Price-Based Navigation Network for Transportation Capacity Trading
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Solution Overview
Problem
Current transportation systems lack an open and transparent market for trading transportation capacity units, leading to inefficiencies such as high traffic congestion, pollution, and increased costs, as they fail to value transportation capacity at a commodity level, resulting in wasted energy and resources.
Innovation Solution
A price-based navigation network and commodity forward market system that allows users to transact and trade transportation capacity units as commodities, using GPS and mobile devices to create a transparent, open-access market for various transportation modes, enabling efficient pricing and utilization of capacity units.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of energy
If Transportation Network Companies set prices non-transparently, then company profitability is improved, but market efficiency and consumer trust deteriorate
Solution Approach 1:
The patent implements a transparent pricing system where bid prices and ask prices are publicly displayed and updated in real-time based on market transactions. This feedback mechanism allows consumers to see actual market prices, enabling informed decisions and improving market efficiency through price transparency
Solution Approach 2:
The navigation server acts as an intermediary that collects transportation capacity offers from multiple providers, processes them through a forward market auction system, and presents consolidated pricing information to consumers. This intermediary function simplifies the complex market transactions while maintaining transparency
2Loss of time
If navigation systems optimize for shortest distance, then travel time is reduced, but economic efficiency and capacity utilization deteriorate
Solution Approach 1:
The patent implements dynamic routing that adjusts navigation recommendations based on real-time pricing data from the forward market. Instead of static shortest-path algorithms, the system dynamically optimizes routes based on economic efficiency, capacity utilization, and consumer preferences, allowing the navigation strategy to adapt to changing market conditions
Solution Approach 2:
The system changes the optimization parameter from purely geometric (shortest distance) to economic (cost efficiency and capacity utilization). By incorporating price per mile, bid-ask spreads, and market depth into the routing decision, the system identifies economically optimal routes that may differ from geometric shortest paths
3Ease of operation
If Transportation Network Companies monopolize pricing, then company control is improved, but consumer choice and market competition deteriorate
Solution Approach 1:
The patent segments the transportation market into individual capacity units that can be independently traded. Instead of monopolistic control over entire routes or services, multiple providers can offer segmented capacity units, enabling consumers to choose from multiple options and fostering competition while simplifying consumer access through standardized units
Data Source
AI summary
Implementations of price based navigation methods and systems based on a network, GPS system, mobile computing devices, servers, transportation unit data transformations, forward commodity market servers, grouping instructions for virtual hubs, transparent open access pricing systems, blockchain audit and safety instructions, virtual hub instructions, banking and credit account instructions, priced based GPS map routing algorithms in a graphical user interface format for mobile, audio interface or virtual interface computing over mediums which are connected via a network to transact and trade transportation seats or capacity units in airline transport, subway transport, train transport, automobile transport, autonomous vehicle transport, taxi transport, space transport, package freight transport, tractor trailer freight transport, cargo freight transport, container freight transport, virtual transport, underground transport, ship or sea transport, public transport, private transport or drone transport on a computer, mobile computer device, audio computer device, virtual reality computer device or mixed reality computing device.