Concepts inTaxi dispatch with real-time sensing data in metropolitan areas: a receding horizon control approach

Real-time business intelligence

Real-time business intelligence (RTBI) is the process of delivering information about business operations as they occur. The speed of today's processing systems has moved classical data warehousing into the realm of real-time. The result is real-time business intelligence. Business transactions as they occur are fed to a real-time business intelligence system that maintains the current state of the enterprise.  more from Wikipedia

Taxicab

Hybrid taxis are becoming common in major cities around the world. ]] A taxicab, also taxi or cab, is a type of vehicle for hire with a driver, used by a single passenger or small group of passengers, often for a non-shared ride. A taxicab conveys passengers between locations of their choice.  more from Wikipedia

Metropolitan area

The term metropolitan area refers to a region consisting of a densely populated urban core and its less-populated surrounding territories, sharing industry, infrastructure, and housing. A metropolitan area usually comprises multiple jurisdictions and municipalities: neighborhoods, townships, cities, exurbs, counties, and even states. As social, economic and political institutions have changed, metropolitan areas have become key economic and political regions.  more from Wikipedia

Intelligent transportation system

Intelligent Transport Systems (ITS) are advanced appli­cations which, without embodying intelligence as such, aim to provide innovative services relating to different modes of transport and traffic management and enable various users to be better informed and make safer, more coordinated, and ¿smarter¿ use of transport networks.  more from Wikipedia

Robust optimization

Robust optimization is a field of optimization theory that deals with optimization problems where robustness is sought against uncertainty and/or variability in the value of a parameter of the problem.  more from Wikipedia

Supply and demand

Supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers (at current price) will equal the quantity supplied by producers (at current price), resulting in an economic equilibrium of price and quantity.  more from Wikipedia

Transport

Transport or transportation is the movement of people, animals and goods from one location to another. Modes of transport include air, rail, road, water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Transport is important since it enables trade between peoples, which in turn establishes civilizations.  more from Wikipedia