scholarly journals The Role of Life Cycle Cost in Engineering Asset Management

2014 ◽  
pp. 173-188 ◽  
Author(s):  
Khaled El-Akruti ◽  
Richard Dwight ◽  
Tieling Zhang ◽  
Mujbil Al-Marsumi
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Life Cycle Cost

The Role of Cost Breakdown Structure in Life Cycle Cost Model

2015 ◽  
Vol 74 (2) ◽  
Author(s):  
Ooi Chu Hui ◽  
Abdul Hakim Mohammed
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Water Distribution ◽  
Single Phase ◽  
Cost Model ◽  
Pipeline Networks ◽  
Useful Life ◽  
Cost Breakdown Structure ◽  
Cost Breakdown

This paper highlights the basic process of developing a life cycle cost model and the role of cost breakdown structure for water distribution pipeline networks. A life cycle cost is the total cost of owning an asset during its predicted useful life, while a cost breakdown structure illustrates all the costs emerged in each single phase of the asset’s life cycle cost. Its purpose is to identify, define and organize all cost elements to be taken into account in a life cycle cost. Each cost element included in developing a cost breakdown structure will also be discussed in this paper.

scholarly journals Effect of change in role of an aircraft on engine life

2013 ◽  
Vol 117 (1196) ◽  
pp. 1053-1070
Author(s):  
A. Gad-Briggs ◽  
A. Haslam ◽  
P. Laskaridis
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Low Cycle Fatigue ◽  
Operating Conditions ◽  
Significant Life ◽  
European Theatre ◽  
Harsh Climate ◽  
Performance Conditions ◽  
Dust Ingestion

Abstract New aircraft require years of development from concept to realisation and can be prone to delays. Consequently, military operators take existing fleets and operate them in a different role. The objective of this study is to examine the effect of operating a typical low bypass military fast jet engine, originally designed for a European theatre, in a hot and harsh climate. The specific purpose is to determine the effect on the high-pressure turbine blade life and the life- cycle cost of the engine. A mission profile and respective performance conditions were analysed and modelled using an in-house performance tool. The flow conditions were simulated using ANSYS® FLUENT. A conjugated heat transfer solution was adopted to determine the blade metal temperature. The blade was modelled physically in 3D using SIMULIA® ABAQUS FEA software. The stresses were derived and used to calculate the temperature coupled low cycle fatigue and creep life. A deterioration case was also studied to evaluate the effect of sand and dust ingestion. There was a significant life reduction of approximately 50% due to creep. The reduction in life was inversely proportional to the life cycle cost of the engine depending on the operating conditions. The results were compared with similar engines and summarised in the context of airworthiness regulations and component integrity.

Geotechnical Asset Management Plan: Analysis of Life-Cycle Cost and Risk

2016 ◽  
Vol 2596 (1) ◽  
pp. 36-43 ◽  
Author(s):  
Paul D. Thompson ◽  
Darren Beckstrand ◽  
Aine Mines ◽  
Mark Vessely ◽  
David Stanley ◽  
...  
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Life Cycle Cost ◽  
Management Plan ◽  
Plan Analysis

Toward improved LCC-informed decisions in building management

2018 ◽  
Vol 8 (2) ◽  
pp. 114-133 ◽  
Author(s):  
Filipa Salvado ◽  
Nuno Marques de Almeida ◽  
Alvaro Vale e Azevedo
Keyword(s):  
Life Cycle ◽  
Portfolio Management ◽  
Economic Performance ◽  
Asset Management ◽  
Life Cycle Cost ◽  
Background Knowledge ◽  
Sources Of Information ◽  
Content Type ◽  
Informed Decisions ◽  
Building Management

Purpose Stakeholders of the Architecture, Engineering and Construction (AEC) sector require information on the buildings economic performance throughout its life cycle. This information is neither readily available nor always accurate because building management (BM) professionals still face difficulties to fully incorporate the life cycle cost (LCC) concept into their daily practice. The purpose of this paper is to identify and contribute to solving these difficulties. Design/methodology/approach This paper provides a background knowledge review and set the ground for a structured research roadmap and a management framework that highlight the links and limitations to be addressed within and between LCC and BM. A six-stage method was used for developing conceptual frameworks targeting six goals: establishing a point of departure; mapping sources of information; literature research; notion deconstruction and conceptual categorization; overview of the applicable background knowledge; and structuring of a framework for LCC-informed decisions in BM. Findings Management solutions for the built context are necessarily connected with LCC and BM current concepts such as asset management, project, program and portfolio management, facility management and data management. These management approaches highlight the importance of incorporating life cycle concepts and promote LCC effective application within the AEC sector. Originality/value This paper identifies and discusses current limitations on the information availability for the economic performance of buildings throughout its life cycle. This work also identifies LCC-related topics that need to be further explored or addressed by both the scientific community and practitioners to overcome these limitations and facilitate the integration of the LCC concept into BM activities.

scholarly journals Identifying Research Topics and Trends in Asset Management for Sustainable Use: A Topic Modeling Approach

2021 ◽  
Vol 13 (9) ◽  
pp. 4792
Author(s):  
Hosang Jung ◽  
Boram Kim
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Topic Modeling ◽  
Life Cycle Cost ◽  
Latent Dirichlet Allocation ◽  
Sustainable Use ◽  
Future Research ◽  
Research Topics ◽  
The Past ◽  
Modeling Approach

Asset management is not new, and research has been conducted in private and public sectors on how to systematically maintain infrastructure or facilities for sustainable use and achieve the level of service desired by users or customers at the lowest life cycle costs. This research identifies the research topics and trends in asset management over the past 30 years. To this end, latent Dirichlet allocation, a topic modeling approach, was applied to articles published in engineering journals and investigated the following three research questions: (1) what have the key topics been for the past three decades? (2) what are the main activities and target sectors of asset management? (3) how have the research topics and keywords changed over the past three decades? The analysis shows that the target field of asset management has broadened while the main activities of asset management have been limited to several popular activities such as life cycle cost analysis and reliability analysis. Some implications and future research directions are also discussed.

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