AI Based Salvage Value System for Scrap Vehicles

Dr. Suman Kumar Swarnkar; Ms. Ayushi Sharma; Mr. Piyush Singhania; Mr. Devansh Khandelwal

doi:10.59367/ijfiest.v1i1.7

Authors

Dr. Suman Kumar Swarnkar Assistant Professor
Ms. Ayushi Sharma Computer Science & Engineering Shri Shankaracharya Institute of Professional Management and Technology, Raipur Chhattisgarh, India
Mr. Piyush Singhania Computer Science and Engineering, Shri Shankaracharya Institute of Professional Management and Technology, Raipur Chhattisgarh, India
Mr. Devansh Khandelwal Computer Science and Engineering, Shri Shankaracharya Institute of Professional Management and Technology, Raipur Chhattisgarh, India

DOI:

https://doi.org/10.59367/ijfiest.v1i1.7

Keywords:

Scrap Vehicle, Fragmented components, Valuation, Reuse, Depreciation

Abstract

The Web Application AI Based Salvage Value System for Scrap Vehicles can be used for calculation of scrap vehicle value and the fragmented component value of scrap vehicle. The project is an economic alternative to Vehicle Scrappage Policy 2021 and provides an ease of vehicle value evaluation within fraction of seconds at fingertips. Using this application, the user gets quality comparison for the price of old scrape vehicle as a consequence of the calculation based on snippets of the vehicle. As the price value of evaluation in this application is based on quality and age of the components therefore it may result in price better than that of the market evaluated value. The project is not only economically beneficial but also very important in the view of environment as it involves recycling and reuse of components of scrap vehicle.

Author Biographies

Dr. Suman Kumar Swarnkar, Assistant Professor
Ms. Ayushi Sharma, Computer Science & Engineering Shri Shankaracharya Institute of Professional Management and Technology, Raipur Chhattisgarh, India
Mr. Piyush Singhania , Computer Science and Engineering, Shri Shankaracharya Institute of Professional Management and Technology, Raipur Chhattisgarh, India
Mr. Devansh Khandelwal , Computer Science and Engineering, Shri Shankaracharya Institute of Professional Management and Technology, Raipur Chhattisgarh, India

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