Premium Essay

Car Pooling Service

In: Business and Management

Submitted By rayapatii
Words 1255
Pages 6
EXECUTIVE SUMMARY:

INTRODUCTION:
In a country like India where road traffic has become one of the biggest challenges for a majority of people, carpooling offers a lucrative option to drastically cut the fuel costs for individuals, reduce commute times by lowering traffic on the roads and help reduce pollution levels.
As cities expand in breadth, the time taken to travel and the distances to travel – both have been on an upswing. While the bigger problems of setting up efficient infrastructure and proper public transport continue to linger on, entrepreneurs have pounced at this opportunity to make a difference. The jury is still out there about the success or failure of the idea.
Transportation is a major issue these days. One of the most used means of communication in roadways. One of the major forms of road transport consists of the private passenger car. These cars are generally used with only a single rider. An overabundance of cars create various problems which includes increased traffic, increased pollution, parking congestion and many more. Car sharing aims at solving this problem by targeting the empty seats in the private cars. Employees of the same area or the students going to the same school can carpool. This can be done as the know each other and can communicate. But when going on an inter-city trip you are not aware if some other person also intends to make the same journey. Thus the applications helps you in seeing people and journey schedules and make an informed decision about do you wish to travel alone or save money and travel with a safe company. Furthermore, carpooling has documented social and environmental benefits that include: It helps in reducing traffic congestion as number of vehicles on the road can be reduced significantly. Miles of travel of a particular vehicle and emission of gases by the vehicles can also be reduced. As the…...

Similar Documents

Premium Essay

Protect Our Environment

...Question: Why are slowly destroying our planet? In an essay of 200-250 words, suggest way to protect our environment. (20 marks) I. Introduction A. Introductory statement : Environment is something that makes up our surroundings and affects our ability to live on the earth. Nowadays, when you hear people talk about “the environment”, they are often referring to the overall condition of our planet or how healthy it is. Unfortunately, our environment has been polluted day by day. B. Thesis statement : There are several ways to protect our environment which are recycling, reducing and reusing (3R), saving water, and car-pooling. II. Body A. First topic sentence : First, environment can be saved by recycling, reusing, and reducing things. 1. For recycling, we can try to sort out rubbish. a. For example, we can recycle the aluminium cans, glass bottles and newspapers. i. We can practice to use ‘3R’ dustbins which are chocolate for glasses, blue for papers and oranges for tins and plastics. b. We can transfer solid wages such as potatoes peelings, leftover food, and tea bag to a compost heap at the backyard. i. We can also use it as a natural fertilizer for the plants especially watermelon waste. 2. In addition, we can reduce the usage of plastic bags. a. This is because plastic bags are non-biodegradable and high in chemical substances. i. The chemical substances can harm our environment and also our health. b. When......

Words: 713 - Pages: 3

Free Essay

Uber Project

...Technologies Inc. is a network orchestrator, connecting passengers with drivers. Uber manages a network of drivers and passengers through a phone app. It also provides options and varieties in the transportation service. Business Model: Step 1 (Request a cab): The first step in the business model of Uber is about creating a demand. People have a smartphone app, which lets them request a cab instantly or schedule it for some time later. Step 2 (Matching): As soon as the request is made, a notification about your details is sent to the nearest driver. Cab driver has the option to accept or reject the ride. In case he rejects, notification is sent to another driver in that area. Step 3 (Ride): Customer can track the cab when it is arriving and the ETA is also shown to the customer. The meter starts as soon as the customer sits in the cab, which can be tracked through the customer side app as well. Friendly drivers make sure that the ride is comfortable for the passenger. Step 4 (Payment & Rating): Once the ride is over, customer gets an option to rate the driver. Rating system is an important part of Uber’s business model as it lets a person know about the driver before booking a ride and helps him trust the driver. Revenue Streams: * Car rides on per km/mile basis * Surge pricing technology: Whenever the demand increases, per mile prices are automatically increased. The new price depends on the number of available drivers and the number of......

Words: 1071 - Pages: 5

Premium Essay

Asignment

...managing the supply chain: Concepts, strategies, and cases (3rd edition). United-States: McGraw-Hill. Excel sheet: Student Name: Shaheen Sardar Department: Industrial and Management Engineering, Hanyang University, South Korea. Home Work 1 Chapter 1: Introduction to Supply Chain Management Problem 1: Consider the supply chain for a domestic automobile. a. What are the components of the supply chain for the automobile? b. What are the different firms involved in the supply chain? c. What are the objectives of these firms? d. Provide examples of conflicting objectives in this supply chain. e. What are the risks that rare or unexpected events pose to this supply chain? Answer: a. The supply chain for a car typically includes the following components:: 1. Suppliers for raw materials 2. Suppliers for parts and subsystems 3. Automobile manufacturer (Ford, in the example). Within a company, there are also different departments, which constitute the internal supply chain: i. Purchasing and material handling ii. Manufacturing iii. Marketing, etc. 4. Transportation providers 5. Automobile dealers b. Many firms are involved in the supply chain. 6. Raw material suppliers. For instance, suppliers for steel, rubber, plastics, etc. 7. Parts suppliers. For instance, suppliers for engines, steering wheels, seats, and electronic......

Words: 22678 - Pages: 91

Premium Essay

Tax Opportunity

...research and development credits on the business’s tax returns. For individuals that develop a patent through a personal invention and not in the employment of a business, the taxable exclusion would be applicable to the income generated from the sale of the patent to a business for the purpose of putting it in use. This benefits employees / workers in “innovation” fields of work and further encourages patent development. Commuter Costs Currently, IRS rules provide for the income exclusion of “transportation benefits” related to parking, public transportation and the use of car-pooling. In order to ensure fairness across employee groups, it is recommended that any business should be allowed to offer a “commuter allowance” tax free to any employee. The allowance would provide a stipend to cover any type of employee transportation, whether public transportation, car-pooling or an employee’s individual car. To ensure consistency, the limits of the commuter allowance would be tied to the current public transportation / parking limits. This will benefit all employees at a time when commutes are getting longer and transportation costs (gas included) continues to increase. Gym Membership Currently, gym memberships are tax free to employees if the gym is used solely for employees and is on company premises. In order to continue to encourage healthier lifestyles, thereby reducing medical expenses, it is recommended that companies provide for the tax deductibility of any......

Words: 771 - Pages: 4

Free Essay

Accounting and Finanace

...Business Combinations, Mergers, Acquisitions, Pooling, Purchase Accounting Copyright 2001, Pongprot Chatraphorn Accounting for Business Combinations: A Test for Long-Term Market Memory Pongprot Chatraphorn ABSTRACT The purpose of this research is to examine whether accounting methods for business combinations (purchase and pooling-of-interests accounting) have a different effect on firms’ market value of equity in the combination year and thereafter. In particular, after the accounting method is no longer disclosed in the financial statements, does it have an impact on market value of equity of the combined firms because the accounting figures are different? A five-year period subsequent to a particular business combination is used because public companies are not required to disclose the details of the combination for more than three years after the effective date of the combination. This research, thus, tests whether market participants still take into consideration the accounting method of past business combinations when this information is no longer disclosed in the financial statements. In addition to the testing of the impact of the accounting methods, the value-relevance of goodwill amortization is investigated. The sample consisted of 100 U.S. business combination transactions during the period 1985–1995 (77 pooling firms and 23 purchase firms). The results do not indicate that market participants price pooling firms and purchase firms differently......

Words: 13897 - Pages: 56

Premium Essay

Mba Bus Eccon

...1a. Identify and explain the main economic factors that determine the price of a good or service. 1b. The supporting readings cover the rising price of cotton and the extent to which this raw material cost will be passed onto retailers by the UK fashion retailer NEXT. Using this example, or one from your own professional experience, examine within your answer the circumstances that will enable a company to pass on cost increases to customers and protect profit margins. ------------------------------------------------------------------------------------------------------------------------------------ 1a) Identify and explain the main economic factors that determine the price of a good or service. Let us first understand the market equilibrium price of the product and then identify and analyze how factors such as change in demand and supply, elasticity, separating and pooling equilibrium, market structure determine the price of a good or service. In free market, equilibrium price is the price at which there is no surplus or shortage and therefore quantity demanded equals quantity supplied (Sloman 2008). At equilibrium, any change in quantity demanded or quantity supplied will move the market towards disequilibrium. Graph 1 Table 1 Market Equilibrium is at the combination P0Q0 where consumers demand and firms supply are equal. (Lowes 2010a) Market forces will push the market from disequilibrium towards stable position of equilibrium (Lowes......

Words: 2667 - Pages: 11

Premium Essay

Supply Chain Mgmt

...Designing and Managing the Supply Chain David Simchi-Levi Philip Kaminsky Edith Simchi-Levi Solutions for Discussion Questions1 Kerem B¨lb¨l u u 1 We would like to thank Shiming Deng for his valuable contributions to the preparation of this manual. Chapter 1 Introduction to Supply Chain Management Discussion Questions Question 1 Pick any car model manufactured by a domestic auto maker. For example, consider the 2002 Ford Thunderbird. a. The supply chain for a car typically includes the following components: 1. Suppliers for raw materials 2. Suppliers for parts and subsystems 3. Automobile manufacturer (Ford, in this example). Within a company, there are also different departments, which constitute the internal supply chain: i. Purchasing and material handing ii. Manufacturing iii. Marketing, etc. 4. Transportation providers 5. Automobile dealers b. Many Þrms are involved in the supply chain. 1. Raw material suppliers. For instance, suppliers for steel, rubber, plastics, etc. 2. Parts suppliers. For instance, suppliers for engines, steering wheels, seats, and electronic components, etc. 3. Automobile manufacturer. For instance, Ford. 4. Transportation providers. For instance, shippers, trucking companies, railroads, etc. 5. Automobile dealers. For example, Hayward Ford. c. All companies involved in the supply chain want to maximize their respective proÞts by increasing revenue and decreasing cost. However, companies may employ......

Words: 12407 - Pages: 50

Premium Essay

Asdf

...customer service and creating a brand people can trust. In order to achieve economic of scales, many airlines creates alliance with each other therefore creating efficiency in joint purchase of aircraft, cost of maintenance and parts thus save hundreds of millions of dollars such as the Jetstar/AirAsia alliance. This creates further barriers whereby new entrants will not be able to compete in term of cost and price. (1) Power of suppliers to the industry - Medium to High The airline supply business is mainly dominated by Boeing and Airbus therefore they have high supplier power. For this reason, there is not a lot of competition among suppliers. Also, it is also unlikely that of a supplier integrating vertically. Airlines are also unable to materially affect fuel prices from suppliers as the oil market dictates the fuel costs. They also aim to use their combined scale to help influence the design of the next generation of narrow-body aircraft from both major manufacturers Boeing and Airbus, and secure more purchasing power via joint procurement orders. Strategic alliance aim is to reduce supplier power. (2) Power of buyers - Low (Future increasing due to more access to internet and increased choice due to competition on more routes) The power of buyer is high due to almost no switching costs for customers. Customers are also extremely price sensitive and can compare each airlines fare by the Internet so the information about the price and service is quite...

Words: 1490 - Pages: 6

Premium Essay

Designing and Managing the Supply Chain

...Designing and Managing the Supply Chain David Simchi-Levi Philip Kaminsky Edith Simchi-Levi Solutions for Discussion Questions1 Kerem B¨lb¨l u u 1 We would like to thank Shiming Deng for his valuable contributions to the preparation of this manual. Chapter 1 Introduction to Supply Chain Management Discussion Questions Question 1 Pick any car model manufactured by a domestic auto maker. For example, consider the 2002 Ford Thunderbird. a. The supply chain for a car typically includes the following components: 1. Suppliers for raw materials 2. Suppliers for parts and subsystems 3. Automobile manufacturer (Ford, in this example). Within a company, there are also different departments, which constitute the internal supply chain: i. Purchasing and material handing ii. Manufacturing iii. Marketing, etc. 4. Transportation providers 5. Automobile dealers b. Many Þrms are involved in the supply chain. 1. Raw material suppliers. For instance, suppliers for steel, rubber, plastics, etc. 2. Parts suppliers. For instance, suppliers for engines, steering wheels, seats, and electronic components, etc. 3. Automobile manufacturer. For instance, Ford. 4. Transportation providers. For instance, shippers, trucking companies, railroads, etc. 5. Automobile dealers. For example, Hayward Ford. c. All companies involved in the supply chain want to maximize their respective proÞts by increasing revenue and decreasing cost. However, companies may employ different 2 strategies in......

Words: 12407 - Pages: 50

Free Essay

Tableau Work Future of Car

...VISUAL ANALYTICS PROJECT (OPIM 5501) Project Report on FUTURE OF CARS Team 3 Project 2 Members: Ankit Agrawal Mownika Chalichama Phanindra Musunuri Long Phan  1. INTRODUCTION AND DATA Future of Cars visualization project shows the story to predict the future generation of cars. Ten years from now, in 2025, cars will be different, the drivers will be different, the market will be different, and the producers will certainly be different. The team believe that these changes will affect billions of people – from soccer moms to automotive executives, from taxi drivers to investment bankers. The data tells us that consumers are demanding greener, safer, more convenient and affordable cars. Most of these new consumers will come from emerging markets like China and India. Consequently, new trends will force car producers to modernize their supply chain, become more competitive and make lighter cars. Moreover, technology will play a huge part in changing the overall automotive landscape. Self-driving cars, car-cab services (Uber, Lyft, etc.), car pooling and the Internet of Cars all seemed like science-fiction will not remain not so long ago. Now many of them have become reality. There were a lot of data available online since countless research is being carried on cars. Major data source was data.gov for example, the website had an entire section on transportation data. Unsurprisingly, cleaning the data took a lot of time. Most of the data came from many......

Words: 973 - Pages: 4

Free Essay

Sonel

...community in the building process will allow others to see how living effects us in every way and influence others to make positive lifestyle changes. This complex will also be gear to help low-income families as well as giving a second chance on life in the most positive way. This area and city was chosen by the natural beauty of San Francisco, the major access to public transportation ranging from SF Municipal Railway to Muni Metro, and the mild climate weather; all are factors contributing to a great recipe for a ideal location of the green building. The building complex will have available options for our residents to take advantage of to continue living green long after the completion of the building such as designated areas for car-pooling, and bicycle racks. It will reduce the use of more fossil fuel transportation. Each level of the complex will have recycle areas for residents to separate their paper, plastic, and aluminum products. In every way the complex will leave long lasting impression for years to come. It will benefit the community as well as the residents. The name of the complex will be Garden of Eden, which will also include an outside garden area with benches and walkways. The outside garden area will replenish the wildlife and plant life. It will have a man made pond in the garden drawing in other species as well. Trees will also be planted in the garden area to provide natural shading for residents also helps reduce the heat palate keeping area cool.......

Words: 1212 - Pages: 5

Premium Essay

Aligning Supply Chain

...upply chain management has emerged as one of the major areas for companies to gain a competitive edge. Managing supply chains effectively is a complex and challenging task, due to the current business trends of expanding product variety, short product life cycle, increasing outsourcing, globalization of businesses, and continuous advances in information technology. The Internet has contributed to both the increasing needs and opportunities for improved supply chain management. With the Internet, companies in a supply chain can be connected in real time with information and knowledge shared continuously, new products and services can be designed to fit special market segments, and new supply chain structures can be developed to serve customers in a more direct manner. S When a company faces the pressure of excessive inventory, degraded customer service, escalating costs and declining profits, or a poor return on assets, its supply chain is out of control. On the other hand, when a company moves in to new markets or new technologies, it must have its supply chain prepared for the new business challenges and opportunities. Although there are many new supply chain concepts and fads designed to exploit the advantages of the Internet, successful companies understand that the right supply chain strategy is dependent on a number of factors: ▪ The strategy needs to be tailored to meet specific needs of the customers. ▪ A product with a stable demand and a reliable......

Words: 5706 - Pages: 23

Premium Essay

Eco365 Article Review

...expect the prices of consumer products to be so high. One would certainly think that there would be some relief at the gas pumps. Gasoline prices have soared to an all time and record breaking high this year. People have gone to alternative forms of transportations. Many people are hoping for some kind of break in the prices of gasoline. Memphis may be the only city getting some sort of relief at the pumps. Since gas price have almost double since the last year, many people have found new ways to offset the cost of the high prices. Considering new cars with better miles per gallon (MPG) has been an outlet for people. Riding motorcycles of scooters also save on gasoline use. Some people have even resorted to car pooling and ride bicycles. No one can truly say what is best for people, but there are some alternatives out there. Demand One was asked to describe what has occurred to change the demand for the product or service and its market and equilibrium prices. Assuming that the demand remains the same for the product much has changed. The product of gasoline has remained the same far as people having the need for it. People still drive their vehicles everywhere they go. This has not changed the demand for gasoline. The market for gasoline has also gone up. Wherever gasoline is sold cheapest people will flock to buy. The equilibrium of the prices for gasoline is not there. Gasoline prices vary from neighborhood to neighborhood. Some prices are lower and......

Words: 698 - Pages: 3

Premium Essay

Operations Management

...More How do we quantitatively evaluate a process? – Capacity – Time – Other? ARES: – Charging Ahead to Push Electric Cars – Latest Starbucks Buzzword: ‘Lean’ Japanese Techniques 1 Amazon in 1990’s: Delivering Books 2 Amazon’s Potential Solutions What do customers want? Inventory – Large selection – Fast delivery – Low Price Eliminate the uncertainty Print on demand/eBook Transfer/Share the uncertainty How do we deal with uncertainty ? Or why is it so difficult to deliver books to customers on time and at a low cost? Transfer the inventory to a distributor 3 Potential Solutions: Transfer the inventory to the distributor Example: In the early days of Amazon.com the company did not keep any inventory of books. 4 Potential Solutions: Transfer the inventory to the distributor Amazon’s Order – The supplier Ingram kept the books for Amazon. – Once Amazon received an order, it was transmitted to Ingram. – Ingram would ship the book directly to the consumer. Amazon’s Post Order Process 5 Ingram’s Order Ingram’s Book Inventory Ingram’s Post Order Process 6 1 Potential Solutions: Transfer the inventory to the distributor ARES Changing Ahead to Push Electric Cars What are the advantages for such an arrangement for Amazon and Ingram? – Risk pooling (less inventory is needed) What are the disadvantages of this arrangement for Amazon and Ingram? – Allocation......

Words: 1487 - Pages: 6

Premium Essay

Final Assigment Fp Lol

...is acting on behalf of another person | | | | 13) Which of the following health plans limits your choice of doctors to those under contract with the plan? | A. Indemnity plan | | B. HMO plan | | C. Consumer Choice plan | | D. Medicare Part D | | | | 14) Which of the following is not a step in the housing decision process? | A. Negotiate terms of the lease. | | B. Identify the costs of home ownership. | | C. Consider whether to rent or buy. | | D. Determine your housing needs. | | | | 15) What type of auto insurance provides coverage from a tree falling on your car as it sits in your driveway? | A. collision coverage. | | B. comprehensive physical damage coverage. | | C. property damage liability coverage. | | D. bodily injury liability. | | | | 16) What is the basis for the concept of risk pooling? | A. the law of large numbers. | | B. statistical variation. | | C. the laws of probability. | | D. the law of averages. | | | | 17) If a single parent of a minor child dies intestate – without having written a valid will – what will happen to the child? | A. The state will appoint a guardian for the child who may or may not be a relative. | | B. The child will be sent to live in a state-run orphanage | | C. The grandparents automatically become the legal guardians of the child. | | D. The child’s other parent automatically becomes the legal guardian of the child. | |......

Words: 1416 - Pages: 6