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All Journal Pena Teknik : Jurnal Ilmiah Ilmu-ilmu Teknik
Sekarningtyas , Hikmah
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Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Electrical & Electronics Engineering Mechanical Engineering Transportation

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Selection of Primary Land Transportation Fleet Using Vehicle Operational Cost (VOC) Method in Logistics Companies Ardiansyah, Dicky Candra; Jasmine, Tamara Latifah; Sekarningtyas , Hikmah
PENA TEKNIK: Jurnal Ilmiah Ilmu-Ilmu Teknik VOLUME 10 NUMBER 2 SEPTEMBER 2025
Publisher : Faculty of Engineering, Andi Djemma University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51557/sqmhpw38

Abstract

The selection of transportation fleets plays a crucial role in determining the cost efficiency of logistics operations. This study aims to evaluate the feasibility of investing in company-owned vehicles compared to using third-party rental services on the Bandung–KTSH route operated by the Bandung Branch Office of PT Pos Logistik Indonesia. Using a quantitative approach with a causal associative design, this research applies the Vehicle Operating Cost (VOC) method supported by investment feasibility analysis tools including Cash Flow, Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PBP). The analysis shows that the average daily operational cost of company-owned vehicles reaches IDR 1.904.479, which is higher than the rental cost of IDR 1.865.385 per day. Additionally, the results show a negative NPV (–IDR 150,550,343), negative IRR (–35.1%), and an unattainable payback period within the 5-year investment horizon. Therefore, it is concluded that using leased vehicles is more cost-efficient than investing in company-owned trucks for this specific route.   DOI: https://doi.org/10.51557/sqmhpw38
Co-Authors Ardiansyah, Dicky Candra Jasmine, Tamara Latifah