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Shaiwal Sachdev added textit_textbf_Low_Estimate_High__.tex
almost 8 years ago
Commit id: d9e5476395ec45bb9313cfd349643dba097512f7
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\textit\textbf{Low Estimate , High Estimate ,Fare Calculation and 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
\\ Time factor = (Time(with traffic) - Time(without traffic)) * price/dur
\\ Distance factor = (Distance(More maybe due to traffic) - Distance(Normal)) * price/distance
\\ 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
\\if Total Fare < Updated Min Fare then Total Fare = Updated Min Fare
\\ 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
\\ One 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:
