Final Ppt.pptx

BENEVOLENT TRUCKERS LTD.

“An effort by team target to solve maximum issues on the basis of their understanding of the given framework” - Omkar Vishwas Patil - Aditya Kumar

1.5 TONNE LOAD CAPACITY

4.5 TONNE LOAD CAPACITY

WAIT TIME COMPENSATION TEDIOUS DATA ACQUISITION PROCESS

CONSTANT FREIGHT CHARGES FTL/LTL CONSIGNMENT CRACKING ISSUES

Major Mandi’s Major Factories Biggest Go Downs

CITY SPREAD

Products All Around The Year

Load Pattern

• • • • •

15%

50% 35%

Food Plastic products Garments Water Medicine etc.

Semi – Seasonal • • • •

Firecrackers Notebooks Light decoration Holi colours

Seasonal All Around The Year Seasonal

Semi - Seasonal

• Mangoes • Strawberries • Ganpati idols

Market Share

40 35

‘Manufacturing outputs of different places of Mumbai’

30 25 20 15 10 5 0 Palghar

Dharavi

Andheri Market…

Bhiwandi

Rest of the city

VOLUME ASSUMPTIONS

Normal Size Truck

Mini Truck

Sr No

Cost Item

Cost/day

Cost/Km

Sr No

Cost Item

Cost/day

Cost/Km

1

Loan Instalment

400

400/100=4

1

Loan Instalment

200

400/100=4

2

Vehicle Insurance Driver Insurance

25000/365=70

0.7

2

Vehicle Insurance 15000/365=41

0.41

330/365=8.3

0.0091

3

Driver Insurance

330/365=8.3

0.0091

5000/365=13.8

0.0138

4

0.083

1000

10

5

Servicing Cost Per Year Fuel

3000/365=8.3

5

Servicing Cost Per Year Fuel

700

7

6

Driver Salary

20000/30=665

6.65

6

Driver Salary

1500/30=500

5

7

10000/30=334

3.34

7

Conductor Salary 8000/30=267

2.67

8

Conductor Salary Food

160(For Both)

1.6

8

Food

160(For Both)

1.6

9

Toll

100

1

9

Toll

100

1

10

Parking

100

1

10

Parking

100

1

2831

28.31~29(Appro x)

Total

2077

20.77~21(Approx )

3 4

Total

Operational Cost for Truck/month = Rs. 85,000/-

Operational Cost for Tempo/month = Rs. 62,310/-

Source

Destination

Distance (KM)

Time (min)

Palghar

Masjid

100

150

Bhiwandi

Masjid

50

75

Palghar

Bhiwandi

60

90

Total Distance=210

Total Time=315

Assumption : The traffic is considered to be low at 1:00 AM night and the given Distribution of Distance versus time is an ideal case.

Inference : Time required to travel 1km in ideal case (Y)= 1.5 minutes = 3/2

TRAFFIC ASSUMPTIONS

CONTENTIONS OF SOLUTION 1. 2. 3. 4. 5. 6. 7.

Dynamic freight charge pricing mechanism Dynamic module for compensating the wait time Dynamic delay Incorporation Hassle free Data acquisition process Truck positioning Seasonality Identification Mechanism Driver Incentive Model

Before the pricing… The Base Fare (BF) for Tempo/Km in an ideal case: 60 The Base Fare (BF) for Truck/Km in an ideal case: 75

Multiplying Factor X: X= (Time Given by GPS)/ (Distance * Y) X (MF of Traffic) = (Given Time * 2)/ (Distance * 3)

FTL PRICE ALGORITHM Parameter

1. 2. 3. 4.

Traffic Routes: Good Source to Good Destination Good Source to Bad Destination Bad Source to Good Destination Bad Source to Bad Destination

Delivery Type: 1. Normal 2. Express

Multiplying Factor X 1. 2. 3. 4.

1.0 1.25 1.5 2.0

1. 1.0 2. LTL=1.5

Fare in FTL (FF)= (Base Fare) *(MF of Traffic(X)) *(MF for Route) *(Distance) *(MF Delivery Type)

LTL PRICE ALGORITHM Parameter

Multiplying Factor

Traffic

1. 2. 3. 4.

X

Routes: Good Source to Good Destination Good Source to Bad Destination Bad Source to Good Destination Bad Source to Bad Destination

Delivery Type: 1. Normal 2. Express

• • • •

1. 2. 3. 4.

1.0 1.25 1.5 2.0

1. 1.0 2. LTL=1.5

Assuming Average occupancy of 60% in LTL An additional MF of 2.0 for loads in LTL is required Loads in LTL have to priced based on their volumetric weights (MFL) MFL= (Volumetric Weight of Load)/ Capacity of Vehicle

Formula : Fare in LTL (FL)= (Base Fare * 2.0 * MFL) *(MF of Traffic(X)) *(MF Route) *(Distance) * (MF Delivery Type)

WAIT TIME ALGORITHM Base Penalty (BP) for Tempo = 30 Base Penalty (BP) for Trucks = 40 Wait time penalty to be calculated upon these factors: • • • •

Customer Rating Time Delay Type of Member No of Times delayed

WAIT TIME PENALTY CALCULATION Factors Customer Rating 1. >4.5 2. 4-4.5 3. 1-4 Type of Member 1. Platinum 2. Gold 3. Silver Time Delay 1. 0-30 min 2. 30-60 min 3. 1-2 hour 4. >2 hours

MF for Trucks/Tempo 1. BP * 1.0 2. BP * 1.25 3. BP * 1.5

No of Times delayed in Past: 1. 0-2 2. 3-4 3. >4

1. BP * 0 2. BP * 1 3. BP * 1.5

1. FTL : • Formula: Total Penalty in FTL (FP)= BP * (MF of CR) *(MF Member) * (MF Time Delay) * (MF Past Delays)

1. BP * 0.5 2. BP * 0.75 3. BP * 1.0 1. 2. 3. 4.

BP * 0 BP * 1.0 BP * 1.25 BP * 2.0

2. LTL : • In LTL, we will multiply the Base Penalty by a multiplying factor of: • BPL= (Volumetric weight of load)/ (Total Capacity of truck)

•

Formula:

Total Penalty in LTL (LP)= (BP * BPL) *(MF of CR) *(MF Member) * (MF Time Delay) * (MF Past Delays)

1. FTL :

TOTAL FARE

Final Estimated Fare for FTL= FT + FF Final Fare FTL=[FT * (X3/X)] + FF Final Fare for FTL ={ [(Base Fare) *(MF of Traffic) *(MF for Route) *(Distance) *(MF Delivery Type)]*(X3/X)} + [BP * (MF of CR) *(MF Member) * (MF Time Delay) * (MF Past Delays)]

2. LTL : Final Estimated Fare for LTL= FL +FP Final Fare LTL=[FL * (X3/X)] + FP Final Fare for LTL = {[(Base Fare * 2.0 * MFL) *(Multiplying Factor of Traffic) *(MF Route) *(Distance) * (MF Delivery Type)]*(X3/X)} + [(BP * BPL) * (MF of CR) *(MF Member) * (MF Time Delay) * (MF Past Delays)]

Uncertainty Analysis For Estimated MF Traffic(X)=2 Graph of Actual MF Traffic For Past 12 Days

X3=(Actual Time to Reach)/(Distance*Y) Uncertainty Analysis

3 2.5 2 1.5 1 0.5 0 Day 1

Day 2

Day 3

Day 4

Day 5 Day 6 Estimated(X)

Day 7 Day 8 Actual(X3)

Day 9

Day 10

Day 11

Day 12

Calculation of X1 and X2 For Estimated Fare Range To incorporate dynamic delays and variation of MF Traffic X, we will consider the 3 highest and 3 lowest values among the graph: Higher traffic MFs(X1) X1= (2.4+2.2+2.6)/3=2.4 Lower Traffic MFs(X2) X2= (1.8+1.8+1.8)/3=1.8

The displayed fare to the user is a range based on substituting x1 and x2 instead of x in the formula.

Membership Categories Type of Member

Benefits

Silver

3 Coupons for 20% Discount Lower Wait Time Charges as compared to Silver Members 1. No additional charge for Express Delivery 2. Lowest Wait Time Charges Among all Members

Gold

Platinum

To Upgrade Membership To Maintain Membership Take 4 rides in 1st Month Every Registered User Take an average of 3 rides a month for 3 months No Further Upgradation Possible

Takes an average of 2 rides a month Take an average of 5 rides a month

Additional Benefits • Registration: One time, Hassle Free verification Process. • Truck Positioning: Major sources and destinations of city is identified based on past records, number of factories, demand in the industry, products seasonality etc. • Seasonality Identification: Locations that become active at particular durations of the year are identified and their Multiplying Factors are updated accordingly.

UI FEATURES DRIVER

CUSTOMER

1.Rating the customer and shipper

1.Select the type of truck 2.Option to select express or normal delivery 3.View level of membership and how many trips he needs to do more for an upgrade 4.Incentives on upgradation 5.Geotagging on the truck till the truck reaches the customer and gives a notification. 6.Add multiple drop points on the location.

2. Check if the current delivery is profitable or not 3.Google maps feature for direction

4.Driver’s profile, he will be able to check the amount of incentive he made for himself.

Driver Incentive Model TEMPO

TRUCK

Minimum revenue Required: 1.2 Lakhs

Minimum revenue Required: 1.8 Lakhs

Customer Rating

Revenue Generated > 1.2 Lakhs

Revenue Generated > 1.8 Lakhs

Customer Rating

Revenue Generated > 1.2 Lakhs

Revenue Generated > 1.8 Lakhs

>4.5

7% Total Revenue

10% Total Revenue

>4.5

7% Total Revenue

10% Total Revenue

4-4.5

4% Total Revenue

6% Total Revenue

4-4.5

4% Total Revenue

6% Total Revenue

1-4

2% Total Revenue

4% Total Revenue

1-4

2% Total Revenue

4% Total Revenue

FTL

TEST CASE 1

WAIT TIME PENALTY CALCULATION

FTL FARE CALCULATION Type of Factor

Value of Factor

Consequent

Type of Factor

Value

Consequent

Type of Vehicle

Tempo

BP=Rs 30

Time Delay

1hr 30 mins

1.25

Past Delay

3

1

Type of Member

Platinum

0.5

Customer Rating

4.9

1

Time Required (As 150 Mins per GPS)

MF=X

Distance

50

Route Delivery Type

50 KM

Good Source Good MF=1 Destination Normal

MF=1

Multiplying Factor X: X (MF of Traffic) = (Given Time * 2)/ (Distance * 3) M.F = X = 150*2/50*3 X=2 Actual Time Taken: 175 Mins X3=175/50*1.5=2.33 Fare Range calculations : Days Observed M.F

1 1.9

2 1.7

3 1.7

4 1.8

X1 = (2.4 + 2.3 + 2.2)/3=2.3 X2 = (1.7 + 1.8 + 1.7)/3=1.73

5 2.3

6 2.1

7 1.9

8 2

9 2

10 2.2

11 2.4

12 2

Formula : Total Fare = FT + FF= (Base Fare) *(MF Traffic) *(MF Route) *(Distance) *(MF Delivery Type) + BP * (MF of CR) *(MF Member) * (MF Time Delay) * (MF Past Delays)

Substituting Values: Total Estimated Fare= 40*2*1*50 + 40*1.25*1*0.5*1=4,025

Total Estimated Fare= 4,025

Fare Displayed to User Based on Substituting X1 and X2=3485-4625 Final Fare=FT*(X3/X)+FF=4660+25=4685

LTL

TEST CASE 2

LTL FARE CALCULATION

LTL WAIT TIME CALCULATION

Type of Factor

Value of Factor

Consequent

Type of Vehicle

Tempo

BP=Rs 30

Time Required (As per GPS)

150

MF=X

Distance

50 KM

50

Route

Good Source Good Destination

MF=1

Delivery Type

Normal

MF=1

Volumetric Weight

100 KG

MFL= Volumetric Weight/Total Capacity= 0.067

Type of Factor

Value

Consequent

Time Delay

1hr 30 mins

1.25

Past Delay

3

1

Type of Member

Platinum

0.5

Customer Rating

4.9

1

Multiplying Factor X: X (MF of Traffic) = (Given Time * 2)/ (Distance * 3) X=150*2/50*3 X=2 Actual Time Taken: 175 Mins X3=175/50*1.5=2.33 Fare Range calculations : Days Observed M.F

1 1.9

2 1.7

3 1.7

4 1.8

X1 = (2.4 + 2.3 + 2.2)/3=2.3 X2 = (1.7 + 1.8 + 1.7)/3=1.73

5 2.3

6 2.1

7 1.9

8 2

9 2

10 2.2

11 2.4

12 2

Formula : Total Fare = FL + FP= (Base Fare * 2.0 * MFL) *(MF Traffic) *(MF Route) *(Distance) *(MF Delivery Type) + (BP * BPL) * (MF of CR) *(MF Member) * (MF Time Delay) * (MF Past Delays)

Substituting Values: Total Fare=402 + 1.675

Total Estimated Fare=403.675 Fare Displayed to User Based on Substituting X1 and X2=349.4 – 464

Final Fare=FL*(X3/X)+FP=468.33+1.675=470

CONCLUSION