Analytics Magazine Analytics Magazine, July/August 2014 | Page 87

Figure 3: Histogram of parking time remaining, less than 60 minutes. Approximately six of these data points are actually spill over from “paying” customers. 12 parking spots have been paid for at any given time. YES, BUT WHAT DOES IT ALL MEAN? So in one sense, the distributions of the data are irrelevant; there are 100 parking spots on average, and the average time that a parking spot is occupied is some time greater than 27 minutes. If we make the (not bad!) assumption that the parking spots that run over are occupied for 90 minutes, then the average occupancy is 43 minutes. In a lot with 100 spots, this means that on average, A NA L Y T I C S one spot comes open every 30 seconds. This doesn’t sound so bad. If we treat the system as a queue, and use the (observed) steady state cars waiting of three, we can place a rough lower estimate [3] that a new car arrives every 30 seconds looking for a parking spot, and that they have between a 15 percent and 25 percent chance of finding an open spot. These crude estimates, however, do not agree very well with observation, because they neglect the “blocking” effect of other cars waiting for spots to open up. A better analysis of J U LY / A U G U S T 2 014 | 87