I don't get the part:
Night: 50%*20%*84,000,000=8,400,000 passengers per year - 3,835 passengers per hour; (8,400,000/365/6hours)
Is it assuming that 50% of the taxi demand is at night?
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Night 50% and Daytime 50%?
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Hi!
No, it is assuming we have 50% of passengers during the night and 50% during the day – but the day and the night have different duration, therefore you have different # of passengers per hour of day vs per hour of night:
Day: 8,400,000/365/18hours = 1,278 passengers per hour
Night: 8,400,000/365/6hours = 3,835 passengers per hour
That in turn means that you have different utilisation rate for day and night:
Day: 1,278 passengers per hour divided by 2.100 taxis per hour = ~61% utilization rate (hourly supply of taxis exceeds hourly demand of passengers)
Night: 3,835 passengers per hour divided by 2.100 taxis per hour = ~183% utilization rate (hourly demand of passengers exceeds hourly supply of taxis)
I hope this is helpful! Please don't forget to upvote and if you have further questions, just DM me.
Best,
Daniel
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Hello!
Long story short: Yes, it means 50% of the demand is at night (i.e., 50% of the total passenger use it during night time)
However, the key thing is to realize that the duration of the day and night shifts are different (18h vs. 6h), and hence, even if demand is 50-50, utilization rate is not.
Hope it helps!
Cheers,
Clara
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Yes, 50% of demand is during the 6 hours of the night time.
Best,
Antonello
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