Fuel efficiency effect on car buying choice
The results of a research to study the fuel efficiency effect in acquiring a new vehicle are presented. The methodology is based on applying a stated preference survey in the context of a choice experiment with two unlabeled alternatives, which are characterized by the car cost and fuel efficiency.B...
| Main Authors: | , , |
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2016
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| Online Access: | https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629 |
| _version_ | 1801706073433833472 |
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| author | Morales-Rodríguez, Julián Eduardo Ortiz-Durán, Deysy Jeannette Márquez-Díaz, Luis Gabriel |
| author_facet | Morales-Rodríguez, Julián Eduardo Ortiz-Durán, Deysy Jeannette Márquez-Díaz, Luis Gabriel |
| author_sort | Morales-Rodríguez, Julián Eduardo |
| collection | OJS |
| description | The results of a research to study the fuel efficiency effect in acquiring a new vehicle are presented. The methodology is based on applying a stated preference survey in the context of a choice experiment with two unlabeled alternatives, which are characterized by the car cost and fuel efficiency.Based on the data collected, a Multinomial Logit model was estimated, which allowed to study different choice scenarios. On average, it was found that individuals are willing to pay up to 1.020.000 Colombian pesos by a new vehicle which improves fuel efficiency at 1 kilometer/gallon. This value may be useful as reference for the automotive industry in the effort to produce higher performance vehicles. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-4629 |
| institution | Revista Facultad de Ingeniería |
| language | spa |
| publishDate | 2016 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-46292022-06-15T16:22:49Z Fuel efficiency effect on car buying choice Efecto del rendimiento del combustible en la decisión de compra de vehículo Morales-Rodríguez, Julián Eduardo Ortiz-Durán, Deysy Jeannette Márquez-Díaz, Luis Gabriel automotive Market fuel Efficiency stated-preference surveys willingness to pay disposición a pagar encuestas de preferencias declaradas mercado automotor rendimiento del combustible The results of a research to study the fuel efficiency effect in acquiring a new vehicle are presented. The methodology is based on applying a stated preference survey in the context of a choice experiment with two unlabeled alternatives, which are characterized by the car cost and fuel efficiency.Based on the data collected, a Multinomial Logit model was estimated, which allowed to study different choice scenarios. On average, it was found that individuals are willing to pay up to 1.020.000 Colombian pesos by a new vehicle which improves fuel efficiency at 1 kilometer/gallon. This value may be useful as reference for the automotive industry in the effort to produce higher performance vehicles. El artículo presenta los resultados de una investigación que se realizó con el propósito de estudiar el efecto del rendimiento del combustible en la adquisición de un vehículo nuevo. La metodología se basó en una encuesta de preferencias declaradas, en el contexto de un experimento de elección de dos alternativas no etiquetadas que se caracterizan por el costo del auto y el rendimiento del combustible. Con los datos acopiados se estimó un modelo Logit Multinomial, que permitió estudiar diferentes escenarios de elección. Se encontró que, en promedio, los individuos están dispuestos a pagar $1.020.000 por mejorar en 1 km/galón el rendimiento del combustible, este valor puede servir de referencia a la industria automotriz en el esfuerzo por producir vehículos de mayor rendimiento. Universidad Pedagógica y Tecnológica de Colombia 2016-05-03 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion investigation investigación application/pdf text/html https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629 10.19053/01211129.4629 Revista Facultad de Ingeniería; Vol. 25 No. 42 (2016); 55-66 Revista Facultad de Ingeniería; Vol. 25 Núm. 42 (2016); 55-66 2357-5328 0121-1129 spa https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629/3800 https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629/5051 |
| spellingShingle | automotive Market fuel Efficiency stated-preference surveys willingness to pay disposición a pagar encuestas de preferencias declaradas mercado automotor rendimiento del combustible Morales-Rodríguez, Julián Eduardo Ortiz-Durán, Deysy Jeannette Márquez-Díaz, Luis Gabriel Fuel efficiency effect on car buying choice |
| title | Fuel efficiency effect on car buying choice |
| title_alt | Efecto del rendimiento del combustible en la decisión de compra de vehículo |
| title_full | Fuel efficiency effect on car buying choice |
| title_fullStr | Fuel efficiency effect on car buying choice |
| title_full_unstemmed | Fuel efficiency effect on car buying choice |
| title_short | Fuel efficiency effect on car buying choice |
| title_sort | fuel efficiency effect on car buying choice |
| topic | automotive Market fuel Efficiency stated-preference surveys willingness to pay disposición a pagar encuestas de preferencias declaradas mercado automotor rendimiento del combustible |
| topic_facet | automotive Market fuel Efficiency stated-preference surveys willingness to pay disposición a pagar encuestas de preferencias declaradas mercado automotor rendimiento del combustible |
| url | https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629 |
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