Assessment of investment in electric buses: A case study of a public transport company

This case study presents an assessment of the efficiency and risk of the vehicle fleet renewal in the public transport company. The investment project is solved in two alternatives. The first alternative consists of vehicle replacement by only electric buses. In the second alternative, a combination...

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Autores principales:	Fabianova Jana, Janekova Jaroslava
Formato:	article
Lenguaje:	EN
Publicado:	De Gruyter 2021
Materias:	green investing electric buses transport simulation Engineering (General). Civil engineering (General) TA1-2040
Acceso en línea:	https://doaj.org/article/36db33d452da4e7793704f822b8b9089
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id	oai:doaj.org-article:36db33d452da4e7793704f822b8b9089
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spelling	oai:doaj.org-article:36db33d452da4e7793704f822b8b90892021-12-05T14:10:47ZAssessment of investment in electric buses: A case study of a public transport company2391-543910.1515/eng-2021-0089https://doaj.org/article/36db33d452da4e7793704f822b8b90892021-09-01T00:00:00Zhttps://doi.org/10.1515/eng-2021-0089https://doaj.org/toc/2391-5439This case study presents an assessment of the efficiency and risk of the vehicle fleet renewal in the public transport company. The investment project is solved in two alternatives. The first alternative consists of vehicle replacement by only electric buses. In the second alternative, a combination of electric buses and CNG buses is considered. Assessment of the economic efficiency of the investment project is based on the net present value (NPV). Due to lower initial and ongoing capital expenditures, the second alternative is more cost-effective than the first one although the profitability of the investment project is low. Within risk assessment, sensitivity analysis points out the subsidy and personal costs as the risk factors influencing variance of NPV the most. Finally, the effectiveness of the investment project is assessed at different levels of the use of financial support from EU funds and the state budget. In that case, even a low level of financial support significantly increased the profitability of the project.Fabianova JanaJanekova JaroslavaDe Gruyterarticlegreen investingelectric busestransportsimulationEngineering (General). Civil engineering (General)TA1-2040ENOpen Engineering, Vol 11, Iss 1, Pp 907-914 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	green investing electric buses transport simulation Engineering (General). Civil engineering (General) TA1-2040
spellingShingle	green investing electric buses transport simulation Engineering (General). Civil engineering (General) TA1-2040 Fabianova Jana Janekova Jaroslava Assessment of investment in electric buses: A case study of a public transport company
description	This case study presents an assessment of the efficiency and risk of the vehicle fleet renewal in the public transport company. The investment project is solved in two alternatives. The first alternative consists of vehicle replacement by only electric buses. In the second alternative, a combination of electric buses and CNG buses is considered. Assessment of the economic efficiency of the investment project is based on the net present value (NPV). Due to lower initial and ongoing capital expenditures, the second alternative is more cost-effective than the first one although the profitability of the investment project is low. Within risk assessment, sensitivity analysis points out the subsidy and personal costs as the risk factors influencing variance of NPV the most. Finally, the effectiveness of the investment project is assessed at different levels of the use of financial support from EU funds and the state budget. In that case, even a low level of financial support significantly increased the profitability of the project.
format	article
author	Fabianova Jana Janekova Jaroslava
author_facet	Fabianova Jana Janekova Jaroslava
author_sort	Fabianova Jana
title	Assessment of investment in electric buses: A case study of a public transport company
title_short	Assessment of investment in electric buses: A case study of a public transport company
title_full	Assessment of investment in electric buses: A case study of a public transport company
title_fullStr	Assessment of investment in electric buses: A case study of a public transport company
title_full_unstemmed	Assessment of investment in electric buses: A case study of a public transport company
title_sort	assessment of investment in electric buses: a case study of a public transport company
publisher	De Gruyter
publishDate	2021
url	https://doaj.org/article/36db33d452da4e7793704f822b8b9089
work_keys_str_mv	AT fabianovajana assessmentofinvestmentinelectricbusesacasestudyofapublictransportcompany AT janekovajaroslava assessmentofinvestmentinelectricbusesacasestudyofapublictransportcompany
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Assessment of investment in electric buses: A case study of a public transport company

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