Whole Life-Cycle Cost Planning at the Design Stage

2008 ◽  
pp. 122-141
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Design Stage ◽  
Cost Planning ◽  
Whole Life Cycle

scholarly journals Predication of life cycle cost of equipment base on unbiased grey Markov models

2020 ◽  
Vol 309 ◽  
pp. 05005
Author(s):  
Yonghong Chen ◽  
Ping Hu ◽  
Dong Zhang
Keyword(s):  
Life Cycle ◽  
Markov Model ◽  
Life Cycle Cost ◽  
Prediction Accuracy ◽  
Markov Models ◽  
Grey Model ◽  
Model Accuracy ◽  
Integrated Logistics ◽  
And Control ◽  
Whole Life Cycle

Life cycle cost(LCC) is an important content of equipment integrated logistics support. While the LCC includes the whole life cycle of equipment from development, production, service and maintenance to retirement, in order to effectively manage and control the LCC and better develop integrated logistics support, it is necessary to analyze and predict it. The unbiased grey markov model(UGMM) was introduced into the LCC prediction in the paper, in order to check model accuracy, the posterior difference method(PDM) was used, also the influence by the number of state intervals in UGMM on the prediction accuracy is analyzed and studied. The result indicate that UGMM can be used to predict the LCC, also have the highest prediction accuracy comparing with unbiased grey model and grey separating model, and in order to ensure the prediction accuracy, the state interval should be divided according to the number of sequence.

scholarly journals Test sequencing problem arising at the design stage for reducing life cycle cost

2013 ◽  
Vol 26 (4) ◽  
pp. 1000-1007 ◽  
Author(s):  
Shigang Zhang ◽  
Zheng Hu ◽  
Xisen Wen
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Design Stage ◽  
Sequencing Problem

scholarly journals General Concerns Life-Cycle Design of Economical Ice-Resistant Structures in the Bohai Sea

2017 ◽  
Vol 24 (s2) ◽  
pp. 164-171
Author(s):  
Da-yong Zhang ◽  
Song-song Yu ◽  
Qian-jin Yue
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Design Theory ◽  
Bohai Sea ◽  
Cost Effective ◽  
Bohai Bay ◽  
Offshore Platforms ◽  
The Bohai Sea ◽  
Life Cycle Design ◽  
Whole Life Cycle

Abstract In China, the oil and natural gas resources of Bohai Bay are mainly marginal oil fields. It is necessary to build both iceresistant and economical offshore platforms. However, there are many risks during the life cycle of offshore platforms due to the imperfect preliminary design for the Bohai Sea economical ice-resistant structures. As a result, the whole life-cycle design should be considered, including plan, design, construction, management and maintenance design. Based on the demand of existing codes and research of the basic design, structural ice-resistant performance and the reasonable management and maintenance, the life-cycle design theory is discussed. It was concluded that the life-cycle cost-effective optimum design proposed will lead to a minimum risk.

Analysis on Whole Life Cycle Cost Management of Highway Engineering

2011 ◽  
Vol 255-260 ◽  
pp. 3907-3910
Author(s):  
Hui Hong Feng ◽  
Xiao Ping Ding ◽  
Jing Si Chen ◽  
Yu Chen
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Cost Management ◽  
Control Methods ◽  
Construction Process ◽  
Highway Engineering ◽  
Engineering Cost ◽  
Whole Life Cycle

According to the analysis of the current problems in highway engineering cost management, this paper puts forward the idea of the whole life cycle cost management in highway engineering, and elaborates the specific contents and the control methods of engineering cost management for all stages in the construction process.

scholarly journals Design Implications and Opportunities of Considering Fatigue Strength, Manufacturing Variations and Predictive LCC in Welds

Metals ◽  
2021 ◽  
Vol 11 (10) ◽  
pp. 1527
Author(s):  
Mathilda Karlsson Hagnell ◽  
Mansoor Khurshid ◽  
Malin Åkermo ◽  
Zuheir Barsoum
Keyword(s):  
Life Cycle ◽  
Fatigue Strength ◽  
Life Cycle Cost ◽  
Design Stage ◽  
Direct Result ◽  
Welded Structures ◽  
Early Design Stage ◽  
Repair Costs ◽  
Welded Structure ◽  
Cost Reductions

Fatigue strength dictates life and cost of welded structures and is often a direct result of initial manufacturing variations and defects. This paper addresses this coupling through proposing and applying the methodology of predictive life-cycle costing (PLCC) to evaluate a welded structure exhibiting manufacturing-induced variations in penetration depth. It is found that if a full-width crack is a fact, a 50% thicker design can result in life-cycle cost reductions of 60% due to reduced repair costs. The paper demonstrates the importance of incorporating manufacturing variations in an early design stage to ensure an overall minimized life-cycle cost.

Design for maintenance: new algorithmic approach

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Oussama Adjoul ◽  
Khaled Benfriha ◽  
Améziane Aoussat
Keyword(s):  
Genetic Algorithms ◽  
Life Cycle ◽  
Life Cycle Cost ◽  
Multicomponent System ◽  
Systems Design ◽  
Simultaneous Optimization ◽  
Product Architecture ◽  
Design Stage ◽  
Content Type ◽  
Optimal Maintenance

PurposeThis paper proposes a new simultaneous optimization model of the industrial systems design and maintenance. This model aims to help the designer in searching for technical solutions and the product architecture by integrating the maintenance issues from the design stage. The goal is to reduce the life-cycle cost (LCC) of the studied system.Design/methodology/approachLiterature indicates that the different approaches used in the design for maintenance (DFM) methods are limited to the simultaneous characterization of the reliability and the maintainability of a multicomponent system as well as the modeling of the dynamic maintenance. This article proposes to go further in the optimization of the product, by simultaneously characterizing the design, in terms of reliability and maintainability, as well as the dynamic planning of the maintenance operations. This combinatorial characterization is performed by a two-level hybrid algorithm based on the genetic algorithms.FindingsThe proposed tool offers, depending on the life-cycle expectation, the desired availability, the desired business model (sales or rental), simulations in terms of the LCCs, and so an optimal product architecture.Research limitations/implicationsIn this article, the term “design” is limited to reliability properties, possible redundancies, component accessibility (maintainability), and levels of monitoring information.Originality/valueThis work is distinguished by the use of a hybrid optimization algorithm (two-level computation) using genetic algorithms. The first level is to identify an optimal design configuration that takes into account the LCC criterion. The second level consists in proposing a dynamic and optimal maintenance plan based on the maintenance-free operating period (MFOP) concept that takes into account certain criteria, such as replacement costs or the reliability of the system.

scholarly journals Optimal Configuration of Different Energy Storage Batteries for Providing Auxiliary Service and Economic Revenue

2018 ◽  
Vol 8 (12) ◽  
pp. 2633 ◽  
Author(s):  
Lijuan Chen ◽  
Tiantian Wu ◽  
Xiaohui Xu
Keyword(s):  
Life Cycle ◽  
Energy Storage ◽  
Life Cycle Cost ◽  
Demand Management ◽  
Configuration Model ◽  
Peak Shaving ◽  
The Government ◽  
Cost And Benefit Analysis ◽  
Whole Life Cycle ◽  
Auxiliary Services

Energy storage providing auxiliary service at the user-side has broad prospects in support of national polices. Three auxiliary services are selected as the application scene for energy storage participating in demand management, peak shaving and demand response. Considering the time value of funds, the user-side energy storage economy model is built. The model comprehensively considers the delayed transformation income, the government subsidy income, the auxiliary service income and the whole-life-cycle cost factor. According to the cost and benefit analysis, an energy storage optimization configuration model is proposed. The model takes maximum revenue of industrial user in energy storage’s whole-life-cycle as the objective function. Then, the Cplex solver is employed to solve the model. In addition, four indexes are utilized to evaluate the financial effect brought by the user-side energy storage. Finally, the revenue and configuration results of the four types of battery energy storage are calculated to verify the validity of the proposed model. In comparison to the value of evaluation index, planning suggestions are provided for the user-side energy storage providing different auxiliary services. Moreover, the conditions of profit and worthwhile investment are obtained through sensitivity analysis of energy storage providing peak shaving service.

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