DATA ANALYTICS EXAMPLES

Challenges | Solutions | Results

Smart minimization of expected transportation cost

Challenges

Too expensive flight tickets due to covid vaccination transport

Must book beforehand the transported volume

If we book too little, then it’ll be too expensive to buy extra tickets quickly

If we book too much, then we pay for unused space (sunk cost)

Solution

  • Analysing historical data patterns, trends and seasonality
  • Minimizing the expected cost of a transportation volume (fix cost + expected extra cost)
  • Weekly and daily volume recommendation

Results

Transportation cost reduction.
More predictable future.
Web application for experimental purposes.