The Projected Cost To Implement and Operate an Automatic Guided Vehicles Loading System Over a 15-Year Period in South Korea Was Estimated at $20,125,163.

South Korean Study on Automated Guided Vehicles Assessed Productivity and Environmental Impacts.

Made Public Date
12/13/2022
Identifier
2022-SC00520
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Summary Information

Automatic Guided Vehicles (AGVs) have been successfully used at cargo terminals to reduce operating costs and improve productivity. This study focused on automating Roll-On/Roll-Off (RORO) terminal operations by using AGVs, and evaluated the impact of AGVs on the productivity, cost efficiency, and environment. For this purpose, a series of simulation models were developed in 2021 based on the current loading system (non-AGV) at an existing port in South Korea. In addition, a cost model was developed to analyze the economic and environmental benefits of AGVs compared with the current loading system.

A cost model was used to calculate the total operating costs of the port for a 15-year period with the optimal number of AGVs (the minimum number of AGVs that matched the productivity of the current loading system). Based on the two AGV scenarios simulated in this study, the AGV loading process required a minimum of 29 AGVs. Therefore, the optimal number of AGVs considered for the cost analysis was 29, with a 20 percent increase to include six additional AGVs as spare to account for vehicle failure and a charge rotation. AGVs were assumed to have a lifespan of 10 year. The following estimations were based on 2021 values and exchange rates.

  • The unit capital cost for an AGV was estimated as €150,000 ($177,347) based on expert speculation (conservative estimate).
  • Total operation cost (including the cost to purchase AGVs) for an AGV loading system was estimated to be €17,021,863 ($20,125,163) over a 15-Year period.

Automatic Guided Vehicles Introduction Impacts to Roll-On/Roll-Off Terminals: Simulation and Cost Model Analysis

Automatic Guided Vehicles Introduction Impacts to Roll-On/Roll-Off Terminals: Simulation and Cost Model Analysis
Source Publication Date
01/30/2022
Author
Park, Sang Hyung; Jeho Hwang; Sohyun Yun; and Sihyun Kim
Publisher
Prepared by Korea Maritime and Ocean University for the Journal of Advanced Transportation
Other Reference Number
Volume 2022, Article ID 6062840
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