scholarly journals Environmental life cycle costing at the early stage for supporting cost optimization of precast concrete panel for energy renovation of existing buildings

2020 ◽  
pp. 102002
Author(s):  
Chunbo Zhang ◽  
Mingming Hu ◽  
Benjamin Laclau ◽  
Thomas Garnesson ◽  
Xining Yang ◽  
...  
Keyword(s):  
Life Cycle ◽  
Early Stage ◽  
Precast Concrete ◽  
Cost Optimization ◽  
Life Cycle Costing ◽  
Existing Buildings

scholarly journals Life cycle costing: evaluating its use in UK practice

2015 ◽  
Vol 33 (1) ◽  
pp. 73-87 ◽  
Author(s):  
Anthony Higham ◽  
Chris Fortune ◽  
Howard James
Keyword(s):  
Life Cycle ◽  
Built Environment ◽  
Construction Industry ◽  
Early Stage ◽  
Project Evaluation ◽  
Life Cycle Costing ◽  
Evaluation Tool ◽  
Structured Interviews ◽  
Content Type ◽  
The Uk

Purpose – The purpose of this paper is to establish the extent to which life cycle costing (LCC) is used as an early stage project evaluation tool by practitioners in the UK construction industry. The use of this evaluation tool has long been advocated by academics as a means of ensuring best value rather than lowest cost is a driver for business decisions related to potential built environment projects. Therefore there is a need to appraise its current uptake levels amongst built environment professionals and assess whether there are any barriers affecting its use in UK practice. Design/methodology/approach – Using a mixed methods approach, the authors present the findings from a survey of construction professionals located in the UK and the results from a series of follow up semi-structured interviews designed to further explore the factors found to affect the use of LCC in practice. Findings – The study shows that LCC is still not widely used by built environment professionals in the UK. The greatest inhibitor on the take up of the tool is the need of clients to budget on short-term horizons. Other factors such as a lack awareness of the tool by practitioners and clients, unreliability of data into the long term and the overriding need for commercially driven projects to achieve maximum return on investment continue to inhibit the widespread adoption of LCC as an early stage project evaluation tool. These findings have implications for the capability of the UK construction industry to deliver on its commitment to enhance the sustainability of the built environment. Originality/value – The paper offers insights into the current use of LCC and the factors affecting its use in the UK.

scholarly journals Cost optimization in agribusiness based on life cycle costing

2019 ◽  
Vol 66 (3) ◽  
pp. 823-834
Author(s):  
Bojan Savić ◽  
Ivan Milojević ◽  
Vesna Petrović
Keyword(s):  
Life Cycle ◽  
Cost Optimization ◽  
Life Cycle Costing

Probabilistic life cycle costing of existing buildings retrofit interventions towards nZE target: Methodology and application example

2017 ◽  
Vol 144 ◽  
pp. 416-432 ◽  
Author(s):  
Elisa Di Giuseppe ◽  
Monica Iannaccone ◽  
Martina Telloni ◽  
Marco D’Orazio ◽  
Costanzo Di Perna
Keyword(s):  
Life Cycle ◽  
Life Cycle Costing ◽  
Existing Buildings

scholarly journals Life Cycle Costing: Understanding How It Is Practised and Its Relationship to Life Cycle Management—A Case Study

2020 ◽  
Vol 12 (8) ◽  
pp. 3252 ◽  
Author(s):  
Marianna Lena Kambanou
Keyword(s):  
Life Cycle ◽  
Life Cycle Management ◽  
Life Cycle Costing ◽  
Methodological Choices ◽  
Manufacturing Company

Despite the existence of many life cycle costing (LCC) methods, LCC is not widely adopted and LCC methods are usually further tailored by practitioners. Moreover, little is known about how practising LCC improves life cycle management (LCM) especially if LCM is considered emergent and constantly developing. In a manufacturing company, LCC is prescriptively introduced to improve LCM. In the first part, this study describes how various methodological choices and other aspects of practising LCC were the outcome of contestation and conformity with extant practices and not only the best way to fulfil the LCC’s objective. This contestation can even influence if LCC is adopted. In the second part of the research, the implications of practising LCC on LCM are explored. LCC is found to positively propel LCM in many ways e.g., by spreading the life cycle idea, but may lead to a narrower understanding of the term life cycle resulting in the sustainability focus of LCM being overridden. The article also discusses how the findings can be taken into consideration when researchers develop LCC methods and when industry practises LCC.

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