Life Cycle Costing

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Life Cycle Costing

Author : B. Dhillon
ISBN : 9781136773860
Genre : Business & Economics
File Size : 51.5 MB
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Product acquisition involves an examination of the support cost of major equipment over its total life years. Depending on the type of equipment, support costs may range from 10 to 100 times the cost of acquisition. 'Life Cycle Costing: Techniques, Models and Applications' offers a comprehensive approach to the entire field, and treats it in such a way that the reader requires no previous knowledge to understand the contents. It covers all advances and recent progress in life cycle costing from its history and definitions to current approaches. It is fully referenced for deeper study in any specific area (there are over 1150 references with an appendix) and contains more than 50 examples with their solutions. Subjects covered include reliability improvement warranty, computer hardware and software costing, vehicles life cycle costing, reliability engineering, life cycle costing in the aircraft industry, and processing systems costing. This work is intended for all engineers and senior students of engineering or business administration, administrators, cost analysts, researchers, academics, and anyone involved with equipment procurement.
Category: Business & Economics

Life Cycle Costing For Construction

Author : J.W. Bull
ISBN : 9781135697853
Genre : Architecture
File Size : 38.24 MB
Format : PDF
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The construction industry is becoming increasingly aware of the need to adopt a holistic approach to the design, building, and disposal of structures. With 60 per cent of the total construction budget in most developed countries being spent on repair and maintenance, there is an obvious need to design for reliability and durability, with more carefully planned maintenance and repair schedules. One important facet is to look at how costs are distributed and spent during the lifetime of a structure: an approach known as life cycle costing, which has the ultimate aim of minimising total lifetime expenditure. As an example, choosing an inexpensive coating for steelwork may require maintenance every three years, whereas a coating which is more expensive may require repairing only once per decade. It is a question of balance - taking the lifetime costs of the structure into consideration. This new book provides an insight into how whole life costing is affecting our approach to designing, building, maintaining and disposing of structures. The book is written for consulting engineers in the fields of civil and structural engineering, building designers, architects, quantity surveyors, refurbishing specialists, as well as practising civil and structural engineers engaged in planning, design, construction, repair and refurbishment of structures.
Category: Architecture

Life Cycle Costing

Author : Jan Emblemsvåg
ISBN : 9780471469193
Genre : Business & Economics
File Size : 48.61 MB
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Everyone jokes about the 20/20 hindsight of cost management. InLife-Cycle Costing, Jan Emblemsvag proposes to do somethingabout it. Here's a new approach to life cycle costing that bringsactivity-based costing, risk, and uncertainty into the forefront.You'll focus on future costs and learn how you can perform any typeof cost management activity better than before by introducinguncertainty into models and exploiting them to the max. Order your copy today!
Category: Business & Economics

Environmental Life Cycle Costing

Author : David Hunkeler
ISBN : 9781420054736
Genre : Science
File Size : 50.83 MB
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Balances Scientific and Economic Points of View to Thoroughly Address Management Issues Responding to the need for clarification and benchmarks, Environmental Life Cycle Costing provides the fundamental basis on which to establish a definitive methodology. Clearly defining environmental LCC, this book balances scientific and economic points of view and thoroughly addresses the management perspective. Demonstrates the Process From Problem Definition to Analysis, to Presentation The book focuses on environmental LCC but also analyzes conventional LCC and societal LCC, providing case studies for each. It presents the link between life cycle costing and life cycle assessment and then explores public, private, and societal options. The book also explains all components of the method using the cross-cutting example of a washing machine. It also provides categorizations that permit the method to be adapted or streamlined as a function of the time available to the practitioner. Case study boxes demonstrate the process for carrying out an LCC, from problem definition to analysis and ultimate presentation to the decision maker. Experts Integrate Conventional Thinking with Emerging Ideas Environmental LCC summarizes all costs associated with the life cycle of a product regardless of who bears those costs. It includes present and future money flows as well as those to be internalized in the decision relevant future. A collaboration of experts at the forefront of research, this book ties conventional thinking on life cycle costs into emerging theory and practice by including environmental and social cost analyses and linking LCC to the environmental and social pillars of sustainability.
Category: Science

Life Cycle Costing Advantages Disadvantages And Criticism Of This Procedure

Author : Roberto Niesing
ISBN : 9783638069458
Genre : Business & Economics
File Size : 81.12 MB
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Seminar paper from the year 2008 in the subject Business economics - Accounting and Taxes, grade: 2,0, University of Glamorgan, 14 entries in the bibliography, language: English, abstract: Sustainability is developing in as important target for an increasing number of industries and governments. Especially in a faster moving world, which is determined by quarterly period reports, a long term orientation can be a competitive advantage for unlisted companies. In the 1960 ́s by the US Department of Defense began to develop a tool to handle increasing costs. They recognised that the purchase price was not the only important criteria. Training or maintaining costs had to be considered for the total cost calculation, too. However, several definitions of Life cycle costing (LCC) exist that tend to be similar: ’monitoring the cost incurred throughout a product’s life cycle’ (Woodward, 1997) or ‘LCC is the sum of all costs incurred during the life cycle of a building, system or product. It includes the costs of the project, development, acquisition, operation, conservation and maintenance and salvage value if it exists.’ (Goralczyk, and Kulczycka, 2005). In the following essay several functions of life cycle costing will be drawn up. Furthermore, advantages, disadvantages and criticism of this procedure will be analysed.
Category: Business & Economics

Life Cycle Costing

Author : John W. Bull
ISBN : 1498723217
Genre : Civil engineering
File Size : 88.47 MB
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The key areas of life cycle cost analysis (LCCA) and whole life costing (WLC) are exemplified in this volume with accounts of their application to housing stock, a community hydroelectric power system, various aspects of highway infrastructure, and corrosion protective coatings. Sustainable construction and design requires more than compliance with safety requirements and economic constraints; there is also the impact on the environment, the surrounding population, and users of the infrastructure. This requires a multidimensional perspective of sustainability to be considered in life cycle costing (LCC) combining current design criteria with these other aspects. It has become increasingly important to understand the full costs of civil engineering infrastructure, and the main sources of cost, along the whole supply chain and to identify cost reduction opportunities. The conventional procurement approach without the integration of probabilistic life cycle cost modelling induces substantial long-term maintenance costs. Once deterioration and life cycle cost models have been established, appropriate partnership procurement strategies, associated financing methods, and determination of the project period can be developed. LCC includes the cost of planning, design, acquisition, operation, maintenance, and disposal of buildings and other construction assets, while WLC additionally includes incomes and other costs such as non-construction costs and externalities. In whole life costing, social, environmental, or business costs or benefits are considered as externalities and care must be taken not to double count the impacts when WLC is used together with LCCA. The international examples included in this book illustrate practically the methodology of life cycle costing and the application of life cycle cost analysis to identify the most appropriate method for assessing the relative merits of competing project implementation alternatives.
Category: Civil engineering

Systems Life Cycle Costing

Author : John V. Farr
ISBN : 9781439828922
Genre : Technology & Engineering
File Size : 77.9 MB
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Although technology and productivity has changed much of engineering, many topics are still taught in very similarly to how they were taught in the 70s. Using a new approach to engineering economics, Systems Life Cycle Costing: Economic Analysis, Estimation, and Management presents the material that a modern engineer must understand to work as a practicing engineer conducting economic analysis. Organized around a product development process that provides a framework for the material, the book presents techniques such as engineering economics and simulation-based costing (SBC), with a focus on total life cycle understanding and perspective and introduces techniques for detailed analysis of modern complex systems. The author includes rules of thumb for estimation grouped with the methods, processes, and tools (MPTs) for conducting a detailed engineering buildup for costing. He presents the estimating costing of complex systems and software and then explores concepts such as design to cost (DTC), cost as an independent variable (CAIV), the role of commercial off-the-shelf technology, cost of quality, and the role of project management in LCC management. No product or services are immune from cost, performance, schedule, quality, risks, and tradeoffs. Yet engineers spend most of their formal education focused on performance and most of their professional careers worrying about resources and schedule. Too often, the design stage becomes about the technical performance without considering the downstream costs that contribute to the tota1 life cycle costs (LCC) of a system. This text presents the methods, processes, and tools needed for the economic analysis, estimation, and management that bring these costs in line with the goals of pleasing the customer and staying within budget.
Category: Technology & Engineering

Life Cycle Costing For Engineers

Author : B.S. Dhillon
ISBN : 9781439858905
Genre : Technology & Engineering
File Size : 23.48 MB
Format : PDF
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Cradle-to-grave analyses are becoming the norm, as an increasing amount of corporations and government agencies are basing their procurement decisions not only on initial costs but also on life cycle costs. And while life cycle costing has been covered in journals and conference proceedings, few, if any, books have gathered this information into an easily accessible resource. Eliminating the need to consult many different sources, Life Cycle Costing for Engineers brings together up-to-date life cycle costing concepts and explains their application in various industrial sectors. The author sets the scene with a chapter on fundamental economics followed by a chapter on reliability and maintainability, providing background information and platform for further understanding. He then discusses life cycle costing fundamentals, models and estimation methods, reliability, quality, safety, and manufacturing costing, and maintenance, maintainability, usability, and warranty costing. The book includes life cycle costing for computer systems and software, transportation systems, aircraft turbine engines, cargo ships, rail systems, civil engineering structures, and energy systems. An in-depth look at cost estimation models and engineering reliability and maintainability topics such as bathtub hazard rate curve, common reliability networks, general reliability, mean time to failure, and hazard rate formulas round out the coverage. Filled with examples, tables, figures, and equations, this book integrates life cycle costing concepts for use in industrial and other sectors. It provides a modern treatment of the subject that can easily be applied to any industry.
Category: Technology & Engineering

Whole Life Cycle Costing

Author : Abdelhalim Boussabaine
ISBN : 9780470759158
Genre : Technology & Engineering
File Size : 30.36 MB
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Whole life-cycle costing (WLCC) is rapidly becoming the standard method for the long-term cost appraisal of buildings and civil infrastructure projects. With clients now demanding buildings that demonstrate value for money over the long term, WLCC has become an essential tool for those involved in the design, construction, operation and risk analysis of construction projects. Whole-life costing: risk and risk responses offers a thorough grounding in both the theory and practical application of WLCC. Part I deals with the fundamentals, providing the general background to appreciate WLCC concepts and whole life risk management techniques at the key decision-making milestones through a project’s life. Part II covers the design stage, including service life forecasting and environmental life-cycle assessment techniques in WLCC. Practical frameworks both for assessing whole life risks and risk responses, as well as guidance on developing WLCC budget estimates are also developed. In Part III, the authors consider WLCC during the construction and operations stages, with a strong emphasis upon risk analysis methods and dynamic WLCC assessment. With its mixture of established theory, best practice and innovative approaches, this book will help you make more accurate assessments of the long-term cost effectiveness of projects by: providing a thorough grounding in the theory of WLCC demonstrating how decision-making uncertainty can be reduced by basing choices on sound risk management principles identifying a systematic approach to planning the post-occupancy costs.
Category: Technology & Engineering

Life Cycle Costing For Facilities

Author : Alphonse Dell'Isola
ISBN : STANFORD:36105114348803
Genre : Architecture
File Size : 83.72 MB
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This comprehensive resource provides expert guidance on how Life Cycle Costing (LCC) can optimize decision-making and enhance long-term profit. Sixteen case studies show how to apply LCC to particular facility types and building components, in a new construction and remodeling.
Category: Architecture

Life Cycle Costing Workbook

Author : United States. Federal Supply Service
ISBN : UIUC:30112101048202
Genre : Government publications
File Size : 36.77 MB
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Category: Government publications

Life Cycle Costing

Author : John Mulcahy
ISBN : OCLC:226097463
Genre : Life cycle costing
File Size : 37.83 MB
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Category: Life cycle costing

Engineering Economics Of Life Cycle Cost Analysis

Author : John Vail Farr
ISBN : 9780429881237
Genre : Education
File Size : 48.99 MB
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Engineering has changed dramatically in the last century. With modern computing systems, instantaneous communication, elimination of low/mid management, increased complexity, and extremely efficient supply chains, all have dramatically affected the responsibilities of engineers at all levels. The future will require cost effective systems that are more secure, interconnected, software centric, and complex. Employees at all levels need to be able to develop accurate cost estimates based upon defensible cost analysis. It is under this backdrop that this book is being written. By presenting the methods, processes, and tools needed to conduct cost analysis, estimation, and management of complex systems, this textbook is the next step beyond basic engineering economics. Features Focuses on systems life cycle costing Includes materials beyond basic engineering economics, such as simulation-based costing Presents cost estimating, analysis, and management from a total ownership cost perspective Offers numerous real-life examples Provides excel based textbook/problems Offers PowerPoint slides, Solutions Manual, and author website with downloadable excel solutions, etc.
Category: Education

Life Cycle Costing

Author : Cce MR Dean Fanning Pe
ISBN : 1497508932
Genre :
File Size : 61.13 MB
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This book shows how to calculate life cycle cost for various alternatives and how to ensure the most cost effective solution is selected from among many alternatives.

Life Cycle Costing

Author : Australian National Audit Office
ISBN : 064280608X
Genre : Life cycle costing
File Size : 55.13 MB
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This Guide is intended to assist APS managers responsible for decisions relating to acquiring, owning, operating and using major assets or products, such as buildings, vehicles, and major plant. The guide can also assist in decision-making when multiple items of equipment of lower cost items such as IT equipment, photocopy machines and the like are under consideration. The Guide arose from the ANAO's 1998 report on life-cycle costing in Defence.
Category: Life cycle costing

Life Cycle Costing For Design Professionals

Author : Stephen J. Kirk
ISBN : 0070348049
Genre : Technology & Engineering
File Size : 84.24 MB
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This revised second edition of the standard reference for design professionals supplies an arsenal of economic weapons for constructing, operating, and managing buildings at the lowest cost possible. Everything professionals need to put the latest construction-related strategies to work is right here in one convenient, quick reference guide.
Category: Technology & Engineering