Economic Feasibility Analysis Of Passenger Car Test Facility Procurement Project

With the substantial growth of the passenger car market in China, major car companies and parts suppliers start to make large investment in setting up the test bases and upgrading test facilities in order to improve the test ability, and thus achieve an early accomplishment of independent R&D ability.Based on the relevant theory of project economic feasibility analysis, this paper compares the differences between test facilities and manufacture facilities in supporting facilities, maintenance costs, economic benefit and facilities utilization. And then, take the electric steering machine test bench for example, describes the project objectives, necessity and technical requirements, analyses and compares three plans of "Newly Procurement", "Existing Facility Upgrade" and "Outsourcing", and at last find a way to make the decision:Firstly, according to the estimation of the restoration fee and annual expenditure and thus the annual cost, choose the "Newly Procurement" plan as the alternative plan. Secondly, according to the estimation of the initial investment, cost, income and other basic parameters, prove the high economic benefit of the project based on the NPV and IRR. Thirdly, according to the statistics of annual plans and completion of these plans, start the uncertainty analysis based on the analysis of the break even and sensitivity.Through research, this thesis provides quantified economic basis for the project "electric steering machine test bench" and references for the plan selection and economic feasibility analysis of passenger car test facilities procurement projects.