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Total operating cost

28.07.2013 21:41

Total operating cost

1) In connection with vehicle costing, a combination of fixed (ie standing), variable (ie running) and overhead (ie establishment) costs. In effect, the figure which indicates to an own-account operator what his vehicles cost to own and run and to a haulier the basis on which he calculates his profit margin.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.249 (288 p.)

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