Question
You are a data scientist with a start-up companycalledRobocop. This is a logistic company which wants toredefinethe deliverysystem by using flying robots (assume its 10x
You are a data scientist with a start-up companycalledRobocop. This is a logistic company which wants toredefinethe deliverysystem by using flying robots (assume its 10x faster than drones). The question for you is how many robots do you make? Assume it takes $10 million to make each robot? The company plans to 'rent'theserobots to different companies like Amazon,Shopify, Jet.com, etc. who are in the business of delivering goods.This is a brand new product. Would you use a qualitative or quantitative approach to recommend the initial investment? Why? Clearly list all your assumptions. If qualitative method, what kind of tools/techniques would you use? If quantitative what kind of models would you plan to build? If you decide to build these robots, how will you determine how much to charge for 'renting' these robots?
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