The Internet belongs to everyone. Let’s keep it that way.

Protect Net Neutrality
Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


Rutgers Bike Share

No description

Siddarth Kannan

on 21 April 2015

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Rutgers Bike Share

Rutgers Bike Share
Mathematical Modeling
Quality can be ensured using Lean six sigma techniques and inventory managed by JIT

Technology is a at point where it is able to meet the needs of the bike share program.

Bike share programs have been demonstrated across many cities around the world and Rutgers is a potential market
What is Bike Share!?!

Why is it Bike "Share"!?!

How is it Bike Share?!

Where is Bike Share!?!

General Description of Bike Share
Value and benefits of Bike Share
Successful Programs
1. Velib
Implemented in 2007
~20000 Bikes, ~1800 of Stations
Funded through JCD (advertising) & membership

2. CitiBike
Implemented in 2013
6000 Bikes, 330 of Stations
Funded through CitiBank, MasterCard (advertising)
Key considerations

Bike station & design
Population Density
Road & Safety Conditions
Number of Bikes/Demand
Station Location - Visibility

Key Considerations
Bike Share locations
Costs involved
Map of proposed stations
Financial costs

Exponential Smoothing
EOQ for spare-parts

A green initiative by Siddarth Kannan
Assumption :
80 Bicycles
spread over 1
across Busch and Livingston

station costs
and $35,000.

Start up and installation costs
are roughly
$200/bike and $7500/station
yearly maintenance costs
amount to
$1,100 per station

Exponential smoothing for forecasting

EOQ for spare-parts purchasing
Exponential smoothing is a quantitative forecasting method, mostly used for time series forecasting.
Used for forecasting number of bikes to be used by students
Use EOQ for inventory control of spare parts
Revenue Model
User fee
Membership fee
Usage fee
Title Sponsors
Station Sponsor
Non-profit Sponsors
Q = Optimal Order Quantity
K = Setup Cost is $200
D = 16 Bikes (20%)
h = Ic = 15% * $1300
Substituting estimated values for our program, we got :

EOQ= 5.7289 ~ 6
Therefore, initial costs would be:
$1,300 * 80 + $35,000 * 19 + $200 * 80 +
$7500 * 19 =

And yearly maintenance costs:
$1,100 * 19 =

Therefore, the
estimated costs
in the first
year are
and almost
every year thereafter.
Full transcript