Comparitive Life Cycle Costing for of a Gasoline and a Hybrid Car
COMPARITIVE LIFE CYCLE COSTING FOR OF A GASOLINE AND A HYBRID CAR
Digvesh khot , Narendran Neelagandan
ABSTRACT The depletion of the fossil fuels is emerging as a concern for the whole world. The major sources for the consumption of this fossil fuel are our vehicles that use much of the oil for their operation. The need has been felt to devise the alternative fuel for our vehicles which should be the sustainable option so that it does not contribute to the environmental impacts rigorously. The objective of the comparative analysis is to know the feasibility of the hybrid car against the petrol car. The procedure adopted for the comparative analysis is to do life cycle costing of both the engines by considering the cost, benefits, maintenance and repairs for both the engines. The weight scoring model was also developed to analyze the feasibility of both the engines on the grounds of terms like safety, comfort, emissions and incentives. After completing the comparative analysis the life cycle costing model and the weight scoring model yield the results which were analyzed and the necessary recommendations were made. The results of the comparative analysis revealed that though the Hybrid cars initially cost more, but if they are run for more than 20,000 miles than the total cost per mile is less than the petrol cars. Also weighing model for both the cars gives more weightage to hybrid cars in terms of emissions and incentives.
KEYWORDS: Life Cycle costing, alternative fuels, hybrid vehicles, petrol engines.
LITERATURE REVIEW Today the major problem the whole world is facing is the depletion of fossil fuels. Most of the vehicles run on these fossil fuels. It is estimated that if the consumption of these fossil fuels continues at the same rate then by the end of 2030 the fossil fuels will get reduced by 50% of the current value and the prices will increase by $10/ gallon (Kibert, 2008). To overcome this problem a lot of automobile companies are working on
Digvesh khot , Narendran Neelagandan
ABSTRACT The depletion of the fossil fuels is emerging as a concern for the whole world. The major sources for the consumption of this fossil fuel are our vehicles that use much of the oil for their operation. The need has been felt to devise the alternative fuel for our vehicles which should be the sustainable option so that it does not contribute to the environmental impacts rigorously. The objective of the comparative analysis is to know the feasibility of the hybrid car against the petrol car. The procedure adopted for the comparative analysis is to do life cycle costing of both the engines by considering the cost, benefits, maintenance and repairs for both the engines. The weight scoring model was also developed to analyze the feasibility of both the engines on the grounds of terms like safety, comfort, emissions and incentives. After completing the comparative analysis the life cycle costing model and the weight scoring model yield the results which were analyzed and the necessary recommendations were made. The results of the comparative analysis revealed that though the Hybrid cars initially cost more, but if they are run for more than 20,000 miles than the total cost per mile is less than the petrol cars. Also weighing model for both the cars gives more weightage to hybrid cars in terms of emissions and incentives.
KEYWORDS: Life Cycle costing, alternative fuels, hybrid vehicles, petrol engines.
LITERATURE REVIEW Today the major problem the whole world is facing is the depletion of fossil fuels. Most of the vehicles run on these fossil fuels. It is estimated that if the consumption of these fossil fuels continues at the same rate then by the end of 2030 the fossil fuels will get reduced by 50% of the current value and the prices will increase by $10/ gallon (Kibert, 2008). To overcome this problem a lot of automobile companies are working on
Bibliography: autochannel. (2008). comparison of hybrid cars and petrol engine cars for miles travelled. Retrieved 11 24, 2008, from www.autochannel.com. Avraham Shtub, j. F. (2005). Project management process, methodology and economics. upper saddle river, new jersey: pearson, prantice hall. edmund. (2008). cost comparison data for hybrid and petrol cars. Retrieved 11 24, 2008, from www.edmund.com. environmental protection agency. (2008). emissions for hybrid and petrol engines. Retrieved 11 29, 2008, from www.epa.gov. Environmental protection agency. (2008). fuel cost for hybrid and petrol engines. Retrieved 11 29, 2008, from www.epa.gov. H. Paul Barringer, P. D. (1996). Life Cycle Cost Tutorial. Houston, Texas: Marriott Houston Westside. Heather L. MacLean, e. (2000). A Life-Cycle Comparison of Alternative Automobile Fuels. journal of the air and waste management association , 1769-1779. honda USA. (2008). hybrid cars and petrol cars. Retrieved 11 24, 2008, from www.honda.com. Jeremy Hackney, R. d. (1999). Life cycle model of alternative fuel vehicles: emissions, energy,and cost trade-offs. science direct journal , 243-267. lester lave, h. m. (2000). life cycle analysis of automobile fuel/propulsion technologies. environmental science and technology , 1600-1698. Steven Kmenta, K. I. (2000). SCENARIO-BASED FMEA: A LIFE CYCLE COST PERSPECTIVE. Baltimore, Maryland: ASME. the fuel cell vehicle analysis of enegy use, emission and cost . (1998). pergamon , 381-385. Timothy E. Lipman, M. A. (2003). Hybrid-Electric Vehicle Design Retail and Lifecycle Cost Analysis. Berkeley, California 94720: Energy and Resources Group. wikipedia. (2008). hybrid engines and petrol ngines. Retrieved 10 29, 2008, from www.wikipedia.com. Kibert, C. J. (2008). Sustainable Construction . New Jersey: John Willey and Sons.