How to Drive Tariff from two VARIABLES?

In summary: Your name]In summary, the speaker is seeking assistance with finding a flat rate for their trucking rates which are currently based on fixed kilos. They propose the idea of using a single flat rate multiplied by the weight or volume of the cargo. The expert suggests finding the average weight and volume and using it as a base for the flat rate, which can then be adjusted for different weight ranges. They also suggest considering a tiered flat rate system.
  • #1
myem1983
1
0
Hello Everyone,

I need your assistance here with the owing problem and I'm sure someoen will help me. :)

I've trucking rates which are based on fixed kilos - the range starts from 50 kilos to 5000 kilos.
Condition is whatever the volume of the cargo is we have to multiply it with 200 and whatever the answer will be then we have to look down into the weight slab where it falls. For e.g.

We have 1000 kilos and volume is 1 cubic-meter.
Now we have to multiply 1 cubic-meter with 200 and answer will be 200 so we can see 1000 is higher so we have to pick 1000.

I'm wondering is there is any co-relation we can find and make a flat rate? For e.g.

rather we multiply volume of the cargo with 200 why can't we have one SIMPLE rate and whatever weight or volume we get we multiple it with a flat rate?

I'm not sure I'm being clear and detailed explaining here... :( sorry for the inconvenience. rest of the details are as below:
Weight
50 , 100 , 150 , 200 , 250 , 300 , 350 , 400 , 450 , 500 , 600 , 700 , 800 , 900 , 1000 , 1100 , 1200 , 1300 , 1400 , 1500 , 1600 , 1700 , 1800 , 1900 , 2000 , 2100 , 2200 , 2300 , 2400 , 2500 , 3000 , 4000 , 5000 ,

Rate
45.98 , 55.11 , 66.11 , 73.59 , 85.69 , 96.69 , 107.69 , 117.81 , 129.03 , 136.51 , 148.17 , 165.33 , 179.41 , 196.383 , 203.643 , 213.444 , 223.366 ,
234.014 , 242.605 , 250.107 , 255.915 , 264.627 , 273.218 , 281.688 , 290.158 , 304.799 , 312.906 , 321.013 , 329.12 , 336.864 , 346.907 , 349.569 , 366.63

Appreciate if you could help me to drive a tariff which is one figure - and by multiplying it with VOLUME or WEIGHT I get an answer.

Thanking you in advance! :)

Regards,
MYEM
 
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  • #2


Dear MYEM,

Thank you for reaching out for assistance with your trucking rates. I am always interested in finding solutions and correlations to problems. After reviewing your forum post and the details provided, I believe I have a possible solution for your flat rate conundrum.

Firstly, I would suggest looking at the average weight and volume of your cargo. By finding the average, we can use it as a base for our flat rate. For example, if the average weight is 1000 kilos and the average volume is 1 cubic meter, we can start with a flat rate of 200 multiplied by 1000, which would give us a rate of 200,000. This may seem like a high rate, but we can then adjust it based on the weight and volume ranges provided.

For weights below 1000 kilos, we can decrease the rate slightly, and for weights above 1000 kilos, we can increase the rate accordingly. This way, we can still use a flat rate for all weights and volumes, but it will be adjusted based on the actual weight and volume of the cargo.

Additionally, we can also consider implementing a tiered flat rate system. For example, we can have a base rate for weights up to 1000 kilos, a slightly higher rate for weights between 1000-2000 kilos, and a higher rate for weights above 2000 kilos. This way, we can account for the varying weight ranges in a more organized manner.

I hope this helps in finding a solution for your trucking rates. Please let me know if you have any further questions or if I can provide any additional assistance.
 

1. How do I determine the relationship between two variables in order to drive tariff?

The first step in determining the relationship between two variables is to plot the data points on a scatter plot. This will help visualize any patterns or trends between the two variables. Then, you can use statistical methods such as correlation analysis or regression analysis to determine the strength and direction of the relationship between the two variables.

2. What is the significance of the correlation coefficient in driving tariff from two variables?

The correlation coefficient is a statistical measure that indicates the strength and direction of the relationship between two variables. In the context of driving tariff, a high positive correlation coefficient indicates that as one variable increases, the other variable also increases, and vice versa. This information can be used to make decisions about setting tariffs based on the values of the two variables.

3. Can I use any two variables to drive tariff, or are there specific variables that are more relevant?

While it is possible to use any two variables to drive tariff, it is important to consider the relevance and significance of the variables in relation to the tariff being set. Variables that are directly related to the cost of production or demand for the product are typically more relevant in determining tariff rates.

4. How can I ensure that the tariff rates driven from two variables are fair and justifiable?

To ensure that the tariff rates are fair and justifiable, it is important to use reliable and accurate data for the two variables. Additionally, it is important to consider any external factors that may impact the relationship between the variables, such as changes in the market or economic conditions. It may also be helpful to consult with experts or conduct sensitivity analyses to validate the results.

5. Is it possible to drive tariff from more than two variables?

Yes, it is possible to drive tariff from more than two variables. However, as the number of variables increases, the analysis becomes more complex and may require advanced statistical techniques. It is important to carefully consider the relevance and significance of each variable in relation to the tariff being set in order to avoid overcomplicating the analysis.

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