The guesstimate was portrayed very beautifully and person doing it had clarity with the question approach and the thought process. Please make some more videos on guesstimate.
How would we introduce the return fare (two way) in this solution? Say 1way is 100 and 2way is 170. No doubt it would make our life and the calculations harder, but would be an important point to consider right?
as he mentioned about the pass first, the passes are for both incoming and outgoing routes . The same figure was used to calculate the daily ticket charge which automatically is bound to include the charges of incoming and outgoing route on daily basis...Moreover his approach was based on approximation, I guess more or less he might be near the actual figure
In the LMV part, they have assumed that per day charges are Rs. 100 which makes monthly charges of Rs. 3000 but they also assumed Rs 4000 for the monthly pass. How can be charges for the monthly pass greater than the aggregate monthly expenditure?
@@anirbanchoudhury231 yeah we need to buy 2 tickets to go and come back, but that would cost 200 per day and since they have charged 100 only that's meant they have assumed it only one visit.
Peak hour will be mostly for the working professionals and so low traffic will be for the heavy vehicles like trucks Therefore instead of taking 32k into vehicle type we should do the calculations based on the traffic type based on the vehicle and the subscription plan
Great effort! Just a question - Shouldn't time taken by a vehicle to pass from toll should be same but the efficiency with which till will be working will be different ?
Even if we assume that 2Ws are allowed on the sealink shouldn't the split for them be higher? 2Ws on road in India and even Mumbai are always higher than 4Ws. So definitely more than 20%, I would have gone with 40%.
I am slightly confused how can A car pass in 15 seconds in heavy traffic hours and the same car passes in 60 sec in low traffic hours , Isn,t it opposite?
@@harshvardhansingh2715 ruclips.net/video/C5e02cUNj5g/видео.html The interviewer later in his feedback recommends the same. Assumption and Knowledge are 2 different things in Guesstimates , both should be notified/ put in front of the interviewer. Also, he already took revenue from other segments just didn't take it for passes. So the said knowledge doesn't apply here.
Guys keep uploading similar stuff on case studies......also if you could state some common pipelines and frameworks that are usually used in a particular type of case. Great content btw😎
one flaw .. how can the daily cost without pass be lower than a pass fair... 4000 rs pass for a months and 100rs per day for non pass translates to 4000rs Pass: 3000rs no pass.... illogical
There's something weird: You assumed that 1) a passing LMV has a 50% probability of having a monthly pass 2) monthly passes are sold everyday with equal probability Then don't you think there will be a HUGE difference b/w start of the month : where very few vehicles have monthly pass end of the month: where the no. fo passes have cumulated over the month ?
A monthly pass doesn't need to be for a specific month. A pass bought on 15 Jun will be valid till 15 July, not 30 June. Hence the problem you've stated would not be present.
Can someone please explain how did we arrive at 375 passes? I understood that he divided 11200/30days but 11200 LMV cross the toll daily? Please let me know if I am missing something
@@dilkashgazala831 The user named Fantasy star above, explained it really well. Let me try to elaborate this with the help of 2 scenarios See, 11200 LMV pass each day with a monthly pass. (A pass which is valid for 30 days) for which you have to pay upfront and then you don't have to pay anything for the next 30 days. Now imagine two scenarios - Scenario 1 - BW sealink only allows the sale of the pass on the first day of the month (lets say they sell it online). So they have earned the entire monthly pass revenue of the whole month (30 days) on a single day, which is the first day of the month (say 1st of April) and earn nothing from passes for the next 29 days. Scenario 2 - BW sealink allows the sale of the pass on any day of the month. So, all 11200 vehicles are free to purchase their passes any day of the month. And hence assuming that the number of passes sold everyday are the same, the no of passes sold per day will be 11200/30 It is this second scenario that has been presented in the video.
Thank you for the video, it was indeed helpful. Though, the assumption was taken in the beginning regarding the vehicles passing, so how is that a point missed as stated in the end?
Sir I'm an arts student preparing for consulting. Sir how to prepare for case interviews as I don't have fundamental knowledge of management like marketing, corporate finance, operations etc. Then how can I prepare, which books or study material should I prefer that starts from the basic in easy Language. Sir Please reply
I have been watching your videos which would be helpful. But can you suggest the career path to consultant in big 3 McKenzie , BCG , Accenture for a graduate with experience or no-experience. Like certification , or something like 6 moth e-certification . Which would put our C.v in consideration. I was just asking as is there way or just do an MBA from IIM top colleges.
Hi Prabhat, there are various opportunity provided by the Big 4 firms for graduate freshers in profiles like audit, taxation etc. You can work there for sometime, understand the working environment, get a command in your field and then after sometime you can definitely try for Big 3. Option 2 is Big4s also provide with education loans and even sponsor education if someone is willing to study further. The path is little longer, but I can assure that there's definitely a way and I hope Mr Prakhar Sinha will agree to this too! All the best and Cheers!!
1 hour -60 seconds 6 hours means-6×60sec×60min=21,600seconds Then if 1 car passes for 60 seconds how many cars pass through the toll for 21600 seconds?? 21600÷15=1,440.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
The guesstimate was portrayed very beautifully and person doing it had clarity with the question approach and the thought process. Please make some more videos on guesstimate.
This series is so helpful, please don't stop making such good content y'all :))
Outstanding effort, much required videos..... want more videos , thank you guys
How would we introduce the return fare (two way) in this solution? Say 1way is 100 and 2way is 170. No doubt it would make our life and the calculations harder, but would be an important point to consider right?
as he mentioned about the pass first, the passes are for both incoming and outgoing routes . The same figure was used to calculate the daily ticket charge which automatically is bound to include the charges of incoming and outgoing route on daily basis...Moreover his approach was based on approximation, I guess more or less he might be near the actual figure
Satya is amazing. Do have him on again!!!!
2 wheelers are not allowed at BW sea link 😬
Neither do 2 wheelers need to pay any toll..
@@lokeshpatil2460 this is just a guesstimation where PPL want to know ur approach
In the LMV part, they have assumed that per day charges are Rs. 100 which makes monthly charges of Rs. 3000 but they also assumed Rs 4000 for the monthly pass. How can be charges for the monthly pass greater than the aggregate monthly expenditure?
not entirely sure here, but in case the pass isn't 24/7, wouldn't you require 2 passes to go and come back by the same route?
@@anirbanchoudhury231 yeah we need to buy 2 tickets to go and come back, but that would cost 200 per day and since they have charged 100 only that's meant they have assumed it only one visit.
@@shubhamjain-li5tn point. By that logic they are missing a factor of 2 in the revenue
@@anirbanchoudhury231 han but for simplicity, we can ignore that part
In monthly pass or any pass, the no. Of trips is limited.. it's not that u can do two or more trips each day in a monthly pass.
There is no mention of fasttag in the video. It is important to mention i think.
Peak hour will be mostly for the working professionals and so low traffic will be for the heavy vehicles like trucks
Therefore instead of taking 32k into vehicle type we should do the calculations based on the traffic type based on the vehicle and the subscription plan
Great effort! Just a question - Shouldn't time taken by a vehicle to pass from toll should be same but the efficiency with which till will be working will be different ?
Good video...umm hmm got it!
Why we not consider Monthly pass for HMV and 2wheelers
Even if we assume that 2Ws are allowed on the sealink shouldn't the split for them be higher? 2Ws on road in India and even Mumbai are always higher than 4Ws. So definitely more than 20%, I would have gone with 40%.
Kya sir digram ki photo ya copy mil skti hai .......Kui small alphabet ke karn dikha nahi rah hai
Thought provoking. 🎉
I am slightly confused how can A car pass in 15 seconds in heavy traffic hours and the same car passes in 60 sec in low traffic hours , Isn,t it opposite?
it's not the same car, ... low traffic low no. of cars and vice versa
It means traffic volume is low. Less no of cars in less traffic scenario so taken the assumption of 1 min as time taken
Didn't Consider Passes for other vehicle segments.
They are not allowed on Bandra Worli sea link
@@harshvardhansingh2715 ruclips.net/video/C5e02cUNj5g/видео.html
The interviewer later in his feedback recommends the same.
Assumption and Knowledge are 2 different things in Guesstimates , both should be notified/ put in front of the interviewer.
Also, he already took revenue from other segments just didn't take it for passes. So the said knowledge doesn't apply here.
Guys keep uploading similar stuff on case studies......also if you could state some common pipelines and frameworks that are usually used in a particular type of case.
Great content btw😎
HOW YOU GOT THE NO OF VEHICLES PASSING THROUGH 1 TOLL GATE ?
Very helpful to understand as to how to approach a problem of guesstimate.
one flaw .. how can the daily cost without pass be lower than a pass fair... 4000 rs pass for a months and 100rs per day for non pass translates to 4000rs Pass: 3000rs no pass.... illogical
can be used 2 way so making that 6k as compared to 4k
There's something weird:
You assumed that
1) a passing LMV has a 50% probability of having a monthly pass
2) monthly passes are sold everyday with equal probability
Then don't you think there will be a HUGE difference b/w
start of the month : where very few vehicles have monthly pass
end of the month: where the no. fo passes have cumulated over the month ?
Monthly passes can be bought on any day of the month. So he is taking monthly pass revenue and diving by 30 to get an average number.
A monthly pass doesn't need to be for a specific month. A pass bought on 15 Jun will be valid till 15 July, not 30 June.
Hence the problem you've stated would not be present.
Can someone please explain how did we arrive at 375 passes? I understood that he divided 11200/30days but 11200 LMV cross the toll daily? Please let me know if I am missing something
11200 LMV cross the toll daily but not all purchase the monthly pass on the same day. Hence on average 375 monthly passes are purchased daily.
@@fantasystar3439 got it! Thanks a tonne!!
exactly this 11200 is the no of LMV pass each day then why is the need to divide by 30 am not getting, can somebody help me please.
@@dilkashgazala831 The user named Fantasy star above, explained it really well. Let me try to elaborate this with the help of 2 scenarios
See, 11200 LMV pass each day with a monthly pass. (A pass which is valid for 30 days) for which you have to pay upfront and then you don't have to pay anything for the next 30 days.
Now imagine two scenarios -
Scenario 1 - BW sealink only allows the sale of the pass on the first day of the month (lets say they sell it online). So they have earned the entire monthly pass revenue of the whole month (30 days) on a single day, which is the first day of the month (say 1st of April) and earn nothing from passes for the next 29 days.
Scenario 2 - BW sealink allows the sale of the pass on any day of the month. So, all 11200 vehicles are free to purchase their passes any day of the month. And hence assuming that the number of passes sold everyday are the same, the no of passes sold per day will be 11200/30
It is this second scenario that has been presented in the video.
@@aasaanbehera6147 thanks got it now
Thank you for the video, it was indeed helpful. Though, the assumption was taken in the beginning regarding the vehicles passing, so how is that a point missed as stated in the end?
Thank you for this vedio
2 wheelers are not allowed on the bandra worli sealink
Please keep posting videos
Can we use calculator in guesstimates?
Sir I'm an arts student preparing for consulting. Sir how to prepare for case interviews as I don't have fundamental knowledge of management like marketing, corporate finance, operations etc. Then how can I prepare, which books or study material should I prefer that starts from the basic in easy Language. Sir Please reply
Thank you!
2 Wheller don't pay tolls.
❤
please upload more vids
I have been watching your videos which would be helpful. But can you suggest the career path to consultant in big 3 McKenzie , BCG , Accenture for a graduate with experience or no-experience. Like certification , or something like 6 moth e-certification . Which would put our C.v in consideration. I was just asking as is there way or just do an MBA from IIM top colleges.
No other way.
Hi Prabhat, there are various opportunity provided by the Big 4 firms for graduate freshers in profiles like audit, taxation etc. You can work there for sometime, understand the working environment, get a command in your field and then after sometime you can definitely try for Big 3. Option 2 is Big4s also provide with education loans and even sponsor education if someone is willing to study further. The path is little longer, but I can assure that there's definitely a way and I hope Mr Prakhar Sinha will agree to this too! All the best and Cheers!!
Can someone explain how to get 1440 vehicles and so on
1 hr = 3600 sec
3600 / 15 = 240
240 * 6 hrs = 1440 vehicles
1 hour -60 seconds
6 hours means-6×60sec×60min=21,600seconds
Then if 1 car passes for 60 seconds how many cars pass through the toll for 21600 seconds??
21600÷15=1,440.
Lol no tolls for two wheelers, so ur estimate is roughly 60% inaccurate
he took the toll as 50rs. for 2 wheelers
Hi Avishek, the final number is not the goal in a consulting interview. A structured approach is.