Get Active in Our Amazing Community of Over 451,000 Peers!

Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Case Partners to connect and practice with!

Can someone explain why this is the formula for the number of smart-meters?

Smart Meters
New answer on Mar 24, 2021
5 Answers
895 Views
Ukasha asked on Mar 21, 2021

Can someone explain why this is the formula for the number of smart-meters?

Calculation: # households/commercial property in Hamburg * Smart Meters per households/commercial property

Overview of answers

Upvotes
  • Upvotes
  • Date ascending
  • Date descending
Best answer
Clara
Expert
Content Creator
replied on Mar 22, 2021
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

Not sure that I understand what you don´t understand, could you rephrase?

My understanding is that:

  • Households property in Hamburg * Smart Meters per householdsproperty +

+

  • Commercial property in Hamburg * Smart Meters per commercial property

=

Total smart meters intalled

Hope it helps!

Cheers,

Clara

Was this answer helpful?
Anonymous replied on Mar 21, 2021

Well, it's simple math:

  • # households * smart meters per household equals # of smart meters installed in households, similarly
  • # commercial propoerties * smart meters per commercial property equals # of smart meters installed in commercial properties

The sum of these is the total number of smart meters.

Interestingly, the absolute result in the case is wrong though (2.7m). The case assumes 1m households as 60% of 1.7m inhabitants. I have lived in Hamburg and I can assure there are households with more than one inhabitant ;)

Was this answer helpful?
12
Ian
Expert
Content Creator
replied on Mar 21, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

Henning said it best.

If you're looking for more practice writing out formulas in case contexts I'd highly recommend RocketBlocks!

Was this answer helpful?
Raj
Expert
Content Creator
replied on Mar 22, 2021
FREE 15MIN CONSULTATION | #1 Strategy& / OW coach | >70 5* reviews |90% offers ⇨ prep-success.super.site | MENA, DE, UK

Because there will be one smart meter per house, just as there is one broadband connection per house

Was this answer helpful?
Gaurav
Expert
Content Creator
replied on Mar 24, 2021
#1 MBB Coach(Placed 750+ in MBBs & 1250+ in Tier2)| The Only 360 coach(Ex-McKinsey + Certified Coach + Active recruiter)

Henning explained it the best!

Was this answer helpful?
Clara gave the best answer

Clara

Content Creator
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
68
Meetings
24,438
Q&A Upvotes
149
Awards
5.0
57 Reviews