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Rutgers Bike Share
Transcript of Rutgers Bike Share
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
Implemented in 2007
~20000 Bikes, ~1800 of Stations
Funded through JCD (advertising) & membership
Implemented in 2013
6000 Bikes, 330 of Stations
Funded through CitiBank, MasterCard (advertising)
Bike station & design
Road & Safety Conditions
Number of Bikes/Demand
Station Location - Visibility
Bike Share locations
Map of proposed stations
EOQ for spare-parts
A green initiative by Siddarth Kannan
spread over 1
across Busch and Livingston
Start up and installation costs
$200/bike and $7500/station
yearly maintenance costs
$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
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 =
in the first
every year thereafter.