Methods of Aggregated Vehicle Ownership Cost Estimation

Abstract

— The article is devoted to the issue of a reasonable choice of a vehicle by a consumer on the basis of its aggregated ownership cost. The developed method of estimating the aggregated vehicle ownership cost provides an opportunity to compare different types of vehicles and choose vehicles with the lowest cost in the conditions of intended operation. Wherein, the method can be used either by private vehicle individual owners or by commercial organizations. Theory of car operation; theory of transportation costs; probability theory and mathematical statistics; mathematical modeling of processes. The specific indicators to estimate the aggregated cost of the full cycle of vehicle ownership have been determined. A universal methodology to estimate the aggregated vehicle ownership cost has been developed to provide possibility to compare various types of vehicles and choose vehicles with the lowest cost in the conditions of intended operation. The model for estimating the aggregated vehicle ownership cost has been theoretically justified. The algorithm to calculate specific indicators of the aggregated vehicle ownership cost has been developed. The method to estimate the aggregated vehicle ownership cost has been proposed to make calculation and evaluation of the specific indicators of the aggregated vehicle ownership cost, depending on its type and annual mileage, possible.