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A brief explanation of what Texxi is.
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Optimising Global TravelThe Supply Side
Transit Exchange XXILiverpool June 20th 2013
So what is Texxi all about?
It is a Transit Exchange system
But if you can remember only one thing from this presentation
The Texxi system is fundamentally about Congestion Pricing & Roadspacetime
All the taxi / carshare / rideshare stuff is mere icing on the cake!
It is a search application / algorithm for demand responsive transit
enabling largescale dynamic real-time ridesharing
Designed to optimise roadspacetime use (and thus reduce congestion)
increase vehicle occupancy and reduce fleet fuel use for the same carrying capacity
reducing the price of travel for folk
All this for a 0.10 reals fare hike?
People take transport seriously!
while increasing revenues for both vehicle service operators and the road operator
all without limiting freedoms
As such it is an overall system
that combines several key characteristics, (operational concepts, algorithms and knowhow)
It sounds like simple taxi hailing..
Taxi Hailing startups
but that is only one application of the system
of several that can come about
It sounds like simple vehicle sharing..
Carshare / Car rental companies
but that is only one part of it
It sounds like on demand ride sharing..
Ridesharing Startups
LyftGroupMeSideCarZimRidesLiftshare
yup, you've guessed it - that is only one application....
!
If you think any of these afore-mentioned are our competitors, you have not understood a thing about Texxi
!
They are in fact our potential customers
It's like telling Yorkshire Water that they should fear the very people who make taps
(faucets)
Most people always simplify new ideas to sound like things they have experience of
taxi hailing
car share / car rental
ride sharing / grouped rides
It does turn out that trying to describe a solution
to a combinatorial optimisation
problem using genetic algorithms and
heuristics to overcome an apparent bottleneck
in computational complexity theory is really quite a mouthful
It is just easier to say "Something to do with taxis"
We do all of those + more
Much more
Mission
Reform global transport by optimising roadspacetime use in a real-time dynamic fashion
Mission
Create a single open, fair and free market for all modes of ground transportation in a city / municipality / country
Vision
Apply concepts from the internet and free markets / futures exchanges to transport
Vision
Breaking up the different layers of ownership in the transport model
Vision
Change fundamentally the method of generation of revenue from road usage - reverting to the "appliance" concept
We showed it was possible as far back as 2006
And that the market for this in the USA + EU5 is $3 TRILLION per annum
What we have actually done is describe and design a new way in which to run our road system which is more in line with the principles of Liberty
Who are our competitors?
Bus monopoliesThe incumbent taxi industryCorrupt government officialsSome car manufacturers
What problems do we solve?
Congestion Budgetary shortfalls for municipalitiesLow average vehicle occupancyIncreasing urbanisationFuel UseSocial ExclusionHigh Taxi PricesLack of availability of transportDearth of choice
Mode: CommuterA subscription service to enable people to have the same transport options as a private car
Taking customers from transit hubs to their homes or offices
Transport solutions for large scale festivals and events, particularly where parking is limited
Mode: Big EventChanging the charging model for destinations
Big EventThe stadium becomes an appliance / app on the road system
Costs such as policing would now be borne by anyone travelling to the stadium
http://www.flickr.com/photos/beggs
CorporateCan become an equaliser
Virtual Private Travel, enabling staff members, executives and their clients to make use of a luxury fleet of coaches to get to work
Corporate
Now even smaller start-up businesses could set-up at business parks and offer their employees the kind of travel perks usually reserved only for corporate behemoths.
Mode: School RunA subscription service to enable people to have their children transported in shared services to schools
School-age children could now share direct transport to and from school in appropriate vehicles
Mode: Evening Economy
Restaurant patrons and restaurant businesses could benefit from cheaper travel, especially where alcohol is involved
Mode: TouristA city as a cruise destination becomes an "app".
Tourists on visits to a city could visit relatively remote destinations; the revenue shared between the broker and the mode licence buyer (the cruise company)
A better, cheaper and faster way to get tourists from the airports into the city centre
Tourist
Shopping
on-the-fly, door-to-mall travel to and from supermarkets. A version of a supermarket bus on-demand.
Soccer Mom Taxi Service (SMOTAS)
Other Apps
So it does turn out that trying to describe the myriad
solutions to the combinatorial optimisation problems is really quite a mouthful
And pretty boring to boot
TRANSIT EXCHANGE FOR THE
XXI CENTURY
Combinatorial Optimisation
Travelling Salesman Problem
But most people just liked to hear or see something much more simple to begin with
With the issues in Brazil being very capable of showing up just about anywhere else
The opportunity has never been more ripe as now
If you can remember only one thingfrom this presentation
The Texxi system is fundamentally about Congestion Pricing & Roadspacetime
All the taxi / carshare / rideshare stuff is mere icing on the cake!
Thank you
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