Duration: More or less: We can charge them depending Type of vehicle(SUV,

upon the duration they have put their car in the car park. Sedan, Hatchback)
- x for 1 hr, 2x for 3 hr, 3x for 5 hr, 4x for whole day

- y for SUV, 2y for

Hatchback and 4y for
Sedan

Assumption: People want to park it for less number of Assumption: Sedan >
hours due to nearby utilities
Hatchback > SUV

This plan is for the area where people come for the
entertainmnt purpose rather then for the office
purpose
Total amount will be some of amounts of all the
factors above.
Output

Fixed

What is the average hourly rates in the parkopedia?

Types & rates of SUVs,

Sedan and Hatchbacks.
EMI. Number of it in the
location

1 hour

2
2

Overnight is equal to 2hrs. Time of overnight is from

10pm to 7am

Lost ticket will be

charged with maximum
of the price

1.13 million cars registered in Dubai, 2012

1.9 million people in

Dubai
5.4% increase annually

Heavy Cars in 2013: 51641

Light Cars in 2013: 1084686

8.9% increase annually

Inventory left

Weekend or weekday Time of the day(Time zone)

- z when more then 80 inventory is

left, 2z when 40<inventory<80, 3z
when when 0<inventory<40

- b for Weekdays
and 1.5b for
Weekends

- Total amount will be 1/2 in the

first shift considering its a
entertainment space and 1/3 in
the third shift.

Assumption: Let 100 be the total

number of car inventories

Assumption: Place
has more
entertainment spots
then offices

Assumption: A Day has 3 shifts

i.e. first from 8am to 4pm,
second from 4pm to 12 midnight
and third from 12midnight to
8am

Fixed

Location dependent Location dependent

Cost of the place, Lease amount &

time then divide it by inventory

EMPTY
0.25

0.5

2.5

0.25

0.5

1.7

Nissan Altima, Toyota Camry and

Price is incremental Total number of inventory 2000
Honda Civic are the most popular car when car park is in
priced: 85000 averagely
area where offices
or residentials are
there.

Type of customer: Regular will have different rate and walkins will have
different
- 3 types of rate plans we can use: 1: Regular customer will either be
nothing for whole of the month 2: Regular customer will be paying
nothing for the first 8 of their visits of a month and then 60% of the
normal charges thereby 3: Regular customer will pay 60% of the
regular fees for every visit he comes.
Assumption: Regular means they have our membership card that is
having 5 times the Total revenue of the worst case as its monthly
fees.

Location dependent

5.25

100AED per month

4.45

If member is permanent then its office must be nearby which means

averagely he/she will come 24 times in a month. So 100AED is
chosen which accounts to 20 days.

Emirates Financial
Towers

5AED