Fleet – Life Cycle

Project Details
STATUS

In-Progress

START DATE

06/13/23

END DATE

06/30/25

RESEARCH CENTERS InTrans, CMAT
SPONSORS

Minnesota Department of Transportation

Researchers
Principal Investigator
Jennifer Shane

Director, CMAT

About the research

Fleet managers are continuously challenged with determining the optimal equipment replacement time based on increasing operation costs and decreasing economic value. In addition, they are challenged with determining if a lease or purchase provides the greatest value. Compounding upon these challenges, new equipment purchases and leases can create a negative perception among the general public. This first phase of this researchwhich consists of a literature review, survey to Minnesota Local Road Research Board (LRRB) members, and followup case studiesis strategically designed to understand existing decision support models and methods, quantitative data, and constraints that agencies have when determining the optimal equipment replacement. The second phase of this researchwhich consists of tool development, validation, and trainingis intended to meet the identified challenges and support lifecycle cost analysis (LCCA). This tool will provide quantifiable support for the decisionmaking process, enabling agencies to make defensible decisions.

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