File Name: economic analysis and life cycle costing .zip
Life cycle costing is also termed as whole life costing. It is a technique to determine the total cost of ownership.
Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. DOI: The objective of this research is to develop a robust method that permits equipment fleet managers to maximize the cost effectiveness of the fleet by optimizing the overall lifecycle value of each piece in the fleet.
Most sport and recreation facilities in Western Australia are built or refurbished with funding from the department. An important part of the funding process is to make sure the community can bear the true cost of running and maintaining a facility well into the future. These Life Cycle Cost Guidelines provides facility owners, architects and engineers with the tools they need to develop life cycle cost reports that will be used by the department as it considers publicly owned or funded facilities. The guidelines mean analysis and reporting can be standardised to ensure a timely and accurate technical review of your facility or project. The Department of Sport and Recreation is committed to pursuing the most desirable project outcomes that reduce the cost to the sport and recreation industry and the broader community. Life cycle costing is a key asset management tool that takes into account the whole of life implications of planning, acquiring, operating, maintaining and disposing of an asset. The process is an evaluation method that considers all ownership and management costs.
Aug 22 In these times of intensifying international economic competition , producers are searching for ways to gain a sustainable market advantage for their prod ucts , systems , and structures. Acquisitions , mergers , and advertising cam paigns seem unable to create the intrinsic wealth so essential for long - term corporate health. Economic competitiveness is essential for the viability of private and public sector organizations worldwide. The purpose of technical activities of des ig n and analysis is to determine how physical factors may be altered to create the most benefit for the least cost , in terms of product cost , product support cost , and social cost. An overarching goal is to bring high - quality products , systems , and structures into being in response to established needs.
Stresses that LCC can be used at whatever level is chosen estate or, say, a boiler. Explains the timing and mechanism of measurement. Argues that the application of LCC at an early design stage will greatly enhance system design and operation. Offers other pertinent definitions. Norman, G. Report bugs here. Please share your general feedback.
Not a MyNAP member yet? Register for a free account to start saving and receiving special member only perks. This brief presentation of the principles of life-cycle cost analysis is intended as background for the committee's report. Readers seeking a complete discussion of the topic should refer to the literature. Several of the texts available are cited as references in this report. Readers also should refer to Appendix B Glossary of this report. Life-cycle cost analysis is based on the economic principles of discounted cash flow, which allow the analyst to express the value of money spent at any particular time in terms of an equivalent amount spent at any other time.
In the early stages of design and development all these requirements have to be considered in terms of their long-term impacts on the entire product life cycle. The approach discussed in this paper combines quality and value-driven tools with the methodology of life cycle costing including the assessment of environmental aspects. While traditional cost optimising was successful by streamlining operations and returning to core competencies, this approach allows for sustainable cost optimisation in the early stages of product development and correlates with quality planning as well as ecologic product assessment. Based on the Value-Oriented Life Cycle Costing method, product components are evaluated over their life cycle to identify those components incurring high life cycle costs compared to their functional value. In order to achieve an efficient and effective design to life cycle the methods of Quality Function Deployment and Value Analysis are aligned with the methods of Life Cycle Costing and Life Cycle Assessment to be integrated into a comprehensive approach. This paper describes the theoretical background and explains the practical implementation based on a case study.
PDF | Benefit-cost analysis (BCA) is a framework for evaluating the desirability Life-cycle cost analysis (LCCA) has been used for similar purposes, so it the engineering economic principle of "analyzing alternatives over a.
Official websites use. Share sensitive information only on official, secure websites. Purpose Life Cycle Costing LCC is an important economic analysis used in the selection of alternatives that impact both pending and future costs. It compares initial investment options and identifies the least cost alternatives for a twenty year period. In general, LCC is expected to support selection of all building systems that impact energy use: thermal envelope, passive solar features, fenestration, HVAC, domestic hot water, building automation and lighting.
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PDF | On Jan 1, , Wolter J. Fabrycky and others published Life Cycle Cost and Economic Analysis | Find, read and cite all the research you need on.Reply
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