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dc.contributor.authorSutcu, Muhammed
dc.date.accessioned2021-02-16T08:27:52Z
dc.date.available2021-02-16T08:27:52Z
dc.date.issued02.01.2020en_US
dc.identifier.issn1942-7867
dc.identifier.issn1942-7875
dc.identifier.urihttps://doi.org/10.1080/19427867.2018.1501964
dc.identifier.urihttps://hdl.handle.net/20.500.12573/560
dc.descriptionThis work was supported by the TUBITAK.en_US
dc.description.abstractIn this paper, we reveal a complete picture of ownership-related expenses and construct a decision model which helps decision maker to make the best choice when purchasing an automobile. The decision model helps the customers to understand what a car will cost beyond its purchase price when customers consider out-of-pocket expenses like fuel, repair, and insurance. Moreover, decision maker's preferences need to be elicited thowever, elicitation of these preferences is difficult when preferential dependencies exist or possible number of uncertainties is high. Therefore, we approximate representative joint probability distributions of a decision maker with partial information. We use a database of sedan models of all automobile brands and run a simulation to analyze the total cost of ownership of driving a car for 5 years. We found that even more expensive car could save more money over the first 5 years of ownership.en_US
dc.description.sponsorshipTurkiye Bilimsel ve Teknolojik Arastirma Kurumu (TUBITAK)en_US
dc.language.isoengen_US
dc.publisherTAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OR14 4RN, OXON, ENGLANDen_US
dc.relation.isversionof10.1080/19427867.2018.1501964en_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectmaximum cumulative entropyen_US
dc.subjectmaximum entropyen_US
dc.subjectcumulative residual entropyen_US
dc.subjectentropyen_US
dc.subjectPartial informationen_US
dc.titleEffects of total cost of ownership on automobile purchasing decisionsen_US
dc.typearticleen_US
dc.contributor.departmentAGÜ, Mühendislik Fakültesi, Makine Mühendisliği Bölümüen_US
dc.identifier.volumeVolume: 12en_US
dc.identifier.issue1en_US
dc.identifier.startpage18en_US
dc.identifier.endpage24en_US
dc.relation.journalTRANSPORTATION LETTERS-THE INTERNATIONAL JOURNAL OF TRANSPORTATION RESEARCHen_US
dc.relation.tubitakTUBITAK
dc.relation.publicationcategoryMakale - Uluslararası - Editör Denetimli Dergien_US


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