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...

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Tipo de recurso:
Fecha de publicación:
2016
Institución:
Universidad Pedagógica y Tecnológica de Colombia
Repositorio:
RiUPTC: Repositorio Institucional UPTC
Idioma:
spa
OAI Identifier:
oai:repositorio.uptc.edu.co:001/14142
Acceso en línea:
https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629
https://repositorio.uptc.edu.co/handle/001/14142
Palabra clave:
automotive Market
fuel Efficiency
stated-preference surveys
willingness to pay
disposición a pagar
encuestas de preferencias declaradas
mercado automotor
rendimiento del combustible
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License
http://purl.org/coar/access_right/c_abf54
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spelling 2016-05-032024-07-05T19:11:28Z2024-07-05T19:11:28Zhttps://revistas.uptc.edu.co/index.php/ingenieria/article/view/462910.19053/01211129.4629https://repositorio.uptc.edu.co/handle/001/14142The 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.application/pdftext/htmlspaspaUniversidad Pedagógica y Tecnológica de Colombiahttps://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629/3800https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629/5051Revista Facultad de Ingeniería; Vol. 25 No. 42 (2016); 55-66Revista Facultad de Ingeniería; Vol. 25 Núm. 42 (2016); 55-662357-53280121-1129automotive Marketfuel Efficiencystated-preference surveyswillingness to paydisposición a pagarencuestas de preferencias declaradasmercado automotorrendimiento del combustibleFuel efficiency effect on car buying choiceEfecto del rendimiento del combustible en la decisión de compra de vehículoinvestigationinvestigacióninfo:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a137http://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/access_right/c_abf54http://purl.org/coar/access_right/c_abf2Morales-Rodríguez, Julián EduardoOrtiz-Durán, Deysy JeannetteMárquez-Díaz, Luis Gabriel001/14142oai:repositorio.uptc.edu.co:001/141422025-07-18 11:53:14.401metadata.onlyhttps://repositorio.uptc.edu.coRepositorio Institucional UPTCrepositorio.uptc@uptc.edu.co
dc.title.en-US.fl_str_mv Fuel efficiency effect on car buying choice
dc.title.es-ES.fl_str_mv Efecto del rendimiento del combustible en la decisión de compra de vehículo
title Fuel efficiency effect on car buying choice
spellingShingle Fuel efficiency effect on car buying choice
automotive Market
fuel Efficiency
stated-preference surveys
willingness to pay
disposición a pagar
encuestas de preferencias declaradas
mercado automotor
rendimiento del combustible
title_short Fuel efficiency effect on car buying choice
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_sort Fuel efficiency effect on car buying choice
dc.subject.en-US.fl_str_mv automotive Market
fuel Efficiency
stated-preference surveys
willingness to pay
topic automotive Market
fuel Efficiency
stated-preference surveys
willingness to pay
disposición a pagar
encuestas de preferencias declaradas
mercado automotor
rendimiento del combustible
dc.subject.es-ES.fl_str_mv disposición a pagar
encuestas de preferencias declaradas
mercado automotor
rendimiento del combustible
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.
publishDate 2016
dc.date.accessioned.none.fl_str_mv 2024-07-05T19:11:28Z
dc.date.available.none.fl_str_mv 2024-07-05T19:11:28Z
dc.date.none.fl_str_mv 2016-05-03
dc.type.en-US.fl_str_mv investigation
dc.type.es-ES.fl_str_mv investigación
dc.type.none.fl_str_mv info:eu-repo/semantics/article
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.version.spa.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.coarversion.spa.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a137
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629
10.19053/01211129.4629
dc.identifier.uri.none.fl_str_mv https://repositorio.uptc.edu.co/handle/001/14142
url https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629
https://repositorio.uptc.edu.co/handle/001/14142
identifier_str_mv 10.19053/01211129.4629
dc.language.none.fl_str_mv spa
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629/3800
https://revistas.uptc.edu.co/index.php/ingenieria/article/view/4629/5051
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
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rights_invalid_str_mv http://purl.org/coar/access_right/c_abf54
http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv application/pdf
text/html
dc.publisher.en-US.fl_str_mv Universidad Pedagógica y Tecnológica de Colombia
dc.source.en-US.fl_str_mv Revista Facultad de Ingeniería; Vol. 25 No. 42 (2016); 55-66
dc.source.es-ES.fl_str_mv Revista Facultad de Ingeniería; Vol. 25 Núm. 42 (2016); 55-66
dc.source.none.fl_str_mv 2357-5328
0121-1129
institution Universidad Pedagógica y Tecnológica de Colombia
repository.name.fl_str_mv Repositorio Institucional UPTC
repository.mail.fl_str_mv repositorio.uptc@uptc.edu.co
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