Nobody downloaded yet

Surviving a Patrol Strike - Case Study Example

Comments (0) Cite this document
Summary
The graph below represents the progression of parking revenues and fines in the City Centre Car-Park over the last 23 weeks, or almost six months. The pink line represents each week's revenue, and the yellow line indicates the amount of parking fines that are issued each week.
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.9% of users find it useful
Surviving a Patrol Strike
Read TextPreview

Extract of sample
"Surviving a Patrol Strike"

Download file to see previous pages However, linear regression requires that one of the two variables be fixed, which is possible in the current scenario. The yellow line (for fines) is fairly easy to deal with. If we eliminate the artificial blip of Christmas week and strike the clear outlier (Week 8) from the data, a trend appears. Smoothing would eliminate the faster spike right before Christmas, as well as the blip for the week when there were no fines, because of no enforcement.
Over time, the car-park's traffic appears to be continuing to rise, even figuring in the seasonal effects of the Christmas shopping rush. This increase is leading to significantly higher revenues for parking fees in the weeks leading up to Christmas. However, both the higher changes in the weeks before Christmas and the lower results after Christmas do not suggest a business in trouble: instead they suggest a business that is in a highly competitive industry, City Centre Car-Park's market share appears to be growing, even if we smooth out the increases associated with the larger number of Christmastime shoppers.
As will happen occasionally in the labor market, the staff who are responsible for operating the car park have threatened to walk off the job after week 23. Because this staff is responsible for making sure the self-pay machines are locked and for patrolling the lot and issuing fines, this could have a significant effect on the car-park's revenues. While it is likely that people would still pay the machines, the question of enforcement and collection would be a sticky one.
It is possible to use time-series analysis to figure out the approximate effect of such a walkout on the revenues of the car-park. The fundamental assumption of time series analysis is that the data being considered contain a systematic pattern, interrupted by error, or random noise, which can make the pattern difficult to find. Successful time-series analysis takes the random noise out of the situation as much as possible.
The majority of time-series patterns consist of one of two basic types: trend and seasonality. Trend refers to a linear or nonlinear component that undergoes change over time and does not repeat within the time utilized by the model. Seasonality is a smaller version of trend, because it represents a cycle that repeats itself within the time utilized by the model. A set of data may contain both trend of seasonality. A common example would be retail sales, which may grow from year to year but may also be easily predicted to spike around the Christmas season within each year (Time Series Analysis 2002).
While there is no established or proven way to find trend components within a set of time-series data, trends are fairly simple to identify, as long as they consistently move in one direction or another. When a set of data is considered to contain a significant amount of error, though, the first step is to try a process called "smoothing."
This consists of averaging data within the set with the goal of canceling out the individual data that do not fit within the existing system. The most common way that smoothing occurs involves moving average smoothing. In this technique, each item of data in a series is replaced by the simple or weighted average of n surrounding pieces of data, where n is defined as the width of the "window" used for ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Surviving a Patrol Strike Case Study Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/business/1533707-surviving-a-patrol-strike
(Surviving a Patrol Strike Case Study Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/business/1533707-surviving-a-patrol-strike.
“Surviving a Patrol Strike Case Study Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/business/1533707-surviving-a-patrol-strike.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
US border patrol UAV programs in Texas
The successful implementation of plans related to issues of national importance, such as the protection of a country’s borders, is usually depended on a series of factors, such as the resources and the time available.
8 Pages(2000 words)Case Study
Foster's Beer Strike Brewing
This appears a clear indication on the part of workers towards stepping up of their fight to win a union collective agreement. While on the one hand the Unions appear all set for the industrial action, presenting a united face with the claims that up to 200 employees are supporting the action, the company on the other hand has started picking holes in the unions' claims.
5 Pages(1250 words)Case Study
Copper Price Rises in UK after Chile Strike
However, we cannot discredit the fact that workers are also considered as pillar of the company which is infact they are considered as the workhorse and the frontline in making money. In the case of Escondida, BHP Hilton, has the share above anyone else that is why BHP Biliton can be considered as the main stakeholder in the said mining activity.
9 Pages(2250 words)Case Study
MTA labor strike of 2005
Any responsible trade union does not believe that the management is its permanent enemy and the union should be at war with it always. The responsible management should not adopt the divide and rule policy. Mistrust is not conducive to the healthy growth of an Organization.
5 Pages(1250 words)Case Study
Bicycle patrol
It needs different training, equipment, duties and sanctioned budget to run such patrols. In America, two major organizations offer quality training and information on bicycle
7 Pages(1750 words)Essay
MBA SUBJECT corporate strategy exam case study .plz find the case study on KPN surviving the crisis in the telecommunication industry and answer the following question
Product development strategy is used when a company wants to build new competencies and products to the existing market while market development strategy is used when the company uses its
3 Pages(750 words)Case Study
Discuss San Antonio budget 2012 - the Redirect 17 Police Officers to Neighborhood Patrol
The budget also offers continued support for economic development initiatives. The San Antonio adoptive budget for 2012 recognizes police services as a significant city priority. This is evident from the General
3 Pages(750 words)Case Study
(Emergency Management) 2001 D.C.Sniper Case Study
One of the most shocking acts of serial killing is the 2001 D.C. Sniper Case. Up to ten victims succumbed to the sniper shootings, with several others being injured
7 Pages(1750 words)Case Study
Counter Terrorism and Security Management
Consequently, Homeland security programs are being offered at the institutions of higher learning and various public and private training institutions. Since the September 11 terrorist
5 Pages(1250 words)Case Study
Business law ( a righteous strike ) case study based in oman
Article 107 of the Omani labor laws outline the procedures to be followed in addressing the grievances raised by the workers (Striking
5 Pages(1250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Case Study on topic Surviving a Patrol Strike for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us