Profit Optimization in Commercial Ridesharing

Arpita Biswas, Ragavendran Gopalakrishnan, Theja Tulabandhula, Koyel Mukherjee, Asmita Metrewar, Thangaraj Rajasubramaniam

Abstract: Ridesharing is undoubtedly appealing from a sustainability perspective; however, profit optimization is very important for commercial providers. As such, ridesharing offers a valuable opportunity to garner profit by reducing the number of driver-miles that need to be paid for in order to serve the same set of passengers. In this paper, we study profit optimization for commercial ridesharing service providers such as UberPool and LyftLine.