Shaiwal Sachdev edited textit_textbf_Low_Estimate_High__.tex  almost 8 years ago

Commit id: 148657117077477f58852602a04d970e2834d6d6

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\textit\textbf{Low Estimate , High Estimate ,Fare Calculation and Use of Surcharge!}  By making the above tables and doing the analysis we found out that,  \\\textbf{LOW ESTIMATE}  \\ Minimum Fare or Low estimate are equal in almost 100 percent cases.  \\ Low Estimate = (Base Minimum fare) * Surcharge  \\ Like in first case For Uber x, Timezone 6,Low Estimate = 8 * 1.6 = 13  \\\textbf{HIGH ESTIMATE}  \\ This depends on two factors Duration and Distance  \\ At the time query is made, uber makes the query in the google traffic api and find the two times 

\\ Total factor = (Time factor + Distance Factor)*surcharge  \\ Like in second example in Timezone 16, Total factor = (11-6)*0.35*2.2 = 3.85   \\ Hence , High estimate = Low Estimate + total factor = 17 +3.85 = 21  \\\textbf{FINAL FARE CALCULATION}  \\ Total Fare = (Base Fare + Duration*(price/min) +Distance*(price/mile) )*surcharge  \\ Updated Min fare = Base Min fare * Surcharge 

\\ Even if fare is less than minimum , this is charged to the user.  \\ So even if , we use uber for very small rides , uber will charge us the whole amount.  \\ This formula was also verfied over all the data collected for four timezones and it was true in 99.99 percent cases  \\\textbf{SURCHARGE}  \\ This tells us that by using the dynamic surcharge which changes depending on location and time, uber is able to earn most of its revenue.  \\ It increases the Minimum Fare and thus earns the most even in very short trips.  \\ Graph was plotted where only the small trips where the Total Fare was less than Minimum Fare and Uber Earned More  \\ This was plotted for all Timezones 6,10,16,20  The plot is given below: