streets hawkers of north campus

7/29/2019 Streets Hawkers of North Campus

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INDEX

Motivation

Street Hawkers

Scope of Survey

Features of Business Questionnaire

Statistics for Different Types of Hawkers

Regression Analysis & its Use

Comparisons of Revenue, Expenditure & Profit

Acknowledgements

Bibliography


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Just as Haldirams, Gianis,

Bittoo Tikkiwala started asvendors and now they are

BIG BRANDS today, we were

just inquisitive to know ifone of the vendors from ourown streets would actually

make it to the Guinness Bookof World Records!!!


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The popular GIANI DI HATTI,a rabri falooda shop in old Delhis Fatehpuriarea. Opened in 1950 by a refugee from Layallpur(Pakistan),Giani GurcharanSingh.The establishment has opened about 20 outlets in NCR in past oneyear.The joint which was popular for its falooda, shakes and moong dal halwa,are now of to 38 flavours of ice-creams.fruit-shakes, etc.GIANIS ICE-CREAMS HAS ITS NAME IN LIMCA BOOK OF WORLDRECORDS FOR MAKING VEGETARIAN ICE-CREAM


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It was started by Sati ram Yadav,a teacherrom Lucknow,who peddled his stuff from arehri in the early 1990s atPitampura(Delhi).Its now known as BTWand specializes in tikkis,bhala papri,golegappe,etc.

BTW IS NOW GIVEN AINTERNATIONAL STANDARD


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In 1937, Ganga Bishen Agarwal, ( known as Haldiram), opened a smallsweet shop in Bikaner, a small district in Rajasthan.Bhujia sev, a

salty snack prepared by Ganga Bishen, were very popular in Bikaner.Haldiram's transition from a one-counter sweet shop in Bikaner in

the early 1937s to a full-fledged Indian snack foods company todayloathes the concepts of marketing and branding and it was the first

to brand its namkeens and sweets in the country..WITH AN ESTIMATED TURNOVER OF RS 400 CRORESAND A SELF-PROCLAIMED BRAND VALUATION OF RS1500 CRORES


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We defineStreet HAWKERS as those who prepare food on thestreets that is ready-to-eat, or is prepared

at home and consumed on the streets

without further preparation. It is largely recognized that Street Hawking plaan important socio

economic role in terms of employment potential, special income,and in serving the food at prices affordable to all.

It is also dubbed as the very essence of North Campus.


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The survey is based on information collectedfrom the

Hawkers in the North Campus, majority ofthem from Patel Chest,

Maurice Nagar and in the vicinity of themetro station.

In order to carry out a realistic survey wewent to each hawker

and asked them the questions that follow inthe questionnaire.We had to take them into confidence in order

to get the true informationas they were reluctant to give us the correct

figures.


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The survey includes those Hawkers who sellonly one item i.e. all units are homogeneous.

We have taken into account only thosehawkers which are immobile i.e. do not shift

from their positions under any changes incircumstances.

Also these hawkers have been observed tohave a stable business over a period of timei.e. no hawker that has recently made it to

the campus has been included in the survey.


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FEATURESOF

BUSINESS

Type OfProduct

Sales Hours ofHawking Mobility Age ofBusiness


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Type of product: This is a categorical variable with 5categories, which capture the types of products sold. Different

types of products are associated with different cash flowrequirements and different practices of suppliers, includingtheir sales. The categories of Hawkers surveyed are as follows:-

MOMOS

BANTAWALA

BHELPURI

MAGGI

CHOLEKULCHE


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Sales:

It is a continuous variable.

Higher the value of sales, the higher the amountof liquidity that a hawker needs to maintain hisinventory of goods.

This variable is estimated using a regression of

- weekly sales on the age of business

- hours spent hawking- type of product

The predicted value of sales is then used in theregressions.


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Hours hawking: This is a continuous variable

measuring no. of hours spent in hawking per day

it is expected to influence the amount of weeklysales positively.


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Mobility: It is a dummy variable

Has a value of one for those hawkers whonever changed their location ever

A near permanent location of operation is a

signal of survival

It helps in building social networks andreputations in the market

Is an important indicator ofcreditworthiness.


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Age of business: The number of years in thehawking business

Important variable in showingcreditworthiness.

Incumbency may help in accumulatingreputation and collaterizable assets.


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Selling priceper unit

Cost priceper unit

Cost of securityof the stall

Age of hawker

Years of stablebusiness

Total no. of unitssold per day

Questionnaire


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Sales per month = sales per day *25{taking into account the holidays and Sundays}

Revenue per month = sales per month *selling price per unit

Expenditure per month = sales per month*cost price per unit

Miscellaneous expenses {different for various hawkers

Profit = Revenue per month Expenditure per month

Tools of Estimation


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Place No. of

units sold

per day

Selling

Price

per unit

Cost

Price

per unit

Age of

Hawker

s

Years of

Stable

Busines

s

Cost of

Securit

y

Chattra

Marg

100

50

(summer)

20 11 37 2 850

MauriceNagar

75

50

(summer)

25 15 33 17 1800


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Place No. of

units

sold perday

Selling

Price

perunit

Cost

Price

perunit

Age of

hawker

Years of

Stable

Business

Cost of

Security

Patel

Chest

275 20 12 48 25 1800

Hindu

College

125 20 12 35 12 800

BHELPURI


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.Place No. ofunits soldper daySellingprice perunit

Costprice perunitAge ofhawker Years ofstablebusiness

Cost ofsecurityKamlaNagar

14450(winter)

10 6 17 2.5 500

ArtsFaculty72

23(winter)10 6 47 35 500

ChattraMarg Banta-60Juice-40Banta-14Juice-10

Banta-10Juice-10

Banta-6Juice-7.5

45 27 0(exception)


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Place No. ofunitssold perday

Sellingprice perunitCostprice perunit

Age ofhawker Years ofstablebusinessCost ofsecurity

Mauricenagar 200 10 5 28 8 1000

School ofOpenlearning125 10 5 40 18 1500

Metrostation 120 10 5 50 20 1200


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Average Expenditure of Hawkers

Average Profit of Hawkers

Average Revenue of Hawkers


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0

20000

40000

60000

80000

100000

120000

REVENUE 104687.5 17208.33 48437.5 100000 37083.33

EXPENDITURE 70437.5 10804.167 23356.25 61300 19775

PROFIT 34250 6320.833 14925 38700 17308.33

MOMOS BANTA MAGGI BHELPURICHOLE

KULCHE

PROFIT vis--vis REVENUE & COST


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What is Regression Analysis ?

It is a mathematical measure of the averagerelationship between two or more variables

in terms of the original units of the data.

It consists of choosing and fitting anappropriate model -

usually with a view to estimating themean predicted response(i.e. the mean value of the responsevariable) or even the individualpredicted response for specified values ofthe explanatory variable.


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Why do weuse Regression

Model?


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investigate a collection ofrelevant factors for their abilityto

predict hawkers income.

To obtain a parsimonious setof variables

that efficiently predicts theresponse

variable of interest.

to investigate a collection of

factors for their potentialassociation withthe outcome of interest

STATISTICS th HAWKERS


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STATISTICS - the HAWKERS

WAY

After fitting the regression model, we get:

The co-efficient of regression .i.e. R=.977,0


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ANOVA .i.e. analysis of variance consists of separating the total variability in a set ofexperimental results into components associated with the different sources of thatvariability. These components are then compared and this enable us to test the nullhypothesis H0 against alternate hypothesis HA .at 5% level of significance.

H0 : There is no significant regression between the dependent and

independent variables.

H1 :There no significant regression between the dependent andindependent variables.

P-value=0%

This show there is significant regression between the dependent and the

independent variables.


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The above graph shows that, the deviation of the estimated values from theobserved values around the fitted line are almost near the fitted line.

HENCE GIVEN MODEL IS SUITABLE.


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From the above graph we can conclude that,

if you start your hawking business withBhelpuri then one will have highestprofit , &

Bantawala is the least profit earner.


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Hours Spend on Roads/Month VS

Profit/Month

0

10000

20000

30000

40000

50000

60000

0 50 100 150 200 250Hours S pend on Road/Month

Profit

perMonth

Number of hours spend on the road hawkingdoesnt effectthe profit much aftercertain no. of hours already spend on the road,on the other hand profit depends more on the type of item sold


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Interpolating polynomial for PROFIT=0.00126453*(-34.998+x)(-27.0755+x)(-7.8975+x)(-2.74811+x)(448.006-41.9775x+x^2)(229.929-29.6379x+x^2)(0.4917-1.2236x+x^2) *where x denotes number of years* We have obtained the above formula using Mathematika-6.0 .

Definition : The process of obtaining a dependent value in a given dataset making use of independent data set .


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Final Inference1.As we started the presentation with

the concept of BTW & GIANISbecoming Big Brands, after carryingout this survey and using STATISTICS

and MATHEMATICS we feel that 9 yrsdown the line when you come back tothis campus you may find Patel ChestBhelpuri wala having a full fledged airconditioned shop with his alreadyowned I-10 standing outside it.

(we made use of Mathematica 6.0 tointerpolate and get the figure 8.43)


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2.We fitted the following regression

Model using SPSS16 consideringPROFIT as dependent variable &REVENUE, COST i.e expenditure, NO.of YEARS of stable business and NO.

of HOURS spend on the road asindependent variables.

The regression model fitted is asfollows:-

PROFIT=3196.09+0.263*REVENUE+0.112*COST+21.518*YEARS-49.773*HOURS.


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ACKNOWLEDGEMENTS Vote of thanks to RajkumariMaam, Mahesh Sir, AnuradhaMaam, Ankur Sangwaan, LohitGupta .

Our Regards to all the Hawkerswho became such an extensive

part of the survey and made theevent a success.


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BIBLIOGRAPHY Access To Credit by Hawkers : Theory & Evidencefrom India. Presented in Partial Fulfillment of theRequirements of the Degree of Doctor of Philosophy

in the Graduate School of the Ohio State University,2005 Mukta Joshi . Entrepreneurs of streets : an analytical work on the

street food vendors of Dhaka City, February 2009,Ahemadabad Tandem Muzaffar .


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ADITI BHARDWAJ

TULIKA KAEIN

RAMJAS COLLEGE

streets hawkers of north campus

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