Fare

the effectiveness of the implementation of the “flat-fare” option in the Comfort Delgro App in gaining demand from Grab and Uber and if it would raise CD’s revenue. We also need to find out the optimal time for flat-fare option to be made available to maximize profits. To find out the above objectives, primary and secondary data have to be collected through Quantitative Research to get statistical evidence on the effectiveness of the flat-fare option and how it helps boost CD’s revenue.…

cashless and checkless, so all trip fare transactions are handled with credit cards and driver pay transactions are direct deposits. When you signed up to drive with Uber, they asked you for your bank account information to set up direct deposits to your account. It is convenient and cashless transactions in general are safer for both the driver and rider. Though payment is automated, you will have your pay statements to review through the app or online. Ride fares Tapping your app at arrival,…

of $159. By constructing a pivot table that shows the relationship between fare and the number of tickets purchased within a certain price range (Figure 2a), one can also see the frequency at which prices most people bought their tickets. In Figure 2a, 109 passengers out of the total 164 bought tickets within the price range of $95 to $195. Here 66.5% of people fall within this price range, and this supports why the mean fare is $159. The statistical summary Figure 1 is a descriptive statistic…

departure and fare price. Price Discrimination The 3rd-degree price discrimination model describes suppliers selling the same product to different customers for different prices. The discrimination evolves because of the ability of different consumer groups to purchase the product or service at different price levels. The following figure illustrates two demand curves.…

I went to visit these two stores on a Wednesday when I got off work between 5pm to 7pm. The two grocery stores I chose was: Super Foods: low end Earth Fare: high end I stay in a small city in Alabama, where the population is major over crowed. Just like any other city, the city is split into different selection like; North, East, South, West. From the luxury neighborhoods to the suburbs, to the nice neighborhoods to the “OK” neighborhoods to the low end neighborhoods. Super Foods is located, I…

Estupiñán, & Muñoz-Raskin, 2009). In developing countries, tight budget constraints imply a hard limit on the subsidies budget. The need for economic sustainability in these countries means cities should try to set fares for cost-recovery instead of a subsidized fare. Yet, setting fares at cost-recovery might price out of the most vulnerable parts of the demand for public urban transport. Therefore, given the limited resources and competing parts, there is a need to…

Company Airlines: Transition into a New Low-fare Carrier Part A Recently, the low-cost market has become the fastest growing airline sector and one of the most popular ways of travelling and organizing our private and business needs. Fair Skies Airlines are going to become a low-cost company offering low tariffs in exchange for eliminating many services which used to be included into the fare. Before the amendments take place, the detailed evaluation of the closest competitors should be done.…

the durable, reloadable, electronic fare card that works everywhere on transit in Metro Vancouver. Our phased roll-out of Compass is in full swing. Once complete, the easy-to-use card will replace all our current passes and tickets. Compass is the durable, reloadable, electronic fare card that works everywhere on transit in Metro Vancouver. TransLink's Compass Card program has been delayed once again and there is no date set for the roll-out of the automated fare card program for Metro…

positioned itself as a low fare cost leader in air transportation service. On June 18, 1971, the airline delivered a short-haul, point-to-point, low-fare, high-frequency airline committed to exceptional customer service, (Kerin & Perterson, 2011). Their model is a combination of high quality customer service, strategic operations,…

What changes did American make? American instituted a “simpler” four-tier fare system which sought to lower its top fares by as much as 50%. The move was expected to reduce next quarter’s revenue by $100MM, but increase annual revenue by $350MM. To accomplish this goal, American instituted the following changes:  First-class ticket prices would be reduced by 20-50%  Unrestricted one-way and round-trip coach fares would be reduced by 38% on average  A non-refundable, twenty-one-day advance…