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Roya Daemi, Minahil Bajwa, Amy Nicosia
Problem
● Slim profit margins
● Increased competition
● Drivers discontent
Graphic from Uber website
Graphic from lyft website
Solution
● Fleet of 550 vehicles● 80-85% operational
● Receive weekly rental fee from drivers
Yellow Cab Company of D.C.
Graphic from Yellow Cab Company of D.C. website
Drivers Renting from Yellow Cab DC
What is MOJIO?
●Plug-in Device
●Mobile Application
Graphic from Mojio website
How it Works
● Plugs into diagnostic port
● Continually collects and transmits data
Graphic from Mojio website
Data Collection
Fuel Efficiency
GPS Accuracy
GPS Status
GPS Lost TimeGraphic from City Taxi website Graphic from tnooz website
Raw Data to Usable Information
Better Routes
Better Car Mechanics and Efficiency
More Efficient Drivers
More Efficient Cars
Cut Costs Increased Efficiency
Increase Profit
Benefits
Yellow Cab Company of D.C. Individual Drivers
Increased profit margins Savings on fuel expense
Better Drivers Better GPS system
Downside
●Inflexibility of taxicab drivers to adopt Mojio.●People, Processes, Systems
But
We’ve
ALWAYS
Done
It This
Way
Revenue, Costs, and Profit
2015 2016 2017
Revenue $118,000 $118,000 $118,000
Cost $75,000 $30,000 $30,000
Profit $44,000 $88,000 $88,000
$149 X 500$149 X 500
$5 X 52 X 454$5 X 52 X 454$5 X 52 X 454$5 X 52 X 454
$4.99 X 12 X 500$4.99 X 12 X 500
Cumulative Revenue and Costs
Driver Benefit: Fuel Efficiency Study
● 3 month campaign on driver awareness
● 1,000 individuals participated ● Suggestions on driver efficiency● Cut 15-35% of fuel bill
Graphic from 12 Tips for Fuel Economy Website
Cumulative Driver Benefits
Additional Benefit: GPS Map Application
● Collects data with every useo GPS Accuracyo GPS Statuso GPS Lost Time
● Updates maps with the collected data to ensure the most accurate mapping application
Graphic from Mojio website
● Benefits: Yellow Cab Company of D.C.o Additional revenue from weekly rental feeo Increased driver awareness
● Benefits: Individual Driverso More efficient driving, cutting fuel costs
Roya Daemi, Minahil Bajwa, Amy Nicosia
Roy Spooner
•Interview Date: October 28, 2014•Position: Regional Manager of Yellow Cab Company of D.C.•Slim margins •Rental rates •What is included with rentals•Percentage of operational taxicabs•Percentage of dispatch vs. nondispatch taxicabs
Trevor Young
•Local D.C. taxicab driver•Average work work is 50-60 hours•Picks up 15-20 passengers per shift•Gas cost of $35-55 a day
Break-Even Points
Percentage of Drivers Who Adapt Mojio
Break-Even Point
100%2015
Between months 7-8
75%2015
Between months 10-11
50%2016
Between months 6-7