Introduction:
Fleet composition is a strategic imperative for organizations operating in industries dependent on vehicular or vessel fleets. It is an intricate balancing act aimed at achieving the dual objectives of maximizing profitability over the service life of the fleet while minimizing uni...
Fleet composition is a strategic imperative for organizations operating in industries
dependent on vehicular or vessel fleets. It is an intricate balancing act aimed at achieving the
dual objectives of maximizing profitability over the service life of the fleet while minimizing
unit costs. In this context, a myriad of factors come into play, each demanding careful
consideration and analysis. This comprehensive exploration delves into the key factors that
need to be taken into account when crafting an effective fleet composition strategy. From
the selection of vehicle types to the size of the fleet, from specialization to brand choices,
and from industry dynamics to lifecycle cost analysis, this examination elucidates the critical
elements essential for informed decision-making in the realm of fleet composition.
KEY FACTORS:
Types and Classes of Vehicles/Vessels:
The choice of vehicle or vessel types and classes is pivotal in fleet composition. It's essential
to align the selection with the intended purpose of the fleet. For example, a delivery and
logistics company might require a diverse fleet that includes compact vans for urban
deliveries and larger trucks for long-haul transportation (Smith, 2020). On the other hand, an
airline might need various classes of aircraft, such as passenger planes, cargo planes, and
regional jets, to cater to different markets and routes (Jones et al., 2019). The decision to
specialize in certain types can lead to operational efficiencies. Specialized vehicles, like
refrigerated trucks for the fresh food supply chain, are designed to meet specific industry
needs (Anderson, 2018). However, striking a balance between specialization and versatility is
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