The paper "Bike Sharing System in Canberra" is a perfect example of a business case study. This report focuses on a cost-benefit analysis for the bike-sharing system in Canberra. A bicycle-sharing system consists of a network of bicycles that are located at different stations around a town. The bike-sharing system in Canberra therefore refers to a store of bicycles that can be picked up and dropped off at various points across Canberra. The bicycles will be available to the public for short-term use. According to Nadal (2007), bike-sharing offers a cost-effective and graceful mobility alternative for trips that can take a longer time to walk and not very long for transit or driving.
A bike-sharing system is comparatively low-priced and a fast implementation extension of a town’ s public transportation offerings. A bike-sharing system is therefore reasonably priced and systems can be planned to operate like automated bicycle rental services or to promote shorter and spontaneous trips via membership and usage fees where individuals pick bikes from one station and return the bike to any other station (Larsen, 2013). Accordingly, this report will present the scope of the project and perform a cost-benefit analysis for the bike-sharing system in Canberra.
In a cost-benefit analysis, the economic value of the project is analyzed. In addition, alternatives to the project are also analyzed in order to compare the costs of alternatives with the benefits. Therefore, the cost-benefit analysis will be used to provide the value of the bike-sharing system project in Canberra. Project scope The bike-sharing system in Canberra consists of an automated station that has many bikes for hire. The automated bike system does not need excavation because it uses wireless communication where people swipe credit cards and the system releases the bike from the rack.
Because of the system’ s automation, it is possible to move, relocate or expand the stations to meet the demand of the bikes. The bike-sharing system in Canberra contains bikes that are normally upright and this offers the advantage of being “ one-size-fits-all” and also promotes movement at a slower speed.
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