Hasan BUZZ
Hasan BUZZINTRODUCTION
-Aim:
My aim is to thoroughly investigate how the total cost of running a fleet car could be kept to a minimum. Having completed this investigation I will then make a recommendation to Lee on how this could be achieved.
Lee is the fleet manager of Three C�s trading Company, whom maintains a fleet of cars for its executives. Part of her job is to allocate the cars as efficiently as possible so the cost to the company is at a minimum.
The hourly cost of running a car, , is modelled by;
Where, and are arbitrary constants and (km/h) is the average speed of the car. There fore generally the cost is related to the average speed with which the car will be driven.
-Assumptions
When talking about a car, the car in question is one of the Three C�s Trading Company�s fleet cars that Lee is responsible for
The hourly cost of running a car, , is modelled by
is the variable that represents the average speed of a journey in terms of km/h
is a fixed cost related to registration and insurance of a the car
and are fixed costs related to operation costs such as petrol, oil, tyres and maintenance of the car
The cars will be driven on roads where the max speed limit is 60 km/h for roads in the city or towns, and 110 km/h for roads outside the city or town.
On sections of road, recommended speeds may be less than the max limit due to road conditions.
The cars will not be driven above the max speed limits
The total cost of running a car at an average speed of v km/h for a journey taking t hours is .
of a journey depends on average speed and , distance covered.