2017
DOI: 10.1057/s41274-017-0236-1
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Optimal fleet replacement: A case study on a Spanish urban transport fleet

Abstract: Optimize the average annual cost of a bus fleet has become an increasing concerning in transport companies management around the world. Nowadays, there are many tools available to assist managerials decisions and, one of the most used, is the cost analysis of the life cycle of an asset, known as ''Life Cycle Cost''. Characterized by performing deterministcs analysis of the situation, allows the administration evaluate the process of fleet replacement however is limited by not contemplating certain intrinsic va… Show more

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Cited by 14 publications
(7 citation statements)
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“…The discounted value of vehicle price, also as a form of financing options, should be contained within economic factors in the model for fleet replacement [8]. As the vehicle ages and its' technical condition degrades, vehicle selling price decreases as well, while transport and maintenance costs tend to increase [31]. One of the factors that influence transport (operating) costs is fuel/energy consumption [18].…”
Section: Vehicle Procurement Criteriamentioning
confidence: 99%
“…The discounted value of vehicle price, also as a form of financing options, should be contained within economic factors in the model for fleet replacement [8]. As the vehicle ages and its' technical condition degrades, vehicle selling price decreases as well, while transport and maintenance costs tend to increase [31]. One of the factors that influence transport (operating) costs is fuel/energy consumption [18].…”
Section: Vehicle Procurement Criteriamentioning
confidence: 99%
“…Moreover, Polyviou [36] further expands DBFM to develop SIBUFEM (Simulation Incidents Bus Fleet Management) as a model used to address traffic-related incidents. Additionally, Southworth et al [38] state that BFM belongs to a wide range of operation and maintenance (O&M) activities [38,39] aimed at reducing fuel consumption. In contrast, some [40] classify BFM into fleet maintenance and fleet replacement problems [41], where BFM uses a variety of strategies for early replacement [39,[42][43][44] concerning pollution reduction and energy optimisation [45][46][47][48].…”
Section: Bus Fleet Management and Bus Fleet Management Systemmentioning
confidence: 99%
“…However, only a few case study findings exist (Riechi et al , 2017; Pascual et al , 2013; Bivona and Montemaggiore, 2010) on how decisions primarily anchored on fleet policies, interrelated with other company key sub-systems, may lead to undesired results, thereby putting the company’s future development at risk. This research aims at providing an additional study in this last direction.…”
Section: Reframing Traditional Fleet Management Policies Through a System Dynamics Perspectivementioning
confidence: 99%