagine 1. The packing space saved 2. Accidents prevented 3. Time saved on reversing 😂😂 ladies parking time. This are the classroom experiences kids find intriguing, at the end of the lesson you give them list of companies like Uber, Lyft, Air BnB, Upwork and Fiverr then ask them to draw mindmap on how the innovation has improved Efficiency and Interdependence. As a teacher I have confidently built a leader with a changed mindset my lesson objectives is achieved once student can use the lesson practically in real life scenarios 😂🤔 #innovation #techworld#teaching