Ride Demand Metrics

Requirements Clarification & Assessment

1. Understanding Ride Demand:

   • The key objective is to evaluate ride demand in a ride-sharing marketplace.
   • Focus on identifying scenarios of high demand coupled with low supply.
   • Establish a threshold to signify excessive demand.

2. Metrics to Consider:

   • Ride Requests: Total number of ride requests initiated by users.
   • Completed Rides: Number of rides successfully completed.
   • Average Wait Time: Time taken from request to driver arrival.
   • Surge Pricing: Instances where pricing increases due to high demand.

3. Indicators for High Demand and Low Supply:

   • Ride requests exceeding available drivers.
   • Increased wait times.
   • High surge pricing multipliers.

4. Threshold for Excessive Demand:

   • Driver utilization rate.
   • Surge pricing multiplier exceeding a set level.
   • Customer feedback on long wait times or unavailability.

5. Data Considerations:

   • Historical data for establishing benchmarks.
   • Real-time data for immediate analysis.
   • Geographic and temporal considerations to account for variations.