what are the operation management strategies/theories that canbe applied in grab taxi company
Expert Answer
Grab taxi is an app that allowsusers to book taxi as in when required. It is on the rise insoutheast Asia. The various operations management strategies are asbelow:
Inventorymanagement: There is no inventory owned by grab taxi. Itis just a platform that connects the taxi and riders. So in a wayit works on “Just in time” practice.
Demand management:The users are connected to the driver who is located nearest. Whenthe demand is high then the number of taxis, Grab applies surgepricing. So many people wait
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