A Model for Predicting Motor Vehicle Life Cycle Cost and its Verification

In the paper there is a draft of a general model to be used for calculating life cycle costs and determining an optimum period of durability of a motor vehicle. This model is created in the MATLAB software environment. The paper contains calculations and input data which are necessary for making a model that would predict motor vehicle life cycle costs and determine the optimum period of durability. The suggested model might be used for working out life cycle costs of a new vehicle type for which the costs have not been determined yet. This model can also be applied when comparing several types of motor land vehicles of the same category during purchase. It is advisable to use the model mainly during tenders, since life cycle costs are one of the major criterion when selecting a supplier. The model enables us to calculate not only life cycle costs, but also vehicle amortization which depends upon mileage and age of a vehicle. All cumulative values might be transformed into unit values related to the mileage