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Transit Bus Fleet Age And Replacement Type Optimization, Miguel A. Figliozzi, Wei Feng, Jesse Boudart

Civil and Environmental Engineering Faculty Publications and Presentations

Due to recent budget and fiscal constraints, it is ever more imperative for transit agencies to manage their fleets in an optimal way. Fleet data have consistently shown that bus operational and maintenance (O&M) per-mile costs increase as buses age. From a purely economic perspective, there is a cost tradeoff between the lower O&M costs of newer fleets and their higher initial capital costs. This tradeoff has a significant impact on the optimal timing of purchase and replacement decisions. Utilizing realistic cost data and an optimization modeling framework, we analyze (a) the impact of purchase timing decisions on fleet per-mile …