Cost of a Parking Space

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  • Topic: Parking, George Mason University, Parking space
  • Pages : 11 (3536 words )
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  • Published : March 26, 2013
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OPTIMIZATION OF RESOURCE DISTRIBUTION IN THE GEORGE MASON UNIVERSITY PARKING SYSTEM Student team: Stephen Cannon, Shakeb Rehman, Alberto Mendez, Vincent Vo, Ana Maria Ordoñez, Amit Singh Faculty Advisor: George L. Donohue Department of Systems Engineering and Operations Research Client Advisor: Kenneth E. Bumgarner George Mason University University Services Fairfax, VA kbumgarn@gmu.edu KEYWORDS: Urban affairs, system engineering, parking, George Mason University, Transportation, Decision-making, Optimization, Monte Carlo Simulation, Eventoriented Model, Parking System ABSTRACT The users of George Mason University’s parking system are quickly outgrowing the capacity of the system and are dissatisfied with the quality of the service this system provides, yet George Mason parking services are still in debt from previous expansion projects. Plans are already underway to increase the capacity of the system but not without great financial expense. Our objective is to provide a more effective means of distributing the resources of the parking system at George Mason University that is relatively inexpensive and that will work in conjunction with the existing plans to expand George Mason’s parking system. Our system design consists of a series of policies to be enacted on the George Mason University parking system by 2004. These policies are: providing carpooling incentives, restricting resident students from parking in the most valuable parking spaces, selling reserved spaces via a uniform price sealed bid auction, and differentiating the decal prices into several value groups. The effect of these policies was modeled using a computer simulation that replicated the acquisition of the system’s parking spaces by George Mason University (GMU) plans to grow to 30,000 students by 2007 and decrease its teacher to student ratio to 1:14. The effective growth rate between 2002 and 2007 will be approximately 1000 a year. Figure 1 displays the historic and projected student population on the Fairfax campus of George Mason between 1992 and 2014 (Office of IR&R 2001). Clearly, new spaces must be built to meet this growing demand. Growth Rate

29000 27000 Population 25000 23000 21000 19000 17000 15000 1991 1995 Population

stakeholders during peak hours. Results showed that the increased derived utility realized by the users of the parking system was minimal but the increased revenue obtained was significant. PROBLEM STATEMENT

1999

2003

2007

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2015

Future Projections

Figure 1. Historic and Projected Student Population on Fairfax Campus. The George Mason campus, as seen in Figure 2, has limited space to build further lots. A large lot could conceivably be built behind lot K, but parking in this lot would be immensely inconvenient. Any new spaces that would be convenient for the parking system’s users must be placed along Patriot Circle, the circular road

surrounding the central portion of the campus containing the majority of the buildings, lots B and E, and the parking deck. Since the real estate surrounding Patriot Circle is nearly all occupied, the only real option available for significant expansion of the parking system must be to build parking decks above the existing lots around Patriot Circle such as in Lot B and F.

faculty, and staff, do not feel the system effectively fulfills their needs. Any solution to this problem must improve the quality of service of the parking system while taking into account the growing population of the campus and costs to the system. PERFORMANCE METRICS The effectiveness of the parking system to fulfill the needs of its various stakeholders was measured using six performance metrics. These performance metrics are - Time to Destination - Shelter - Safety - Free Space in Parking Space - Parking Space Cost - Perceived Fairness

Most of the metrics deal directly with the parking spaces that constitute the parking system, although the perceived fairness of the parking system...
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