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Parking Guidance System. MEEM5001 Enterprise Engineering Strategy. Group Member: Chan Chun Kit(50115211) Cheung Chi Ming(50165054) Kwong Yee Fai(50177772) Lai Chung Wing(50276497) Sum Kai Yiu(50369026) Yiu Chi Kan(50524565) Course Instructor: Dr. John K L Ho. Parking.

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Parking guidance system

Parking Guidance System

MEEM5001 Enterprise Engineering Strategy

Group Member:

Chan Chun Kit(50115211)

Cheung Chi Ming(50165054)

Kwong Yee Fai(50177772)

Lai Chung Wing(50276497)

Sum Kai Yiu(50369026)

Yiu Chi Kan(50524565)

Course Instructor: Dr. John K L Ho

Parking

City


Company background

Company Background

  • A newly established engineering company in HK in providing effective parking guidance system for all types of parking facilities.

  • Shareholders of the company are graduates of City University of Hong Kong.

  • No experiences in business, but the system is creative & able to meet the customers’ needs.


Mission statement

Mission Statement

  • To be a pioneer for providing efficient, competitive technology and engineering services to multi-storey car parks through application of parking guidance system.


Goals

Goals

  • To recommend & promote the use of innovative parking guidance system in Hong Kong.

  • To optimize the use of parking spaces & reduce the time in searching free parking space by introducing parking guidance system.

  • To gain profit for the newly established company in HK on a 39% rate of return in the first three year of business.


Objectives

Objectives

  • Guide the driver to find a parking space more efficient & convenient.

  • Optimize the use of car parking spaces

  • Provide a long term car parking space solution for users & operators.

  • Prevent a long queue of cars from forming at the entrance point


Environment analysis

Environment Analysis

  • Finding a space in a car park can

    be difficult and stressful

  • Reduce the time of searching space

    in order to reduce parking time

  • Look for a solution for reduce air and noise pollution from vehicle in urban area

  • No similar parking management system in HK

  • Suitable for multi-storey car park in crowed district

    e.g. Central, Mongkok, etc


Environment analysis1

Environment Analysis

  • Many car park developers:

    -Improve the facilities

    -No idea to implement the system

    -Look for a solution for reduce

    traffic problem outside highly-utilized car parks

    -Seek for improving the usage efficiency

    -Seek for efficiency and flexible management system

    -Increase the rate of filling parking space

    -Improve customer service and customer satisfaction


Market survey

Market Survey

  • Conduct market survey by questionnaire

  • Apply Kansei Engineering (KE)

    -investigate the driver’s feeling towards car parks

    -to identify the system’s design

  • Totally 41 questions

  • 5 points Semantic Differential

    (SD) scale for rating

  • Sample size: 150 drivers


Market survey1

Market Survey

  • The four main parts in questionnaire:

    Part 1:General opinions towards car parks

    Part 2:Opinions about different parking guidance systems.

    The proposed components involved:

    -Auto-allocation of parking space

    -Parking guidance indicator

    (Numerical indicator, Electronic display board)

    -Indicating light for parking space

    Part 3: Overall opinions towards the system

    Part 4: Personal information


General opinions from survey s results

General opinions from survey’s results:

  • Most of respondents have experience of parking vehicle in highly-utilized car parks

    -They felt difficult and annoying when looking for parking spaces

    - They don’t satisfied with the

    current parking indicators

    - Some of them considered the

    time taken in searching for parking spaces


General opinions from survey s results1

General opinions from survey’s results:

  • Parking guidance system can reduce the time looking for parking spaces

  • Parking guidance system can

    reduce the time taken for vehicles

    entering the car parks

  • There is a need to install a parking

    guidance system in highly-utilized car parks


Parking guidance system

Conceptual designs of parking guidance system

  • Based on survey’s results:

    -Most of respondents don’t like the computer assigning the packing space to them

    -They like numerical indicators

    more than electronic display

    board at the main entrance

    and each storey’s entrance

    -They thought that too much information

    will distract their concentration in driving

    -They are welcome to install indicating lights for parking spaces


Key benefits for drivers citizens and developers

Key benefits for Drivers, Citizens and Developers

For car park developers:

  • Enhances customer service/customer satisfaction

  • Increased rate of filling

    parking spaces

  • Improved the profit

  • Prevented excess queues

    at car parks


Key benefits for drivers citizens and developers1

Key benefits for Drivers, Citizens and Developers

For drivers and citizens:

  • Improved traffic flow

  • Improved road safety

  • More convenient to drivers

  • Reduced parking time

  • Reduced atmospheric and

    noise pollution


Company profile strength

Company Profile - Strength

  • No competitors

  • Cost effective for large scale multi-storey car park

  • Easy to install

  • Low maintenance cost


Company profile weakness

Company Profile - Weakness

  • No experience due to no such system in HK

  • No experienced staff

  • Uncertain in actual demand

  • No well known brand name


Identified opportunities

Identified Opportunities

  • No competitors, profit margin is large

  • Many cars in HK, but no enough

    parking space

  • Multi-stories car park is arising in HK

  • Resurrection of property market, large shopping mall will increase

  • Government introduces pedestrian zone, this reduces public parking spaces in crowed district

  • Future development in mainland China, system can be applied in large city and result in gaining more profit


Identified threats

Identified Threats

  • Few people will use the car

    park if parking fee is high

  • Indirectly affected by

    poor economic environment

  • Easy replaced by other high/new technology

  • Property developers are not rare, their decisions will affect the company development


Parking guidance system

Organization Wheel

(3)

Customer Services

System Design

(2)

People

Teamwork

(1)

Customer

Organization

Assembly & Test

Operations


Parking guidance system

Framework of Organization

  • 1.) Core Target

    • Customer: carpark management companies, facilities management companies of large shopping malls etc.

  • 2.) Company Development

    • Organization: All founders are partners

    • Teamwork: Partners +In-house staff

    • People: Services Team (on-site, remote and hotline support)


Parking guidance system

Framework of Organization

  • 3.) Business Development

    • System Design : simple but innovative, new system for car park management in HK, suitable for multi-storey car parks

    • Customer Services : meet customers’ expectation through questionnaires

    • Assembly & Test : local design

    • Operations : in-house staff


Quality management

Quality Management

  • ISO 9000 certified

  • EMSD’s approved system design

  • All technicians are registered electrical workers

  • All components & parts are RoHS & WEEE compliance Product


Develop evaluate strategic alternatives

Develop & Evaluate Strategic Alternatives

  • Two Strategic Alternatives for Operation:

    • in-house engineering services

    • completely out-sourcing

  • Problems on Strategic Alternatives:

    • control of quality

    • communication

    • competition

    • coordination

    • costs


Alternatives for operation

Alternatives for Operation

Strategy of In-house Services


Alternatives for operation1

Alternatives for Operation

Strategy of Out Source Services


Evaluation of various strategies

Evaluation of Various Strategies


Technology background

Technology Background

Parking Guidance System

A displaying system that provides the latest parking information and directs the drivers to free parking space along the shortest possible route


Technology background1

Technology Background

Vehicle Detection Technology

Ultrasonic Object Detector Technology

Inductive Loop Detector Technology


Inductive loop detector

Inductive Loop Detector

  • A coil of wire is buried under the parking lot and connected to a roadside control box


Ultrasonic detector

Ultrasonic Detector


Ultrasonic detector1

Ultrasonic Detector

- Install in the ceiling on each parking lot

- Ultrasonic frequencies (25.8kHz or 24.7kHz)

- To detect the presence of car in the corresponding parking lot

- LED is integrated in detector

  • to indicated two possible states

    Free (Available) or Occupied

    - Low construction/installation cost compared with inductor loop detector


Ultrasonic vs inductive loop

Ultrasonic vs. Inductive Loop

Criteria for comparison include:

Data accuracy, Environmental effect, Reliability, System expendability, Cost and Ease of installation and maintenance.

**


Vehicle detection technology

Vehicle Detection Technology

  • Ultrasonic Detector is selected

    in our parking guidance system

    Reference:

    ** Naoyuki Ushio and Toshiyuki Shimizu, “Loop vs ultrasonic in Chicago: Ultrasonic vehicle detector field test isolating diffused reflection and enduring harsh environment”, 1997


System architecture of parking guidance system

System Architecture of Parking Guidance System


System architecture of parking guidance system1

System Architecture of Parking Guidance System


System architecture of parking guidance system2

System Architecture of Parking Guidance System


Digital display and signage

Digital Display and Signage


Financial analysis

Source of Funding

Financial Analysis

Friends

Easy to borrow

Depends on degree of friendship

More flexible

Bank Loans

High interest rate for small business

Government Funding Scheme

Tailor-made loan scheme

Strict application requirement


Parking guidance system

Financial Analysis


Parking guidance system

Financial Analysis


Parking guidance system

Financial Analysis

Income Calculation:

Markup price for each project: 40% on the total project cost

Selling Price = HK$ 420,650 X 1.4

= HK$ 588,910

Total Income from *projects each year:

Total Income = HK$ 588,910 X 5

= HK$ 2,944,550

* Assume 5 projects each year


Parking guidance system

Financial Analysis

Net Profit for each project:

Consultancy Income: 80% of the project cost category 11

Consultancy Income = HK$ 65,000 X 80%

= HK$ 52,000

Markup Profit = HK$ 168,260

Total Profit for each year = HK$ (52,000 + 168,260) X 5

= HK$ 1,101,300

Net Profit = Total Profit – Total Expenses

= HK$ 1,101,300 – HK$ 788,000

= HK$ 313,300


Parking guidance system

Financial Analysis

Payback Period:

Payback period:

3 + [50,880/(1,101300 - 788,000)] X 12 = 3 year and 2 months


Time schedule

Time Schedule

Month

1

Month

3

Month

6

Tasks

Month

2

Month

4

Month

5

Stage 1: Requirement Study (30 days)

(1.1) Operation and Process Review

(1.2) Technology Review

(1.3) Requirement Checklist Finalization

Stage 2: System design and development (100 days)

(2.1) Design of System

(2.2) Coding of System

(2.3) Testing version/ Demo Version Roll Up

Stage 3: System testing (60 days)

(3.1) Design of Testing Plan

(3.2) System Acceptance Testing and Pilot Run

(3.3) System Fine-tuning

(3.4) System Final Version Release

Stage 4: Training and marketing (60 days)

(4.1) Promotion Start

(4.2) System Training for Supporting Staff


Parking guidance system

  • Strategy plans are fully achieve the mission statements & objectives

  • The functions of the Parking Guidance System is based on the customers need

  • No market competitor as a result of high profit margin tends to shorten the payback period

Conclusions


Parking guidance system

Question & Answer


Parking guidance system

Thank You !


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