MIT researchers develop algorithm to increase taxi fleet efficiency
Researchers used a network-based model they called “vehicle sharing network” to approach the problem
Researchers at the Massachusetts Institute of Technology (MIT) have developed a highly-efficient algorithm that can cut a city’s fleet of taxis by 30%, according to a press release by MIT. The algorithm helps decide how many taxis a city might actually need in an era of shared mobility services. The researchers published their work in Nature journal last week.
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