Probabilistic Characterization of Life-Cycle Agency and User Costs: Case Study of Minnesota

2017 ◽  
Vol 2639 (1) ◽  
pp. 93-101 ◽  
Author(s):  
Mehdi Akbarian ◽  
Omar Swei ◽  
Randolph Kirchain ◽  
Jeremy Gregory
Keyword(s):  
Life Cycle ◽  
Cost Analysis ◽  
Life Cycle Cost ◽  
Life Cycle Costs ◽  
Potential Implication ◽  
User Costs ◽  
Probabilistic Characterization ◽  
The Cost

Life-cycle cost analysis (LCCA) is a commonly used approach by pavement engineers to compare the economic efficiency of alternative pavement design and maintenance strategies. Over the past two decades, the pavement community has augmented the LCCA framework used in practice by explicitly accounting for uncertainty in the decision-making process and incorporating life-cycle costs not only to the agency but also to the users of a facility. This study represents another step toward improving the LCCA process by focusing on methods to characterize the cost of relevant pay items for an LCCA as well as integrating costs accrued to users of a facility caused by pavement–vehicle interaction (PVI) and work zone delays. The developed model was implemented in a case study to quantify the potential implication of both of these components on the outcomes of an LCCA. Results from the construction cost analysis suggest that the proposed approaches in this paper lead to high-fidelity estimates that outperform current practice. Furthermore, results from the case study indicate that PVI can be a dominant contributor to total life-cycle costs and, therefore, should be incorporated in future LCCAs.

Life cycle cost analysis: A case study of hydrogen energy application on the Orkney Islands

2019 ◽  
Vol 44 (19) ◽  
pp. 9517-9528 ◽  
Author(s):  
Guangling Zhao ◽  
Eva Ravn Nielsen ◽  
Enrique Troncoso ◽  
Kris Hyde ◽  
Jesús Simón Romeo ◽  
...  
Keyword(s):  
Life Cycle ◽  
Cost Analysis ◽  
Life Cycle Cost ◽  
Hydrogen Energy ◽  
Life Cycle Cost Analysis ◽  
Orkney Islands ◽  
Energy Application

scholarly journals Least Cost Analysis of Energy Efficiency Upgrades for Ontario Using Trnsys

2021 ◽  
Author(s):  
Amir Fereidouni Kondri
Keyword(s):  
Life Cycle ◽  
Energy Consumption ◽  
Cost Analysis ◽  
Energy Efficient ◽  
Life Cycle Cost ◽  
Net Present Value ◽  
Hot Water ◽  
Life Cycle Costs ◽  
Residential Housing ◽  
Domestic Hot Water

This report presents the methodology for determining least cost energy efficient upgrade solutions in new residential housing using brute force sequential search (BFSS) method for integration into the reference house to reduce energy consumption while minimizing the net present value (NPV) of life cycle costs. The results showed that, based on the life cycle cost analysis of 30 years, the optimal upgrades resulted in the average of 19.25% (case 1), 31% (case 2a), and 21% (case 2b) reduction in annual energy consumption. Economic conditions affect the sequencing of the upgrades. In this respect the preferred upgrades to be performed in order are; domestic hot water heating, above grade wall insulation, cooling systems, ceiling insulation, floor insulation, heat recovery ventilator, basement slab insulation and below grade wall insulation. When the gas commodity pricing becomes high, the more energy efficient upgrades for domestic hot water (DHW) get selected at a cost premium.

Implementing the Life Cycle Cost Analysis in a Building Design

2017 ◽  
Vol 21 ◽  
pp. 581-586 ◽  
Author(s):  
Raluca Dania Todor ◽  
Mircea Horne Horneț ◽  
Nicolae Fani Iordan
Keyword(s):  
Life Cycle ◽  
Cost Analysis ◽  
Life Cycle Cost ◽  
Evaluation Process ◽  
Building Design ◽  
Laboratory Research ◽  
Life Cycle Cost Analysis ◽  
Natural Lighting ◽  
Broad Overview

In the context of increasing concerns for sustainable development new comprehensive methods are developed by builders and architects in order to reduce the environmental impact of buildings. Life Cycle Cost Analysis (LCCA) is one of these methods, perhaps the most functional one for the evaluation process. Using this LCCA contributes to the integration of the design process and helps identify opportunities for energy efficiency, such as appropriate zoning, natural lighting and design optimization of heating, ventilation and air conditioning (HVAC). It also helps in finding the best solutions for reducing overall costs. LCCA is very little known in Romania and quasi unused practice for building design and for this reason the present paper contains a broad overview of the methodology and it’s uses highlighting its main advantages and a case study of the building design intended for laboratory research. The analyzed building is one of the 12 identical buildings of Transilvania University Research and Development Institute from Brasov.

A Life Cycle Cost Analysis Approach for Selection of a Typical Heavy Usage Multistage Centrifugal Pump

2006 ◽  
Author(s):  
Laxman Y. Waghmode ◽  
Ravindra S. Birajdar ◽  
Shridhar G. Joshi
Keyword(s):  
Life Cycle ◽  
Cost Analysis ◽  
Centrifugal Pump ◽  
Life Cycle Cost ◽  
Lifetime Cost ◽  
Maintenance Cost ◽  
Life Cycle Costs ◽  
Life Cycle Cost Analysis ◽  
Initial Cost ◽  
Multistage Centrifugal Pump

It is well known that the pumps are the largest consumers of industrial motor energy and account for more than 25% of electricity consumption. The life cycle cost of a pump is the total lifetime cost associated with procurement, installation, operation, maintenance and its disposal. For majority of heavy usage pumps, the lifetime energy and/or maintenance cost will dominate the life cycle costs. Hence a greater understanding of all the cost components making up the total life cycle costs should provide an opportunity to achieve a substantial savings in energy and maintenance costs. This will further enable optimizing pumping system efficiency and improving pump and system reliability. Therefore in this context, the life cycle cost analysis of heavy usage pumps is quite important. This paper focuses on an application of a methodology of determining the life cycle cost of a typical heavy usage multistage centrifugal pump. In this case, all the cost components associated with the pump-set have been determined and classified under different categories. The data with regard to initial investment costs, operation costs, maintenance and repair costs and disposal costs for the pump considered for this case study was collected from the concerned pump manufacturer along with the unit cost of each component, quantity used and their weights. By applying the principles of reliability and maintainability engineering and using the data obtained from the design, manufacturing and maintenance departments, the component-wise values of MTBF (Mean Time Between Failures) and MTTR (Mean Time To Repair) were estimated. The results of the life cycle cost analysis of the specimen pump were compared with the life cycle costs of similar pumps reported in the literature. From this comparison of results, it can be concluded that, the initial cost of the pump is the only a fraction of the total life cycle cost. The operating cost of the pump dominates the life cycle costs especially in case of heavy usage pumps. The maintenance cost varies approximately from 0.6 to 2.5 times the initial cost of the pump. The life cycle cost of the pump varies approximately from 12 to 33 times the initial cost of the pump. The operation and maintenance cost is almost 92 to 97 per cent of the life cycle cost. The detailed analysis carried out in this paper is expected to provide guidelines to the pump manufactures/practicing engineers in selecting a heavy usage multistage centrifugal pump based on the total lifetime cost rather than only on initial price.

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