Ride sharing sometimes over price the cost of the ride, for example if you try to get the price for an Uber or Lyft from (4210 E Highland Ave, Highland, CA 92346) to (2641 Palo Alto Way, Running Springs, CA 92382) you will find it is over $30.00 for the economy cars. To get the price for a fair ride:
To get the price for a fair ride:
1. Measure the distance. In the example approximately 15 miles before and after the detour and 32 miles with the detour.
2. Calculate the time that is needed for the trip in hours.
3. Calculate the price of the fuel (Gasoline, or Diesel ).
4. Calculate the maintenance for the car from the local authorized dealer every 3 to 6 months.
5. Calculate the driver wages at the city.
6. Calculate the operational cost of the company.
7. Get the fuel consummation of the car from the manufacturer. For example 18 miles per gallon.
A) Calculate the required gallons for the trip. For example, the above address needs a gallon.
B) Calculate the price of the fuel for the trip, for example, today the price of gallon at 76 27627 Base Line St, Highland, CA 92346 is approximately $3.90 per gallon. The trip above requires $3.90 for the fuel.
C) The time need for the trip above is less than an hour and the wage for a driver in an hour is $17.00 according to https://www.indeed.com/salaries/Delivery-Driver-Salaries,-Los-Angeles-CA
D) The routine car maintenance for Toyota cars is less than $300 and it is required every 3,000 to 5,000 miles; $300/3,000 miles = $0.10 per mile for the trip above the maintenance cost is $1.50
The total for the car is A + C and the driver salary is C
i) The trip above requires 30 minutes. Thus, $17.00/2 = $7.50
The driver and his or her car cost is A+B+ i = $3.90 + $1.50 + $7.50 = $12.90
Now we ends with the adding the company operational cost and the profit. Add the driver’s profit for the amount calculated above. For example, %30 of $12.90 is 3.78 + $12.90 = $16.77
The operational cost according to AWS cloud could be approximately $15,000.00 for a nice cluster that handles billions of requests per second. The cost of the IT team might over 2,000,000.00 (Accountant and Attohenries can be contractors). The development can be from a contractor or reputable freelancers(using a building team company).
Estimating the operational cost to be 3,000,000.00 a year and there are 3,000,000.00 rides a year. It is $1.00 per ride + profit.
The demand is the number of available cars divided by the number of riders cars/customers. This fee can be a multiple of the profit both for the company and the drivers.
Estimate the number or rides per year and distribute the cost of the operational relatively according to the number of miles.