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: On-Campus Parking Policies - Case Study Example

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: On-Campus Parking Policies

I have just been hired by State University to examine the parking problem on its urban campus firm. My role is to assess the current situation of the parking problem of the urban campus and provide recommendations that will be a long term solution to the parking problem. The second problem in the study is that the University is not earning the right amount of revenue from the parking. As the president of the State University observes, the amount of revenue that the car parking business earns is not enough to satisfy the opportunity cost. Apart from meeting the current cost, it doesn’t leave any reserve for savings and for the infrastructure development. I have the task of identifying and implementing ways of maximizing the revenue earnings from the parking space. The third problem is that as the parking business goes on, the constant demand outweighs the supply of the much needed space. This means there will be a risk of shifting priorities to the external clients at the expense of the students and the faculty staff. The implication of this is that the internal clients will not be satisfied and will bear the burden of searching for parking spaces outside the campus. What questions did you have while working on this case? While undertaking these tasks, I was considering certain questions that were aimed at finding solutions to the parking problem. The first question that I had was: How many parking spaces exist in the campus in total? Which group of the parking space users in the campus

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uses the largest space? Can the campus see the opportunity in the current situation and convert the parking problem into a source of revenue? Are there alternative ways of travelling that commuters can use to minimize the need for parking space in the campus? The entire discussion of the parking problem in the case study revolves around these 4 questions. The questions suggest to me that there is need of taking advantage of the situation for income growth while at the same time, easing the congestion. What do you consider the most useful information provided with the case? In the study, I discover the impact of the heavy parking congestion and the financial implication. The statistics that the case study shows provide quantitative aspect of the problem and gives almost accurate measures of the spaces covered by parking. A good example is the parking fee of 100 US Dollars that the campus charges every year. Statistics further reveal that certain groups in the campus do not spend most of their times in the campus, hence the campus offers them 50 percent discount from the regular rates. The other data that proves to be very vital are the overall expenses of Parking and transportation at the State University, for example, parking capital of 946,000 US Dollars and additional parking operating expenses of 725,000 US Dollars and transportation costs of 350,000 US Dollars. What assumptions did you have while working on this case? The main assumptions I made in the program was that all environmental conditions influencing transportation remained constant, without any extra ordinary event that could cause a shift. In that case, I ascertained that the situation could be controlled through the application of systematic strategies. What Tool (S) Did You Use In Analyzing The Information? I mainly used spreadsheet system, specifically Microsoft Excel program to perform

Summary

Assignment: 1. Answer questions 2. Create a Mathematical Model 3. Use quantitative and qualitative support PUB 324 CASE STUDY MANDATORY FORMAT YOUR NAME: _ DATE: _ CASE STUDY CHAPTER #: _ What is the problem? This study involves the problem of parking considering the rising number of vehicles in the State University…
Author : hintzchaim
Case Study: On-Campus Parking Policies essay example
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