Question
Citi Bike is the nation's largest bike sharing program operating in New York City and it works like Divvy in Chicago. Watch the following video,
Citi Bike is the nation's largest bike sharing program operating in New York City and it works like Divvy in Chicago. Watch the following video, if you would like to learn more about how Citi Bike system works:
Mismatch between demand and supply causes imbalanced stations which in turn results in revenue loss (some people may decide to use other services) and high logistic costs (to constantly move the bikes between stations). What citibike does is to rebalance the bikes in each station every night. So, basically there would be trucks that come to the full stations and move some of the bikes to the empty stations.
The question they face is how many bikes to stock in each station at the beginning of the day?
Citi bike hire you as a business analyst to help them answer this question. Apply the 4-step analytics process to solve this problem.
Objective:To find the number of bikes to stock in each station at the beginning of the day to maximize the number of daily bike trips
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