2024/03/27 by Pan-Yang Su, Chinmay Maheshwari, Su, Pan-Yang +5 · 1 citation
Economics, Econometrics and Finance · Energy · Social Sciences · #90B06 #90C27 #91A68 #91B03 #Aviation Industry Analysis and Trends #Energy, Environment, and Transportation Policies #FOS: Computer and information sciences #FOS: Economics and business #FOS: Electrical engineering #FOS: Mathematics #Multiagent Systems (cs.MA) #Optimization and Control (math.OC) #Systems and Control (eess.SY) #Theoretical Economics (econ.TH) #Transportation Planning and Optimization #electronic engineering #information engineering
paper · pdf · doi:10.48550/arxiv.2403.18166
openalex publication_date 2024/03/27 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
The rise of advanced air mobility (AAM) is expected to become a multibillion-dollar industry in the near future. Market-based mechanisms are touted to be an integral part of AAM operations, which comprise heterogeneous operators with private valuations. In this work, we study the problem of designing a mechanism to coordinate the movement of electric vertical take-off and landing (eVTOL) aircraft, operated by multiple operators each having heterogeneous valuations associated with their fleet, between vertiports, while enforcing the arrival, departure, and parking constraints at vertiports. Particularly, we propose an incentive-compatible and individually rational vertiport reservation mechanism that maximizes a social welfare metric, which encapsulates the objective of maximizing the overall valuations of all operators while minimizing the congestion at vertiports. Additionally, we improve the computational tractability of designing the reservation mechanism by proposing a mixed binary linear programming approach that leverages the network flow structure.