Smart Parking Guidance Using Optimal Cost Function

The industrialization of the world, increase in population and mismanagement of the available parking space has resulted in parking problems. There is a need for an intelligent and reliable system which can be used for searching the unoccupied parking facility, to reduce the cost of leasing people and for better use of resources for car-park owners. This paper introduces an algorithm to increase the efficiency of the current smart-parking system. The main objective of this algorithm is helping users automatically to find an unoccupied parking lot with least cost based on a new performance metrics to calculate the parking cost. Considering the distance between the User and Parking, Distance between Parking and services area, Percent of free spaces in each car park and Cost of parking for a time t. Matlab software was used to compute the cost function and to save an optimal parking space upon a request by the user. The experimental results show that the proposed cost function helps improve the probability of optimal parking with least cost.