Yellow cabs in NYC are perhaps one of the most recognizable icons in the city. Tens of thousands of commuters in NYC rely on taxis as a mode of transportation around the bustling metropolis. In recent years, the taxi industry in NYC has been put under increasing pressure from ride-hailing apps such as Uber.
In order to rise to the challenge from ride-hailing apps, yellow cabs in NYC are looking to modernize their operations, and to provide a user experience on par with Uber. In August 2018, the Taxi and Limousine Commission of NYC launched a new app that allows commuters to book a yellow cab from their phones. The app provides fare pricing upfront before they hail a cab. Creating an algorithm to provide fare pricing upfront is no simple feat. The algorithm needs to consider various environmental variables such as traffic conditions, time...
