How is the Vehicle Operational Cost calculated?
Vehicle Operating Cost (VOC) refers to the cost of vehicle usage. VOC is calculated by multiplying the total distance traveled by the vehicle with the cost per mile (CPM). The default value of the cost per distance is $0.71. Depending on the customer's needs, CPM can be modified to a more suitable value.
To change the cost per distance of a vehicle:
- Navigate to the Vehicles page, under the ADMIN tab.
- Click the edit button (pencil icon) corresponding to the vehicle.
- Enter the new cost per distance value in the Cost Per Mile text box.
- Click the Submit button.
To change the cost per distance for the entire fleet:
- Navigate to the Config page, under the ADMIN tab.
- Select Web and then select General tab.
- Enter the new cost per distance value in the Cost per distance tab text box.
- Click the Save button.