How to estimate the number of taxis in Köln ?

How to estimate the number of taxis in Köln? Given that the number of residents in Koln is 1M.

Thanks!

3 Answers

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Hi, I would estimate this way. I hope it helps.

- (N° of residents * % residents no driving license * % residents no car * % residents no public transport) * N° drive over year / AVG N° of passages each taxi

- N° of residents = 1M

- % residents no driving license = 1/2 (I am assuming 4 clusters of people (0-20years old; 21-40 years old; 41-60 years old and +61 years old) and I exclude 0-20 (too young) and +61 (too old))

- % residents no car = 50% (I am assuming that in a normal family, like mine, we have 1 car every two people

- % residents prefer taxi than public transport = 50% (I am assuming two segments: the one who takes taxi and the one who takes public transport)

- N° drive over year = 1 (1 drive each week) * 52 weeks = 52 (round to 50 for simplicity)

- THEREFORE, the upper part is = 1M * 0.5 * 0.5 * 0.5 * 50 = 6250K people (market demand)

- AVG N° of passages each taxi = AVG time each drive * AVG n° people each drive * Daily working hours * 310 (day in a year, 365 - 52 weeks (1 free day a week) = 312, but 310 for simplicity)

- Daily working hours = 8 h

- AVG time each drive = 20 min = 1/3 h

- AVG n° people each drive = 2

- THEREFORE, the lower part equals to = 8 * 3 * 2 * 360 = 48 * 310 = 14880 (I will round it to 15K)

- THEREFORE, to serve 6250K potential customers, given that a single taxi can serve 15K of them daily) = 6250K / 15K = roughly 415 taxis

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