10.19 - So Proud

February 09, 2022Newsletter archive →

May 15, 2022

SmartDrivingCars eLetter

From pricing carbon to fighting opioid abuse, ORFE showcased top senior projects

A. Nathans, May 11, "When Serena Ren presented her senior thesis on using machine learning for art appraisals last month, she hoped to see her friend, Joyce Luo, present her thesis on fighting opioid addiction. But since all students in the Department of Operations Research and Financial Engineering present their theses in parallel sessions, this was impossible.

But on May 4, Ren and Luo finally got to see each other's presentations in a classroom in Sherrerd Hall, thanks to the department's first-ever event in which selected students present their thesis work to the whole department.... " Read more

Hmmmm... I'm so proud! Hopefully we'll be able to release the video so you can enjoy. Keep trying the link:

Princeton ORFE Class of 2022 Senior Thesis Symposium "Best 8"

• Isabelle Grosgogeat "Impact of women and minority ownership on private equity"

• Joyce Luo "Equitable data-driven resource allocation to fight the opioid pandemic"

• Caroline Noonan "The impact of carbon price on power plant dispatch, production costs, and total emissions"

• Hari Ramakrishnan "Lighting up dark pools"

• Serena Ren "Automatic art appraisals"

• Mitchell Stroebell "A comparison of advanced player statistics for the NBA"

• Jack Woll "Pairs trading and volatility"

• Andre Yin "Equity trading strategies based on macroeconomic event analysis"

F. Fishkin, May 15, Wireless electric vehicle charging can make autonomous mobility services more affordable for all. How? Momentum Dynamics Chief Commercial Officer Bob Kacergis explains on episode 268 of Smart Driving Cars with Princeton's Alain Kornhauser & co-host Fred Fishkin. Plus..Oshkosh, Torc Robotics, Trenton Moves and more."

Technical support provided by:

2. Monday, May 16 -> Wednesday, May 18 ... Live @ InterContinental Hotel, Chicago: 2022 National Shared Mobility Summit...

M. Cramer, May 15, "... He said he considers himself luckier than other students at the university. At least, he said, he has a car and can drive to Costco to buy food in bulk and save some money..."

Hmmmm... A NY Times article may finally be realizing the existence of fundamentally 2 Americas... Those that have access to great mobility (those with access to a car) and those that don't. The purpose of my is to focus on the ways to begin to deploy the fruits of to make available high-quality mobility to those that don't have access to a car, as well as those that do, thereby substantially improving their quality-of-accessibility to a level comparable to that which is enjoyed by those of us with access to our own car.

Highlights from the 4th Annual Princeton SmartDrivingCar Summit (2020-2021)

K. Pyle, April 18, 2021, "It's time to hit the start button," is succinct way of summarizing the next steps in the Smart Driving Car journey. Fiskin, along with the LA Times' co-produced the final session of the. This 16th and final session in this multi-month online conference not only provided a, but also provided food for thought on a way forward to bring mobility to "the Trentons of the World."

Setting the stage for this final session, Michael Sena provided highlights of the Smart Driving Car journey that started in late December 2020. Safety, high-quality, and affordable mobility, particularly for those who do not have many options, was a common theme to the 2021 Smart Driving Car Summit. As Princeton Professor Kornhauser, the conference organizer put it....."

Hmmmm.... We had another excellent Session. Thank you for the summary, Ken! Alain

's Session Summaries of 4th Princeton SmartDrivingCar Summit:

n: A Proposal for Providing Affordable, High-quality, On-demand Mobility for All in the "Trentons" of this World"

Orf467F20_FinalReport ""

Kornhauser & He, March 2021

5th Princeton SmartDrivingCar Summit

& Community Engagement

[https://www.cartsmobility.com/summit

@ Princeton University

& NJ

Recommended Readings & Background Material

in advance of attendance & participation in

5th Annual Princeton SmartDrivingCar Summit & Community Engagement

Highlights from the 4th Annual Princeton SmartDrivingCar Summit (2020-2021)

K. Pyle, April 18, 2021, "It's time to hit the start button," is succinct way of summarizing the next steps in the Smart Driving Car journey. Fiskin, along with the LA Times' co-produced the final session of the. This 16th and final session in this multi-month online conference not only provided a, but also provided food for thought on a way forward to bring mobility to "the Trentons of the World."

Setting the stage for this final session, Michael Sena provided highlights of the Smart Driving Car journey that started in late December 2020. Safety, high-quality, and affordable mobility, particularly for those who do not have many options, was a common theme to the 2021 Smart Driving Car Summit. As Princeton Professor Kornhauser, the conference organizer put it....."

Hmmmm.... We had another excellent Session. Thank you for the summary, Ken! Alain

's Session Summaries of 4th Princeton SmartDrivingCar Summit:

[https://www.dropbox.com/s/akvl1klaz3jlgjf/041521_Making%20it%20Happen%20Part%202.pptx

n: A Proposal for Providing Affordable, High-quality, On-demand Mobility for All in the "Trentons" of this World"

Orf467F20_FinalReport ""

Kornhauser & He, March 2021

SmartDrivingCars /

F. Fishkin, May 7, "The Princeton Smart Driving Cars Summit is less than a month away, focused on making mobility for all a reality through Trenton Moves. Plus Tesla says Autopilot is achieving big results in improving vehicle safety. Join Princeton's Alain Kornhauser & co-host Fred Fishkin for that and more in episode 267 of Smart Driving Cars."

SmartDrivingCars / w/Michael Sena, Editor of The Dispatcher

F. Fishkin, April 28, "Germany has given the green light for no hands on the wheel mobility. What does it mean? The Dispatcher publisher Michael Sena joins us for that...plus Waymo, Tesla, Ford, Argo and more."

SmartDrivingCars / w/, CEO,

F. Fishkin, April 23, "Designing the robotaxi rider experience. Uniphy CEO Jim Nicholas is forging partnerships to help transform consumer experiences with vehicles and more. He joins Alain Kornhauser and Fred Fishkin for that...plus the latest on Tesla, Trenton and more."

SmartDrivingCars /

F. Fishkin, April 15, "Smart Driving Cars episode 264: Massive Robotaxi Move by #Musk and #Tesla? Elon Musk is saying Tesla will make a massive move into robotaxis. And what about his attempt to buy Twitter? Princeton's Alain Kornhauser and co-host Fred Fishkin weigh in on that...plus Argo AI coming to Greenville, South Carolina and Cruise expands Walmart deliveries in Arizona. That and more on episode 264 of Smart Driving Cars. Tune in and subscribe.."

SmartDrivingCars / w/ F. Fishkin, April 7, "Mobility takes on a different meaning for Ukrainian refugees. Henry Posner II and his Railroad Development Corporation has been helping to transport many into Germany. He joins Alain Kornhauser and Fred Fishkin for episode 263 of Smart Driving Cars. That plus GM Cruise, Aurora, VW, Qualcomm & more."

SmartDrivingCars / w/Alex Roy

F. Fishkin, Feb. 25, "So what about these reports and opinion pieces casting doubt on the future of autonomous mobility? The Brookings Institution's Cliff Winston and Reason Foundation's Marc Scribner join Princeton's Alain Kornhauser & co-host Fred Fishkin to slice and dice. Plus GM Cruise, VW and more.."

SmartDrivingCars / w/ F. Fishkin, Feb. 18, "With Jaguar Land Rover signing on to partner with NVIDIA for advanced driver assistance and autonomous capabilities in all of their vehicles starting in 2025, what will the collaboration mean? NVIDIA's VP for Automotive Danny Shapiro joins Princeton's Alain Kornhauser & co-host Fred Fishkin for that plus the latest on Waymo, VW, Trenton and more."

SmartDrivingCars [https://www.youtube.com/watch?v=xFegxpeq0Gk / w/

F. Fishkin, Feb. 11, "The engaging debate over disengagements. In episode 255 of Smart Driving Cars, Forbes.com Sr. Transportation Contributor Brad Templeton engages with Princeton's Alain Kornhauser over the path to the future of autonomous mobility. The latest data on disengagements from companies testing self driving vehicles in California, Tesla, Cruise, Waymo and New Jersey begins funding Trenton MOVES...are part of the spirited discussion with co-host Fred Fishkin."

SmartDrivingCars, w/Alex Roy

F. Fishkin, Feb. 4, "Why Self Driving Isn't a Race, It's a Game. That's what Alex Roy, Director of Special Projects at Argo AI writes at joins Princeton's Alain Kornhauser and co-host Fred Fishkin for the latest Smart Driving Cars for a wide ranging discussion on that plus the latest on Trenton Moves, FreightWaves, Tesla, Waymo, Cruise, Toyota and more."

SmartDrivingCars, w/Michael Sena, Editor of The Dispatcher

F. Fishkin, Jan. 27, "The Federal Trade Commission looks to level the tech playing field...but "The Dispatcher" publisher Michael Sena has some words of warning. He joins Princeton's Alain Kornhauser and Fred Fishkin for that plus Tesla, Waymo and more on Episode 253 of Smart Driving Cars.."

SmartDrivingCars, /, Prof. of Law Emeritus & IIHS

F. Fishkin, Jan. 20, "The IIHS has announced it will rate vehicle partial automation systems. Spearheading is research scientist Alexandra Mueller who joins us. And Professor Emeritus Michael Krauss from the George Mason University School of Law on the manslaughter charges leveled in a Tesla autopilot case in California. Episode 252 of Smart Driving Cars with Princeton's Alain Kornhauser and co-host Fred Fishkin."

SmartDrivingCars / A. Kornhauser: Making it Happen: Trenton MOVES... a Framework for...

F. Fishkin, Jan. 15, "In this special edition of Smart Driving Cars, Princeton's Alain Kornhauser and his presentation: . The focus is on providing autonomous mobility in a place where there is real need. A first. Join the effort."

Recent Highlights of:

May 7, 2022

April 30, 2022

April 21, "CARTS Executive Director Jerry He explains to the audience at that:

Hmmmm... Yup! Alain

April 15, 2022

Hmmmm... Wow! It was brilliant for Elon to begin focusing his EVs on rich Californians who already have a stable full of cars to go all the way to grandma's house and back and were really looking for a neat toy.

March 31, 2022

Let's look at the back-of-the-envelope numbers...

Trenton:

Population: 90,000. PersonTrips/Day (non-walking): 300,000 IntraTrenton: 150,000 PersonTripLength (90%tile): 10 miles intraTrenton (100%tile) 5 miles

Operational Productivity: VehicleTrips/Day: 50 Average Vehicle Occupancy (AVO): 2 PersontTrips/VehicleDay: 100 PersonTrips/VehicleYear: 35,000

100 vehicle fleet productivity: 10,000 PersonTrips/day (1/15th market penetration)

50% market penetration Fleet requirements: 500 vehicles (AVO =2.5) for 60 PersonTrips/VehicleDay).

Cost: Depreciation/PersonTrip @$200k/vehicle, 4 year life = $200,000/(4*35,000) = $10/7 = $1.43/PersonTrip Electricity + maintenance + management + ... = $0.57/PersonTrip Cost = $2.00/PersonTrip

New Jersey:

Population: 9+ Million

PersonTrips/Day (non-walking): >30 Million

IntraNJ + NJT/Septa to/from NYC & PHL: 30 Million

PersonTripLength (90%tile): 10 miles Operational Productivity VehicleTrips/Day: 60 Average Vehicle Occupancy (AVO): 2.5 PersontTrips/VehicleDay: 150 PersonTrips/VehicleYear: 50,000

10% market penetration (3 Million PersonTrips/Day: Fleet requirements: 20,000 vehicles (AVO =2.5) for 60 PersonTrips/VehicleDay).

Cost: Depreciation/PersonTrip @$200k/vehicle, 4 year life = 200,000/(4*35,000)= $10/7 = $1.43 Electricity + maintenance + management ... = $0.57 Cost per PersonTrip = $2.00 Revenue: (10% market penetration: 3M personTrips/Day)

10% @ cost + 90% market pricing:

10% @ $2.00/PersonTrip (300,000$2.00 = $600,000/day; $200M/year 90% @ $3.70/personTrip (2.7M3.70 = $10M/day; 3.5B/year (value proposition could have the average market price even higher than $3.70/personTrip (+$1.70 over cost)

Profit: $1.70 *2.7M = $4.6M/day = $1.5B/year

Seems to me that Waymo should have responded to the NJ DoT RfEI and shouldn't be completely ignoring me. I guess I'm missing something. Maybe someone else will call me? 😎 Alain

[https://www.youtube.com/watch?v=GXnluyz2GSE

Feb. 11, "The New Jersey DOT is providing 5 million dollars to get Trenton MOVES moving. The goal..autonomous, affordable, safe mobility for all. This is a video of the event held on February 9th."

Hmmmm... Fantastic even with challenging audio. Turn on Closed Caption. The substance is in the quality of the words from the Mayor, Commissioner and Superintendent. All from the heart. Very worth absorbing. Alain.

New Date: Thursday evening, June 2, through Saturday June 4, 2022. Live in Princeton, NJ

Alain L. Kornhauser, PhD

Professor, Operations Research & Financial Engineering

Director of Undergraduate Studies, ORFE

Director, Transportation Program

Faculty Chair, Princeton Autonomous Vehicle Engineering

229 Sherrerd Hall

Princeton University

Princeton, NJ

609-980-1427 (c)