Finance and pricing, Advanced
Idle Time Cost Reduction Calculator
Quantify the cost of vehicles idling (engine on, no productive work) and the saving from a
Formula: monthly_idle_cost_now = fleet_size * avg_idle_hours_per_vehicle_per_day * operating_days_per_month * idle_fuel_per_hour_litres * fuel_cost_per_litre; monthly_savings_after_program = fleet_size * avg_idle_hours_per_vehicle_per_day * operating_days_per_month * idle_fuel_per_hour_litres * fuel_cost_per_litre * expected_reduction_pct / 100; annual_savings = fleet_size * avg_idle_hours_per_vehicle_per_day * operating_days_per_month * idle_fuel_per_hour_litres * fuel_cost_per_litre * expected_reduction_pct / 100 * 12
Quantify the cost of vehicles idling (engine on, no productive work) and the saving from a reduction programme.
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Formula
monthly_idle_cost_now = fleet_size * avg_idle_hours_per_vehicle_per_day * operating_days_per_month * idle_fuel_per_hour_litres * fuel_cost_per_litre; monthly_savings_after_program = fleet_size * avg_idle_hours_per_vehicle_per_day * operating_days_per_month * idle_fuel_per_hour_litres * fuel_cost_per_litre * expected_reduction_pct / 100; annual_savings = fleet_size * avg_idle_hours_per_vehicle_per_day * operating_days_per_month * idle_fuel_per_hour_litres * fuel_cost_per_litre * expected_reduction_pct / 100 * 12Use for estimation. Verify safety-critical calculations with qualified review.