scholarly journals A Super Simple Life-cycle Cost Estimation Model with Minimum Data Requirement

2020 ◽  
Author(s):  
Maryam Farsi ◽  
John Ahmet Erkoyuncu ◽  
Andrew Harrison
Keyword(s):  
Life Cycle ◽  
Cost Estimation ◽  
Life Cycle Cost ◽  
Estimation Model ◽  
Data Requirement ◽  
Minimum Data ◽  
Cost Estimation Model ◽  
Simple Life

Cost Estimation of Product Life Cycle

2011 ◽  
Vol 421 ◽  
pp. 582-585
Author(s):  
Zi Qin Ma ◽  
Ting Ting Xu ◽  
Li Sun ◽  
Xiu Lun Wang ◽  
Jian Min Fan ◽  
...  
Keyword(s):  
Life Cycle ◽  
Cost Estimation ◽  
Life Cycle Cost ◽  
Product Life Cycle ◽  
Present Value ◽  
Estimation Model ◽  
Product Life ◽  
Target Cost ◽  
Cost Estimation Model ◽  
The One

The cost estimation of the product life cycle was researched. On the one side, the life cycle cost present value for manufacturer was estimated, including mainly of target cost, service cost and fault compensation. And a life cycle cost estimation model for manufacturer, which combines target cost and proportion cost estimated, was proposed. On the other side, the life cycle cost present value for user was estimated, including mainly of purchase, installation, commissioning costs in beginning and labor, maintenance, depreciation, maintenance costs in operations. And another life cycle cost estimation model for user, which combines process cost and proportion cost estimated, was proposed.

Research on the Highway Engineering LCC Estimation Modular Platform

2014 ◽  
Vol 584-586 ◽  
pp. 2554-2558
Author(s):  
Wei Yi He ◽  
Xiao Jie Xu ◽  
Xi Zhen Gao ◽  
Zhuo Wei Li ◽  
Ke Li
Keyword(s):  
Life Cycle ◽  
Engineering Design ◽  
Conceptual Model ◽  
Cost Estimation ◽  
Life Cycle Cost ◽  
Difficult Problem ◽  
Estimation Model ◽  
Highway Engineering ◽  
Modular Platform ◽  
Cost Estimation Model

The highway engineering is an important area for investment in infrastructure construction in China, in the stage of engineering design, to solve the difficult problem of life cycle cost estimates, the paper builds the highway engineering life-cycle cost estimation modular conceptual model, and develops the highway engineering LCC estimation modular platform under the model. It provides a practical way for the highway life cycle cost measuring, and presents a new idea for life cycle cost estimation model.

Energy Efficiency Research in Building Based on the Concept of Life Cycle

2012 ◽  
Vol 253-255 ◽  
pp. 731-734
Author(s):  
Lin Lin Sun ◽  
Chun An You ◽  
Jian Xin Liu ◽  
Ling Zhi Sun
Keyword(s):  
Energy Efficiency ◽  
Life Cycle ◽  
Energy Saving ◽  
Cost Estimation ◽  
Life Cycle Cost ◽  
Estimation Model ◽  
Important Conclusion ◽  
Cost Estimation Model ◽  
Definition Of ◽  
Whole Life Cycle

Saving energy is one of the basic national policies, and energy efficiency in building is the important part of energy conservation work. It is of great significance to develop this work permanently. Discusses the definition of energy efficiency in building, introduces the concept of the life cycle, and sets up the life cycle cost estimation model. Through the analysis of energy saving building, comes to an important conclusion. Although the initial investment of energy saving building increases, the whole life cycle cost is obviously lower than general building. With the increasing of the discount rate and the extension of life cycle, the effect is more outstanding.

A quality-based cost estimation model for the product line life cycle

2006 ◽  
Vol 49 (12) ◽  
pp. 85-88 ◽  
Author(s):  
Hoh Peter In ◽  
Jongmoon Baik ◽  
Sangsoo Kim ◽  
Ye Yang ◽  
Barry Boehm
Keyword(s):  
Life Cycle ◽  
Cost Estimation ◽  
Product Line ◽  
Estimation Model ◽  
Line Life ◽  
Cost Estimation Model

Review on Methodology for Life Cycle Costing of Membrane System for Wastewater Filtration

2013 ◽  
Vol 845 ◽  
pp. 713-719
Author(s):  
Nur Syamimi Jiran ◽  
Salwa Mahmood ◽  
Muhamad Zameri Mat Saman ◽  
Mohd Yusof Noordin
Keyword(s):  
Life Cycle ◽  
Cost Estimation ◽  
Membrane System ◽  
Research Direction ◽  
Life Cycle Costing ◽  
Estimation Model ◽  
Wastewater Filtration ◽  
Innovative Solution ◽  
Manufacturing Assembly ◽  
Cost Estimation Model

In competitive environment, manufacturers have to come out with innovative solution to market their product including by implementing life cycle engineering concept. Life cycle costing (LCC) is one of the aspects that need to be considered when adapting this concept. In addition, costing is one of the important aspects that need to consider carefully. In order to perform LCC analysis, one of the important steps is estimating costs. Cost estimation model should not only consider pre production and production cost design, manufacturing, assembly but also post production customer use and end of life. Development of cost estimation model or methodology is needed to simplify the LCC analysis so that it able to produce result in short time and more accurate. This paper has review on LCC, cost estimation techniques and several developed cost estimation model in order to determine research gap and research direction on developing a methodology to assessing LCC of membrane system for wastewater filtration.

scholarly journals Improving competitiveness through the application of cost estimation models

2021 ◽  
Author(s):  
◽  
Prianca Naicker
Keyword(s):  
Life Cycle ◽  
Cost Estimation ◽  
Estimation Model ◽  
Project Life Cycle ◽  
Parametric Cost Estimation ◽  
Cost Estimation Model ◽  
Project Life ◽  
Estimation Models ◽  
Cost Estimation Models

Optimal costing decisions are required in order to ensure that organisations are globally competitive. The case study company is a global affiliate based in Durban, KwaZulu-Natal, South Africa and is involved in the manufacture and assembly of automobiles and automotive components. It was noticed that cost estimation models were only introduced at an advanced stage in the project life cycle. The concept of cost estimation and its application to improve various factors of a business has been investigated previously and existing evidence could be utilised to support further study in the field. Therefore, the aim of the study was to improve the quality of sourcing decisions by means of the introduction of a parametric cost estimation model and business process re-engineering. A case study approach was adopted. The first objective was to develop an overview of the current sourcing processes and understand the factors which influenced sourcing decisions. The methods used included the generation of a Standard Operating Procedure (SOP) for the current sourcing process, an online survey and interviews. It was concluded that there was a need to develop a detailed SOP which identified and included all impacted departments. The second objective was to redesign the sourcing process. It was concluded that the current sourcing processes did not take cost estimates into account at the early stages of the project life cycle and the inability to accurately predict costs consequently negatively impacted the cost competitiveness of the organisation. The third objective was to develop and implement a parametric cost estimation model. The model was created using Microsoft Excel. The results revealed that the Parametric Cost Estimation Model (PCEM) needed to focus on small injection moulded components as they were the highest contributor to the high Cost Index Manufacturing (CIM), which made the organisation globally uncompetitive. The results revealed that with the introduction of the PCEM and the revised sourcing process, the selected component was competitively priced.Recommendations were made for continuous process improvement and a roadmap for the further introduction of cost estimation models. Further research could also be conducted to develop an optimal cost estimation model based on analogous costing techniques or to develop a comprehensive database for other complex commodities.

scholarly journals LCC Estimation Model: A Construction Material Perspective

Buildings ◽  
2019 ◽  
Vol 9 (8) ◽  
pp. 182 ◽  
Author(s):  
Vojtěch Biolek ◽  
Tomáš Hanák
Keyword(s):  
Life Cycle ◽  
Cost Estimation ◽  
Life Cycle Cost ◽  
Building Materials ◽  
Construction Material ◽  
Facility Management ◽  
Sustainable Construction ◽  
Estimation Model ◽  
Functional Part ◽  
Material Solution

The growing pressure to ensure sustainable construction is also associated with stricter demands on the cost-effectiveness of construction and operation of buildings and reduction of their environmental impact. This paper presents a methodology for building life cycle cost estimation that enables investors to identify the optimum material solution for their buildings on the level of functional parts. The functionality of a comprehensive model that takes into account investor requirements and links them to a construction cost estimation database and a facility management database is verified through a case study of a “façade composition” functional part, with sublevel “external thermal insulation composite system (ETICS) with thin plaster”. The results show that there is no generally applicable optimum ETICS material solution, which is caused by differing investor requirements, as well as the unique circumstances of each building and its user. The solution presented in this paper aims to aid investor decision-making regarding the choice of the building materials while taking the Life Cycle Cost (LCC) into account.

scholarly journals Development of Cost Estimation Model of the Membrane System

2019 ◽  
Vol 8 (5C) ◽  
pp. 645-653
Keyword(s):  
Cost Estimation ◽  
Life Cycle Cost ◽  
Cost Model ◽  
Economic Assessment ◽  
Membrane System ◽  
Manufacturing Cost ◽  
Activity Based Costing ◽  
Estimation Model ◽  
Traditional System ◽  
Cost Estimation Model

Apart from product quality, the manufacturing cost is an important element to compete in the competitive industry. Detail economic assessment is important to estimate the product cost accurately and avoid overestimating or underestimating that give bad impact to the firm. Membrane system; a compact, sustainable and cheaper wastewater treatment system compared to the traditional system. Yet, there is limited study analysing the economic aspect of the membrane system due to the limited historical data, a complicated process involved and deal with tangible overhead costs. Thus, this study aims to develop a cost model to estimate the total cost of the membrane system during its lifespan. Activity-based costing (ABC) method is used as cost estimation technique to calculating the overhead cost and added the direct costs to determine the life-cycle cost (LCC) of the membrane system by using Microsoft Excel while Microsoft Visual Basic is used to demonstrate a user-friendly cost estimation model. The proposed cost model is a simpler system because the end user is guided to get the LCC value without has to deal with a complicated equation. The proposed model cost is tested to estimating the LCC of HFMM in treating wastewater from the prototype stage until the disposal stage.

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