Determining a vehicle operating cost model for Sri Lanka

Abstract

Vehicle Operating Cost (VOC) models are essential tools for individuals, businesses, fleets operators, and policymakers who want to accurately estimate the costs associated with owning and operating a vehicle. These models consider various factors, such as fuel consumption, maintenance costs, and depreciation, to provide a comprehensive view of the total cost of ownership. However, selecting the best one can be challenging with so many models available. This research aims to evaluate and compare different global vehicle operating cost models to identify the best one. The study will use a qualitative method, including expert opinions. The evaluation criteria will include accuracy, ease of use, flexibility, and cost-effectiveness. The findings of this research will provide valuable insights for those who rely on vehicle operating cost models to make informed decisions about their transportation needs. By using the best model, they can minimize their costs, optimize their resources, and improve their overall efficiency.