![]() Spreadsheet tool that is simple to use to perform the life cycle cost analysis. The lifecycle optimisation problem in fleets. The objective of this research is to determine the cost elements to be considered in Thereby optimising the assets utilisation. Substantially more economical way of minimising the total costs of ownership and Recommended for fleet managers in industry as research has shown that it is a The application of the process expounded by this research is Life gives the point at which the minimum equivalent annual costs occur (Blank and This research presents the development of an economic service life model thatĬalculates the most economic time to replace a fleet vehicle. In conclusion, in measuring and estimating the costs of maintenance and operation of the vehicle, one must consider every angle of the cost of the vehicle particularly in the course of defensive assets. This paper attempts to present an overview of literature studies concerned in operating and maintenance cost and further narrowing down to the variables and methods made possible by previous studies which strengthens the main purpose of this study. This study developed a model truck maintenance cost for 3 -Ton 4 x 4 which covered the cost of maintenance and operation from existing literature and comprehensive reports by global transportation departments. There are previous studies examining factors or key parameters that determine the maintenance cost of the vehicle as well as the divergence of statistical techniques and method from time to time. ![]() Such variables are fuel, maintenance, tires, repairs, depreciation data on battery and tire replacement. Hence, the study found variables that contributed to the increase in operating costs. ![]() The cost of defense vehicles maintenance is seen as a major contributor towards operating cost increment.
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