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

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