Mechanism for mobility operators to pool risk from disruptions

In this collaborative work with TU Delft, we invented a new insurance policy for mobility providers that allows them to borrow fleet resources from each other in the event of a major disruption. Using disruption data from transit operators in The Netherlands, we show how different sized operators carry different amounts of negotiating power in such risk pooling agreements, and how this depends on the underlying disruption risks. Should encourage more collaborative resiliency discussions between different mobility providers.

The research was funded by NSF CMMI-1634973 and CriticalMaaS no. 804469, as well as support from USDOT 69A3551747124 via the C2SMART Center.

Link to the paper: https://www.tandfonline.com/doi/abs/10.1080/23249935.2023.2210229