Basic economic analysis of MOVES-style "safe, equitable, affordable, sustainable, high-quality" mobility systems

Authors:

Floyd Benedikter'23

Christopher Dragomir'20

Jerry He*20

Alain Kornhauser*71

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1. Vehicle & Fleet:

Fleet size: vehicles

Passenger capacity/Vehicle: persons

Average vehicle tripLength: miles

Average vehicle reposition distance: miles

1.2 Vehicle Capital Cost:

Vehicle Unit Cost:
$/unit
Salvage / Trade-in Value
$/unit
Cost of Capital
%, compounded yearly
Vehicle Lifetime
Years

Calculated Vehicle Capital Cost:

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$ / vehicleMile
$ / personTripMile
$ / vehicleDay
$ / vehicleYear
$ . / fleetYear

1.3 Vehicle Operating Cost:

Fuel and Energy: $/vehicleMile
Maintenance Cost (parts) $/vehicleMile
Communication $/vehicleMile
Full Time Equivalent Maintenance FTE/vehicle
Maintenance labor cost $/FTE/Year

Calculated Vehicle Operating Costs:

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$ / vehicleMile
$ / personTripMile
$ / vehicleDay
$ / vehicleYear
$ / fleetYear

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2. Operations and Managment

2.1 Marketing and Advertising costs

Customer loyalty daily rides/customer
Target daily ridership personTrips/day

Budgeted discretionary Marketing & Advertising :
$/year
Cost of customer aquisition $/customer
Customer aquisition target new customers/year
Expected churn lost customers/year

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2.2 Administrative Costs

FTE Administrative/Fleet FTE/Fleet
Administrative labor cost $/FTEyear

Customer retention:
base customers/year

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Marketing and Advertising Costs:
$ / vehicleMile
$ / personTripMile
$ / vehicleDay
$ / vehicleYear
$ / fleetYear

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Calculated Administrative Costs:
$ / vehicleMile
$ / personTripMile
$ / vehicleDay
$ / vehicleYear
$ / fleetYear

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2. Revenue & Ridership

2.1 Basic Fare

$/personTrip

2.2 Vehicle ridership Productivity

Average daily vehicle trips trips/vehicleDay
Average Vehicle Occupancy persons/vehicle
Productivity: personTrips/ vehicleDay
Average personTriplength miles
analysis timeframe vehicleDays

Total Ridership =
personTrips/vehicleYear
personTrips/fleetYear

Total Costs

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$ / VMT
$ / personTripMile
$ / vehicleDay
$ / vehicleYear
$ / fleetYear

Gross Revenue:

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$ / VMT
$ / personTripMile
$ / vehicleDay
$ / vehicleYear
$ / fleetYear

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Net Revenue

$ / VMT
$ / personTripMile
$ / vehicleDay
$ / vehicleYear
$ / fleetYear

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Graph

xAxis: cost vehicleMiles time passengersServed

yAxis: cost vehicleMiles time passengersServed