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Analyzing vehicle total cost of ownership and depreciation factors
International Journal of Agriculture Extension and Social Development · 2024 · Vol. 7(4) · pp. 296–298
Sourajit Acharya✉(Odisha University of Agriculture and Technology)Subhrajit Ray(Odisha University of Agriculture and Technology)Prasanta Kumar Barik(Odisha University of Agriculture and Technology)Sonali Das(Odisha University of Agriculture and Technology)
Abstract
This study presents an in-depth analysis of the various factors contributing to the Total Cost of Ownership (TCO) of vehicles, with a particular focus on depreciation. Utilizing principal component analysis, this research elucidates the complex interplay of costs such as fuel, service, insurance, tyre changes, and their cumulative impact on vehicle ownership over a period of five years.
Vehicle emissions and performanceDepreciation (economics)Total cost of ownershipBusinessService (business)Total costPrincipal (computer security)EconomicsAccountingMicroeconomicsMarketing
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