Book Trader Feasibility Presentation Orange Team CS 410 July 26, 2016 Orange Team - Feasibility Presentation 1 Outline Introductions Problem Statement Research Solution Overview Goals/Objectives Solution Features Solution Feasibility Conclusion July 26, 2016 Orange Team - Feasibility Presentation 2 Organization July 26, 2016 Orange Team - Feasibility Presentation 3 Problem Statement Due to the increasing cost of education and the unproportional rise in textbooks costs students are opting to make due without the textbook, damaging their chances of succeeding in college. July 26, 2016 Orange Team - Feasibility Presentation 4 Cost of Education Virginia undergraduate students can expect to pay an average 9.2% more in 2006-07 than they did the prior year in tuition and all fees Virginia is the 12th highest state in terms of college cost Tuition and fees increased by 240% while textbook prices nearly increased 300% from December 1986 to December 2004 1 The average total cost for an in-state undergraduate student living on campus next year is estimated to be 37.5% of per capita disposable income 2 1. State Council for Higher Education for Virginia 2. Government Accountability Report July 26, 2016 Orange Team - Feasibility Presentation 5 Overall Rise in Costs Average undergraduate tuition, fees, and room and board rates charged for full-time students in degree-granting institutions, by type and control of institution: Selected years, 1984-85 to 2004-05 Year and control of institution All institutions 4-year institutions 2-year institutions 1984-85 $4,563 $5,160 $3,179 1994-95 8,306 9,728 4,633 2000-01 10,818 12,922 5,460 2001-02 11,380 13,639 5,718 2002-03 12,014 14,439 6,252 2003-04 12,955 15,504 6,716 2004-051 13,743 16,465 7,020 July 26, 2016 Orange Team - Feasibility Presentation 6 Public Perception Cost factors prevent 48% of college qualified high school graduates from attending a four-year institution and 22% from attending any college at all 3 70% of parents of high school students think higher education is being priced beyond the income of the average family 4 Student access to higher education has declined and students are taking more time completing their course of study 3. Congressional Analysis of College Costs 4. California Student Public Interest Research Group July 26, 2016 Orange Team - Feasibility Presentation 7 Textbook Costs July 26, 2016 Orange Team - Feasibility Presentation 8 Yearly Textbook Costs College textbook prices have grown at twice the rate of inflation The average cost of textbooks and supplies for a fulltime student in 2003-04 was $898 per year at four-year public institutions At two-year public institutions, where low-income students are more likely to pursue a degree program and where tuition and fees are lower, the average estimated cost of books and supplies per first-time fulltime student was $886 --almost three-quarters of the cost of tuition and fees July 26, 2016 Orange Team - Feasibility Presentation 9 Annual Textbook Proportion July 26, 2016 Orange Team - Feasibility Presentation 10 Textbook Legislation Concerns over the growing cost of textbooks have reached government concern 5 In April 2005, a Virginia bill that requires public colleges to disclose the titles of required books as soon as the campus bookstore receives the list was approved 5 Exempting textbook purchases from sales tax is another bill proposed in Michigan 5 New York legislators are debating a bill to create academic review board that would require publishers planning to introduce a new edition of a textbook to justify its necessity 5 5. National Association of College Stores July 26, 2016 Orange Team - Feasibility Presentation 11 Student Retention July 26, 2016 Orange Team - Feasibility Presentation 12 Academic Success 78% of students have chosen not to buy a book for one or more of their classes 6 73% of students said their choice was cost related 6 “It has been estimated that 85% of learning in college involves text,” Jodi Patrick co-author of College Success Strategies and Active Learning 6. Student Success and Textbook Survey July 26, 2016 Orange Team - Feasibility Presentation 13 Retention Factors 75% of college students live off campus and 80% have paying jobs 7 73.8% of undergraduates in 2003-04 received financial aid 7 An NCES study suggests that full-time work and part-time attendance, in combination with family responsibilities, are barriers to completing a postsecondary credential, at least over a 6-year time period 7 7. National Center for Education Statistics July 26, 2016 Orange Team - Feasibility Presentation 14 Solution Overview Website to facilitate the trading of textbooks Determines feasible trades between students and alerts them Maintains user privacy Enables students to meet other students who have taken the same course Saves on the overall cost of education July 26, 2016 Orange Team - Feasibility Presentation 15 Goals Decrease the price students pay for textbooks per semester Encourage the use of textbooks to increase academic success Improve student success and retention through the increased availability of texts Provide a way for students to meet others who have taken the same course July 26, 2016 Orange Team - Feasibility Presentation 16 Objectives Design a website that allows students to trade their used books for the ones they need Automatically match students who have the desired item with the students who need it Provide a method of private communication between users Provide a method of browsing users and their books July 26, 2016 Orange Team - Feasibility Presentation 17 Functional Diagram July 26, 2016 Orange Team - Feasibility Presentation 18 July 26, 2016 Orange Team - Feasibility Presentation 19 What Does it Solve? Provides one place for all students to swap textbooks An improved ability to swap books equates to less of a need to buy new or used textbooks Reduces a student’s school expenditures Increases student success July 26, 2016 Orange Team - Feasibility Presentation 20 Fliers Vs. Website Flier Method Create a flier, including personal information Print flier and walk around campus posting it Wait for responses Haggle with respondents over price or appropriate trades Eventually determine a proper trade or sale July 26, 2016 Website Method Sign up Post the books you want to trade, and the books you need to have Wait for the site to find available trades Contact the students listed Set up a meeting and trade Orange Team - Feasibility Presentation 21 Pros Reduces yearly textbook and education costs Easier than existing solutions Student Privacy No shipping / handling fees Cheap and limited risk project July 26, 2016 Orange Team - Feasibility Presentation 22 Cons Needs users to succeed Unreliable users Requires similar book needs Some existing solutions Bookstore buy-back program July 26, 2016 Orange Team - Feasibility Presentation 23 What’s in the Box Web services ISBN lookup Trade listing Email aliasing Trade matching July 26, 2016 Orange Team - Feasibility Presentation 24 Cost Free for students and universities Advertisers starting at $2 per ad for every thousand views Initial Investment Hosting - $200/month Coding – 740LOC Site Design - $750 Domain Name Negotiation July 26, 2016 Orange Team - Feasibility Presentation 25 Resources Hosting Web Server Email Server Support Staff Database Development Environment Development Team July 26, 2016 Orange Team - Feasibility Presentation 26 Tech Issues ISBN lookup Required textbook lookup Browser compatibility Data storage Load testing Server uptime July 26, 2016 Orange Team - Feasibility Presentation 27 Management Issues A website is a real time demand Production must be rapid enough to meet demands of users Project would need to be deployed at a peak time for textbook swapping If the window for this is missed then the project must be delayed July 26, 2016 Orange Team - Feasibility Presentation 28 Scope Will Do Link students for trading Allow students to contact each other through aliased emails Email students about available trades User ratings July 26, 2016 Won’t Do Display personal information Guarantee trades Orange Team - Feasibility Presentation 29 Competition Matrix July 26, 2016 Orange Team - Feasibility Presentation 30 Customer Identification Universities to reach student populations Students to use the website for trading their books Advertisers to provide revenue for the site operation July 26, 2016 Orange Team - Feasibility Presentation 31 Student Support According to the CALPIRG, 86% of students would buy and sell used textbooks through an online book swap 4 60% of students surveyed stated traditional trading was difficult 6 4. California Student Public Interest Research Group 6. Student Success and Textbook Survey July 26, 2016 Orange Team - Feasibility Presentation 32 Social Website Popularity July 26, 2016 Orange Team - Feasibility Presentation 33 Customer’s ROI Students Lower cost of education Put in contact with other students Increased chance of success Universities Increased retention Increased rank July 26, 2016 Orange Team - Feasibility Presentation 34 Return on Investment Average ad: $1 - $10 per thousand views 8 4,000 universities in the US 20,000 views per day vt.facebook.com Average of 4,000 students odu.facebook.com 2 ads at $5 (per thousand) and 2k views per day at 100 schools: $2k per day or $730k per year 65,000 views per day Facebook $100 million per year MySpace $2 per user per year 8. Web Developers Journal July 26, 2016 Orange Team - Feasibility Presentation 35 Risks July 26, 2016 1) No Student Support 2) No Feasible Trades 3) No University Support 4) Server Failure 5) Website Failure 6) Database Failure 7) Security/Privacy Issues Orange Team - Feasibility Presentation 36 Risk Descriptions Student support – users to trade books Feasible trades – student ability to find the books they need with the books they have University support – assistance to reach students Server failure – when the web host goes down Website failure – scripting components fail/buggy Database failure – data is lost of unavailable Security/privacy issues – student information being revealed inadvertently or maliciously July 26, 2016 Orange Team - Feasibility Presentation 37 Risk Justifications Without student support the website will not function at all, but Without feasible trades students will find the website useless, but The possibility of university support is not great, but students can still be reached without it The possibility of the server failing is low if the host chosen is decent, but if it were to happen the website would be inaccessible With regular backups the database information will be secure from loss, but if it were to happen all site information would be lost Since no sensitive student information is asked for there is no chance of it being revealed inadvertently, and information that is revealed will be harmless July 26, 2016 Orange Team - Feasibility Presentation 38 Ways To Mitigate Risk Marketing targeted towards students Link trades between three or more people Convince universities of textbook cost and success correlation Acquire reliable hosting Regular database backups, reliable hosting Ask for minimal student information at signup, secure coding practices July 26, 2016 Orange Team - Feasibility Presentation 39 Conclusion “An educated and skilled citizen is essential to the economic and social health of every nation.” To accomplish this end, it is crucial to make college education affordable The pricing of textbooks affects quality and affordability of higher education Increasing prices in college education, including textbooks, are causing decline in retention rates and academic success There is need to provide alternatives to reduce the overall expenses of a college student Students using a website to trade textbooks will reduce the overall cost of education and thereby increase student success July 26, 2016 Orange Team - Feasibility Presentation 40 References 1. State Council of Higher Education for Virginia. 2006-07 Tuition and Fee Report. 2. United States Government Accountability Office. College Textbook Report http://www.gao.gov/new.items/d05806.pdf Congressional Analysis of College Costs. http://www.house.gov/ed_workforce/issues/108th/education/highereducation/CollegeCost CrisisReport.pdf California Student Public Interest Research Group http://calpirg.org/reports/textbookripoff.pdf National Association of College Stores. www.NACS.org/news/statebills.asp Student Success and Textbook Survey. National Center for Education Statistics. Work First, Study Second. Postsecondary Education Descriptive Analysis Reports. Table 316. Percentage of Undergraduates receiving aid http://www.nacs.org/news/statebills2005.asp Web Developer Journal. http://www.webdevelopersjournal.com/articles/banner_ads/banner_advertising_industry_sta ts.html Make textbooks Affordable.org http://www.maketextbooksaffordable.org/Koch_ACSFA%20College%20Textbook%20Cost %20Study%20Plan%20Proposal_9%207%2006.pdf 3. 4. 5. 6. 7. 8. 9. http://www.schev.edu/Reportstats/2006-07Tuition&FeesReport.pdf July 26, 2016 Orange Team - Feasibility Presentation 41 Appendix Tuition and Fees in Selected States Public Colleges and State Universities by Cost Rank Estimated 2006-07 2005-06 States Tuition and States Tuition and Ranked Mandatory Fees Ranked Mandatory Fees* 1. New Jersey $8,653 1. New Jersey $9,458 2. Ohio $7,567 2. Ohio $8,271 3. New Hampshire $7,190 3. New Hampshire $7,859 4. Illinois $6,780 4. Illinois $7,411 5. Maryland $6,755 5. Maryland $7,383 6. Vermont $6,484 6. Vermont $7,087 7. Michigan $6,268 7. Michigan $6,851 8. Pennsylvania $6,263 8. Pennsylvania $6,845 9. Indiana $6,171 9. Indiana $6,745 10. South Carolina $5,984 10. Virginia $6,426 11. Connecticut $5,925 11. South Carolina $6,409 12. Virginia $5,906 12. Connecticut $6,346 7. National Center for Education Statistics July 26, 2016 Orange Team - Feasibility Presentation 42