MATHEMATICAL MODEL FOR THE PREDICTION OF LIFE CYCLE COSTS OF TRANSPORTATION MEANS.

Abstract

        The given mathematical model may be used for preliminary determination of life cycle costs of transportation means (train, automobile...). The result is applicable, especially for the selection of a supplier for upgrading and modernization of transportation means. In many cases, the acquisition decisions of many engineering systems, particularly expensive ones, are not made based on initial procurement costs but rather on their life cycle costs.