Lifebox
- 1. Prepared By, Zabir Al Nazi Nabil Mamunur Rahaman Mamun Khulna University of Engineering and Technology
- 2. Statement of the problem Bangladesh is naturally bestowed with a large waterways system. The waterways, until today, are the cheapest mode of transportation. Today, journey by launch is increasingly unsafe and accidents might happen at any time, at any weather condition and at any river route. Hundreds of deaths (each year), financial loss for launch/ferry owners.
- 3. Statement of the problem Rescue process is delayed or terminated because sinking location can't be pinpointed. Collisions between two water vehicles in foggy weather, Passenger overload There's no means of communication between operators of different transports.
- 4. Statement of the problem
- 5. Executive summary Selecting most accident prone marine routes. Government supervision. Tax (Government), yearly revenue for using our service, economic stability, safety of passengers. Marine route regulation.
- 6. Vision To design monitoring device for other purposes. To sell our product globally by selecting accident prone routes.
- 7. Mission To get into the market before there’s much competition.
- 8. Detail solution of the problem A cheap “MONITORING SYSTEM” which establishes a communication protocol between the transports. Tracks location and safety issues of each registered water vehicle. Warns the operator before any unwanted situation. The maintenance report, risk details is passed to the passengers through display module Current loaded state.
- 9. Detail design of the product Main Server Display LifeBox Module
- 10. Detail design of the product LifeBox Module (Installed on every registered transport) Display (comes with LB module) Shows safety details & weather updates to passengers. Central Server Communicates with the online LB module, tracks location, shares useful info to operators.
- 11. Detail design of the product
- 12. Investment Plan SL No. Component Required Price 1 Arduino dev. board 600 tk ($ 7.48) 2 GSM/GPRS/GPS module 1800 tk ($ 22.45) 3 Backup battery 350 tk ($ 4.37) 4 LED display 2500 tk ($ 31.8) 5 Extra 1000 tk ($ 12.47) 6 Total 6250 tk ($ 77.95) Cost of Prototyping This cost can be reduced to 5000 ~ 5500 tk ($ 62.36) when developed commercially.
- 13. Investment Plan Selecting most accident prone marine routes. Government supervision. Tax (Government), yearly revenue for using our service, economic stability, safety of passengers. Marine route regulation.
- 14. Anything you require from Microsoft Microsoft azure premium account to deploy our web server.
- 15. Projection and Revenue Model Potential Customer – 1000 launches/ferries (minimum) Primary revenue source – Selling LifeBox module, installation charge. Long term revenue source – Subscription charge. Secondary revenue source – Showing advertisements on display of LB module. Customization, extra features.
- 16. Projection and Revenue Model Breakeven Point B.E. = 500000/ ( 6000 - 5000 ) = 500
- 17. Possible challenges and competitors No competition in the local market.