Project Feasibility Study Name Institution SECTION A ABC rental Cars Company The ABC rental cars Company leads in the car hire industry. For the past thirty years, the organization has lead in competition and continues to set a pace for other rental agencies…
Despite having a remarkable growth, there is a need to evaluate alternative fuel vehicles or more hybrid vehicles that align with consumer interests for the company to set the pace in the competitive world and dominate a position in the market place. Currently, gasoline prices have been so high thus affecting the Company’s earnings. Following this, hybrid vehicles are a significant approach to augment a positive change in the organization. The benefit of introducing hybrid cars is that, it will attribute technical and economical benefits. It is worth noting that, hybrid cars will benefit the company and the country that from gasoline saving not affected by high prices of oil. This advantage will also benefit clients as the government gives reductions to taxes attributed by gasoline savings thus overcome much crisis related to oil prices. With this in mind, the future of ABC car hire looks brighter with rapid developments of the hybrid vehicles that will improve the company’s earnings, economical benefit that in turn, benefits consumers. For the past years, the company utilizes gasoline that tends to be a high cost. Baearing this in mind, the United State’s dependency on the foreign oil is extremely high, and with ever shifting concern of the Middle Eastern climate teetering at impulsive level, there is a need to consider hybrid vehicles. ...
te need of this project is that, gasoline has major effects on the health, environment, and the economic change that hybrid vehicles might dissipate if used. In consideration, a hybrid vehicle is the automobile with two or more sources of propulsion power. The hybrid power sources include coal, electricity, radio waves, electromagnetic, liquefied natural gas, solar, and air engine. With no doubt, there are advantages of using different power sources such as, eradicating oil politics. Globally, the Middle East has an extreme authority due to the oil deposits in that region. In this regard, some of the wars in that region have largely affected the oil prices. Following this, if the company has domestic power source for cars, this strong effect on oil prices would not affect the company. As gas prices continues to go up all the time and as climate change becomes more serious, there is a strong need of introducing hybrid cars that use two or more different power sources. Such combination makes these cars lower emissions and increase fuel efficiency compared to traditional gas cars. At these tentative economic times, when fuel efficiency matters, hybrid cars have many benefits over traditional cars that the company has used over years. Section B This section provides an outline of the proposed change and describes how this should be undertaken. To evaluate the viability of the hybrid vehicles; the management will assess the available types of fuel in the company. While there are various options of alternative fuels available, most are impractical. For instance, after carrying a thorough research, I found out that, the most popular power used is gasoline, which tends to be more expensive compared to other power sources. Ultimately, the only economical, practical, and ...
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