Material life cycle costing of buildings: A case study

2018 ◽  
Author(s):  
Vojtěch Biolek ◽  
Tomáš Hanák
Keyword(s):  
Life Cycle ◽  
Life Cycle Costing ◽  
Material Life

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.

scholarly journals Sensitivity Analysis of Fuzzy Activity-Based Life Cycle Costing

2018 ◽  
Vol 225 ◽  
pp. 05002
Author(s):  
Freselam Mulubrhan ◽  
Ainul Akmar Mokhtar ◽  
Masdi Muhammad
Keyword(s):  
Sensitivity Analysis ◽  
Life Cycle ◽  
Interest Rate ◽  
Life Cycle Costing ◽  
High Impact ◽  
Final Output ◽  
Left And Right ◽  
The Interest Rate ◽  
Operation Cost

A sensitivity analysis is typically conducted to identify how sensitive the output is to changes in the input. In this paper, the use of sensitivity analysis in the fuzzy activity based life cycle costing (LCC) is shown. LCC is the most frequently used economic model for decision making that considers all costs in the life of a system or equipment. The sensitivity analysis is done by varying the interest rate and time 15% and 45%, respectively, to the left and right, and varying 25% of the maintenance and operation cost. It is found that the operation cost and the interest rate give a high impact on the final output of the LCC. A case study of pumps is used in this study.

scholarly journals Life Cycle Costing in Sustainability Assessment—A Case Study of Remanufactured Alternators

2011 ◽  
Vol 3 (11) ◽  
pp. 2268-2288 ◽  
Author(s):  
Erwin M. Schau ◽  
Marzia Traverso ◽  
Annekatrin Lehmann ◽  
Matthias Finkbeiner
Keyword(s):  
Life Cycle ◽  
Sustainability Assessment ◽  
Life Cycle Costing

scholarly journals Incorporating an Asset Health Index into a Life Cycle Costing: A Proposition and Study Case

Mathematics ◽  
2020 ◽  
Vol 8 (10) ◽  
pp. 1787
Author(s):  
Orlando Durán ◽  
Fabián Orellana ◽  
Pablo Perez ◽  
Tamara Hidalgo
Keyword(s):  
Life Cycle ◽  
Life Cycle Costing ◽  
Life Cycle Costs ◽  
Health Index ◽  
Central Chile ◽  
Proposal A ◽  
Sensitivity Studies ◽  
Useful Life ◽  
Physical Assets

A physical asset’s health is the consequence of a series of factors, ranging from the characteristics of the location where it operates to the care it is submitted to. These characteristics can influence the durability or the horizon of the useful life of any equipment, as well as determine its operational performance and its failure rates in the future. Therefore, the assessment of the influence of asset health on Life Cycle Costs is a compelling need. This paper proposes the incorporation of a factor that reflects the projected behavior of an asset’s health index into its corresponding Life Cycle Costing (LCC) model. This allows cost estimates to be made more realistic and LCC models to be operated more accurately. As a way of validating this proposal, a case study is shown. The methodology proposed in this case study was applied in a real case, considering an LNG facility located in central Chile. In addition, sensitivity studies and comparisons with the results obtained by a traditional Life Cycle Costing model are included. The results show the usefulness of incorporating asset health aspects into the Life Cycle Costing of physical assets.

scholarly journals Implementation of Life Cycle Costing on Airline Industry (Case Study of XYZ Airline in Indonesia)

2020 ◽  
Author(s):  
Wayan Winten Adnyano ◽  
Dony Abdul Chalid
Keyword(s):  
Life Cycle ◽  
Airline Industry ◽  
Life Cycle Cost ◽  
Operating Cost ◽  
Operation Time ◽  
Life Cycle Costing ◽  
Cost Calculation ◽  
Airline Company

The airline operating cost may vary along the operation time of the aircraft. This cost fluctuation should be taken as consideration for the decision-making process, for instance, the pricing calculation. A poor costing might distort pricing leading to a loss of business. A long-term oriented cost calculation to forecast the total cost of aircraft during the operation time is critical for the airline company. This research will study whether the life cycle cost analysis is fit for airline company with an emphasis on maintenance and disposal or aircraft redelivery cost and focus on aircraft operating lease context. It uses a case study framework on an airline in Indonesia with the interview and documentation analysis as the main research method. The life cycle cost is found to be fit for the airline company with activity-based life-cycle costing as the applicative model. The research presents an approach that provides a long-term oriented costing that is needed for management decision. Keywords: life cycle costing, airline operating cost

Sign in / Sign up

Export Citation Format

Share Document