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ParkingGuidanceSystemGroupMember: ChanChunKit (50115211)CheungChiMing (50165054)KwongYeeFai (50177772)LaiChungWing (50276497)SumKaiYiu (50369026)YiuChiKan (50524565)
CourseInstructor:Dr.JohnKLHoMEEM5001EnterpriseEngineeringStrategyParkingCityAnewlyestablishedengineeringcompanyinHKinprovidingeffectiveparkingguidancesystemforalltypesofparkingfacilities.ShareholdersofthecompanyaregraduatesofCityUniversityofHongKong.Noexperiencesinbusiness,butthesystemiscreative&abletomeetthecustomers’needs.
CompanyBackground
MissionStatementTobeapioneerforprovidingefficient,competitivetechnologyandengineeringservicestomulti-storeycarparksthroughapplicationofparkingguidancesystem.Torecommend&promotetheuseofinnovativeparkingguidancesysteminHongKong.Tooptimizetheuseofparkingspaces&reducethetimeinsearchingfreeparkingspacebyintroducingparkingguidancesystem.TogainprofitforthenewlyestablishedcompanyinHKona39%rateofreturninthefirstthreeyearofbusiness.
Goals
ObjectivesGuidethedrivertofindaparkingspacemoreefficient&convenient.OptimizetheuseofcarparkingspacesProvidealongtermcarparkingspacesolutionforusers&operators.PreventalongqueueofcarsfromformingattheentrancepointEnvironmentAnalysisFindingaspaceinacarparkcan bedifficultandstressfulReducethetimeofsearchingspace inordertoreduceparkingtimeLookforasolutionforreduceairandnoisepollutionfromvehicleinurbanareaNosimilarparkingmanagementsysteminHKSuitableformulti-storeycarparkincroweddistrict
e.g.Central,Mongkok,etc EnvironmentAnalysisManycarparkdevelopers:
- Improvethefacilities - Noideatoimplementthesystem - Lookforasolutionforreduce trafficproblemoutsidehighly-utilizedcarparks - Seekforimprovingtheusageefficiency - Seekforefficiencyandflexiblemanagementsystem - Increasetherateoffillingparkingspace - Improvecustomerserviceandcustomer satisfactionMarketSurveyConductmarketsurveybyquestionnaire
ApplyKanseiEngineering(KE)
- investigatethedriver’sfeelingtowardscarparks - toidentifythesystem’sdesignTotally41questions5pointsSemanticDifferential (SD)scaleforratingSamplesize:150driversThefourmainpartsinquestionnaire:
Part1: GeneralopinionstowardscarparksPart2: Opinionsaboutdifferentparking guidancesystems.
Theproposedcomponentsinvolved: - Auto-allocationofparkingspace - Parkingguidanceindicator
(Numericalindicator,Electronicdisplayboard) - Indicatinglightforparkingspace
Part3:OverallopinionstowardsthesystemPart4:PersonalinformationMarketSurveyGeneralopinionsfromsurvey’sresults:Mostofrespondentshaveexperienceofparkingvehicleinhighly-utilizedcarparks
- Theyfeltdifficultandannoyingwhen lookingforparkingspaces - Theydon’tsatisfiedwiththe currentparkingindicators - Someofthemconsideredthe timetakeninsearchingforparkingspaces
Generalopinionsfromsurvey’sresults:ParkingguidancesystemcanreducethetimelookingforparkingspacesParkingguidancesystemcan reducethetimetakenforvehicles enteringthecarparksThereisaneedtoinstallaparking guidancesysteminhighly-utilizedcarparksBasedonsurvey’sresults: - Mostofrespondentsdon’tlikethecomputer assigningthepackingspacetothem - Theylikenumericalindicators morethanelectronicdisplay boardatthemainentrance andeachstorey’sentrance - Theythoughtthattoomuchinformation willdistracttheirconcentrationindriving- Theyarewelcometoinstallindicatinglights forparkingspaces
ConceptualdesignsofparkingguidancesystemKeybenefitsforDrivers,CitizensandDevelopers
Forcarparkdevelopers:Enhancescustomerservice/customersatisfactionIncreasedrateoffilling parkingspacesImprovedtheprofitPreventedexcessqueues atcarparksKeybenefitsforDrivers,CitizensandDevelopers
Fordriversandcitizens:ImprovedtrafficflowImprovedroadsafetyMoreconvenienttodriversReducedparkingtimeReducedatmosphericand noisepollution
CompanyProfile-StrengthNocompetitorsCosteffectiveforlargescalemulti-storeycarparkEasytoinstallLowmaintenancecostCompanyProfile-WeaknessNoexperienceduetonosuchsysteminHKNoexperiencedstaffUncertaininactualdemandNowellknownbrandnameIdentifiedOpportunitiesNocompetitors,profitmarginislargeManycarsinHK,butnoenough parkingspaceMulti-storiescarparkisarisinginHKResurrectionofpropertymarket,largeshoppingmallwillincreaseGovernmentintroducespedestrianzone,thisreducespublicparkingspacesincroweddistrictFuturedevelopmentinmainlandChina,systemcanbeappliedinlargecityandresultingainingmoreprofit
IdentifiedThreatsFewpeoplewillusethecar parkifparkingfeeishighIndirectlyaffectedby pooreconomicenvironmentEasyreplacedbyotherhigh/newtechnologyPropertydevelopersarenotrare,theirdecisionswillaffectthecompanydevelopmentOrganizationWheel(3)(2)Customer(1)PeopleTeamworkOrganizationSystemDesignOperationsAssembly&TestCustomerServicesFrameworkofOrganization1.)CoreTargetCustomer:carparkmanagementcompanies,facilitiesmanagementcompaniesoflargeshoppingmallsetc.2.)CompanyDevelopmentOrganization:AllfoundersarepartnersTeamwork:Partners+
In-housestaffPeople:ServicesTeam(on-site,remoteandhotlinesupport)FrameworkofOrganization3.)BusinessDevelopment
SystemDesign:simplebutinnovative,newsystemforcarparkmanagementinHK,suitableformulti-storeycarparksCustomerServices:meetcustomers’expectationthroughquestionnairesAssembly&Test:localdesignOperations:in-housestaffQualityManagementISO9000certifiedEMSD’sapprovedsystemdesignAlltechniciansareregisteredelectricalworkersAllcomponents&partsareRoHS&WEEEcomplianceProductDevelop&EvaluateStrategicAlternativesTwoStrategicAlternativesforOperation:in-houseengineeringservicescompletelyout-sourcing
ProblemsonStrategicAlternatives:
controlofqualitycommunicationcompetitioncoordinationcostsAlternativesforOperationProCons*haveownfacilities/equipment*quickerreactiontoproblems*bettercontrol*goodcommunication*haveownfacilities/equipment*higherbusinesssecurity*highsetupcost*hightrainingcost*costonownfacilities/equipment
*noexternaltechnicalsupport*complicatedmanagementStrategyofIn-houseServicesAlternativesforOperationProCons*lowsetupcost*lowtrainingcost*lessownfacilities/equipment
*externaltechnicalsupport*trainedpersonnelavailable*flexible
*lossofdirectcontrol*quickerreactiontoproblems*readilyfixedcosts*hiddencosts*riskStrategyofOutSourceServicesEvaluationofVariousStrategies
ManagementStrategiesAlternativesofOperationIn-houseStaff
Out-sourcingcontrolofquality
communication
competition
coordination
costs
TechnologyBackgroundParkingGuidanceSystemAdisplayingsystemthatprovidesthelatestparkinginformationanddirectsthedriverstofreeparkingspacealongtheshortestpossiblerouteTechnologyBackgroundVehicleDetectionTechnologyUltrasonicObjectDetectorTechnologyInductiveLoopDetectorTechnologyInductiveLoopDetectorAcoilofwireisburiedundertheparkinglotandconnectedtoaroadsidecontrolboxUltrasonicDetectorUltrasonicDetector-Installintheceilingoneachparkinglot-Ultrasonicfrequencies(25.8kHzor24.7kHz)-Todetectthepresenceofcarinthecorrespondingparkinglot-LEDisintegratedindetectortoindicatedtwopossiblestates Free(Available)orOccupied-Lowconstruction/installationcostcomparedwithinductorloopdetectorUltrasonicvs.InductiveLoop
Criteriaforcomparisoninclude:
Dataaccuracy,Environmentaleffect,Reliability,Systemexpendability,CostandEaseofinstallationandmaintenance.**UltrasonicInductiveloopDataaccuracyGood(98%orabove)Good(98%orabove)EnvironmentalEffectLowLowReliabilityGoodGoodSystemexpendabilityGoodMediumEaseofinstallation/maintenanceEasyDifficultConstructioncostMediumHighVehicleDetectionTechnology
UltrasonicDetectorisselected inourparkingguidancesystem
Reference:** NaoyukiUshioandToshiyukiShimizu,“Loopvsultrasonic inChicago:Ultrasonicvehicledetectorfieldtestisolating diffusedreflectionandenduringharshenvironment”,1997SystemArchitectureofParkingGuidanceSystemSystemArchitectureofParkingGuidanceSystemSystemArchitectureofParking
GuidanceSystemDigitalDisplayandSignage
FinancialAnalysisSourceofFundingFriendsBankLoansGovernmentFundingSchemeEasytoborrowDependsondegreeoffriendshipHighinterestrateforsmallbusinessMoreflexibleStrictapplicationrequirementTailor-madeloanscheme
FinancialAnalysisInitialInvestmentHK$AnnualExpensesHK$OfficeHardware80,000DirectCostComputerSoftwarewithlicense80,000Laborsalary648,000R&Dcost60,000OtherDirectCost30,000MarketingPromotion50,000IndirectCostWorkingCapital50,000SystemMaintenance10,000QualityControl&Testing10,000MarketingPromotion10,000Taxesandinsurance60,000OtherIndirectCost30,000Total330,000Total788,000
FinancialAnalysisNetincomefromeachprojectHK$1.Ultrasonicdetector126,2502.Microprocessor-basedcontroller7,5003.Equipmentrack/housingforthecontroller1,5004.Centralworkstationsevercomputer12,0005.Parkingguidancesystemsoftwarewith1yearlicense28,0006.Hubs/Routers1,0007.Buildingserviceprovisions85,0008.Relatedshieldedcables54,4009.Uninterruptiblepowersupply27,00010.LEDdisplayboard13,00011.Consultancyandinstallation&testing65,000Totalcostfor1project420,650Markuppriceforeachproject:40%onthetotalprojectcost SellingPrice=HK$420,650X1.4 =HK$588,910TotalIncomefrom*projectseachyear:TotalIncome=HK$588,910X5=HK$2,944,550*Assume5projectseachyear
FinancialAnalysisIncomeCalculation:ConsultancyIncome:80%oftheprojectcostcategory11
ConsultancyIncome=HK$65,000X80%=HK$52,000
MarkupProfit=HK$168,260TotalProfitforeachyear=HK$(52,000+168,260)X5=HK$1,101,300
NetProfit=TotalProfit–TotalExpenses=HK$1,101,300–HK$788,000=HK$313,300
FinancialAnaly
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