Economic Performance Model of New Energy Vehicles Based on Linear Programming

Yu Ning Wang; Hui Ming Zeng; Bin Xiang Hu

doi:10.4028/www.scientific.net/AMM.389.97

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vol. 389Economic Performance Model of New Energy Vehicles...

Economic Performance Model of New Energy Vehicles Based on Linear Programming

Abstract:

In order to evaluate the economy performance of new energy vehicles, the life-cycle cost theory is applied. A formula of quantitative analysis in combination is adopted to have in-depth study on the life-cycle cost of new energy vehicles. Analysis and argumentation are also conducted in comparison pure-electric vehicles, hybrid electric vehicles and traditional oil-fueled vehicles under the condition of present oil price, the analysis result shows that if despite the battery cost, PEV costs the fewest because of the lowest operation costs and energy costs, the cost of HEV is at a middle level. Therefore, customers and manufacturers may become more interested in PEV than in other solutions. Furthermore, a decision tool by setting up a cost model based on linear programming theory is developed, economic influence factors for the application of new energy vehicles are further discussed through sensitivity analysis.

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Periodical:

Applied Mechanics and Materials (Volume 389)

Pages:

97-101

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.389.97

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Online since:

August 2013

Authors:

Yu Ning Wang, Hui Ming Zeng, Bin Xiang Hu

Keywords:

Economic Performance, Energy Vehicles, Life Cycle Cost (LCC), Linear Programming Model

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