Many thanks!
haha, I will
Many thanks!
There are certainly many ways how to estimate this. The most intuitive that comes to my mind is calculating total capacity:
Googling wha the actual number is (although of course irrelevant, because it's about the approach, not the result): ~1300. So the estimation was pretty close ;)
Hi Youjie!
You can do either top-down or bottom-up here.
Top-Down
Population of London/Surrounding areas residents...subset of which would be flying in/out
PLUS population of daily visitors (business / tourist)
# passengers per plan
Viola...# planes required per day...cut that in half to get take-offs only
Bottom-up
When you've been to a large airport, how many takeoffs have you see on the board at one time?
How many per hour?
How many peak hours per day?
How many non-peak hours per day and what % of peak would this be?
Is Heathrow probably larger or smaller than this sample airport (multiple by that factor)
And again, voila!
Hey, why not post your structure & approach and coaches can comment.
Hello!
THERE IS A CASE SOLVED FOR YOU :)
Have a look at this free case I did for the PrepL library,:
You have the answer step by step
Hope you find it useful!
Erhalte alle Infos und Cases zur Bestimmung der Marktgröße in Consulting Interviews! Übungsfragen zur Marktgröße ✔ Frameworks ✔ Beispiele ✔ auf PrepLounge!
thanks! Henning