* Total Cost of Ownership (TCO): TCO analysis considers all costs associated with the lifecycle of an asset.
* Fleet Automobiles: For fleet automobiles, TCO includes acquisition, operation, maintenance, and disposal costs.
* Disposal Costs: These are the costs related to the disposal of the vehicle at the end of its useful life, including resale value or recycling costs.
* Comprehensive Analysis: Including disposal in TCO ensures that all potential costs are considered, providing a complete picture of the financial impact of owning and operating the fleet.
References
* ISM. (n.d.). Total Cost of Ownership (TCO) Analysis.
* CIPS. (n.d.). Understanding Total Cost of Ownership in Procurement.