25-09-2017, 06:17 PM
(This post was last modified: 25-09-2017, 06:17 PM by specuvestor.)
^^ I concur but didn't want to be first to point it out
I work in Raffles Place and it doesn't sound right to me either. I don't think it is "very good price comparison" 
I think the better methodology is that they take a cab and screen shot the Uber and Grab at the same time rather than hypothetical
"In order to calculate how each ride costs for Uber, Grab and conventional taxis, we collected data on each service's pricing mechanisms. Then, we selected a few landmark locations in major neighborhoods of Singapore: CBD (Raffles Place & Tanjong Pagar Centre), Woodlands Train Station, Jurong West Swimming Complex, Hougang Mall, Bedok Mall and Changi Airport. By calculating the distance and time required to travel between these places, we were able to estimate the cost for all of the services we were studying. We also used fare estimators to check our estimations were in the ball-park of what the companies were claiming to cost. For our trips, we assume no toll or additional surcharges."


I think the better methodology is that they take a cab and screen shot the Uber and Grab at the same time rather than hypothetical
"In order to calculate how each ride costs for Uber, Grab and conventional taxis, we collected data on each service's pricing mechanisms. Then, we selected a few landmark locations in major neighborhoods of Singapore: CBD (Raffles Place & Tanjong Pagar Centre), Woodlands Train Station, Jurong West Swimming Complex, Hougang Mall, Bedok Mall and Changi Airport. By calculating the distance and time required to travel between these places, we were able to estimate the cost for all of the services we were studying. We also used fare estimators to check our estimations were in the ball-park of what the companies were claiming to cost. For our trips, we assume no toll or additional surcharges."
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Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)