ECONOMIC VEHICLE REPLACEMENT POLICIES

The report is intended to set out criteria to be considered when formulating a vehicle replacement policy for transport operators. Such decisions are based on the concept of minimizing average annual cost. The age at which this cost is a minimum is defined as the economic life. The derivation of economic lives can be calculated for either individual vehicles or as a group. Methods of deciding economic lives vary from using an algebraic formula, nomogram charts or computer programs depending on data available. (TRRL)

• Corporate Authors:

  Local Government Operational Research Unit

  201 King's Road
  Reading, Berkshire,   England 
• Authors:
  • Evans, S
  • Phillips, G
• Publication Date: 1977-11

Media Info

• Features: Figures; Tables;
• Pagination: 21 p.

Subject/Index Terms

• TRT Terms: Age; Analysis; Calculation; Charts; Computer programs; Economic analysis; Economics; Fleet management; Life cycle costing; Mathematical models; Minimization; Motor vehicles; Operating costs; Planning; Policy; Service life; Vehicles
• Uncontrolled Terms: Replacing; Vehicle age
• Old TRIS Terms: Analytical techniques; Fleet planning
• ITRD Terms: 1757: Age; 6464: Calculation; 6486: Chart; 255: Economics; 6473: Mathematical model; 221: Operating costs; 173: Policy; 8645: Software; 1255: Vehicle
• Subject Areas: Design; Economics; Finance; Highways; Planning and Forecasting; Policy; Railroads; Vehicles and Equipment; I96: Vehicle Operating Costs;

Filing Info

• Accession Number: 00319688
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Report/Paper Numbers: Monograph
• Files: ITRD, TRIS
• Created Date: Feb 6 1981 12:00AM