Probability distributions of facilities management costs for whole life cycle costing in acute care NHS hospital buildings

2002 ◽  
Vol 20 (3) ◽  
pp. 251-261 ◽  
Author(s):  
Richard J. Kirkham ◽  
A. Halim Boussabaine ◽  
Belal H. Awwad
Keyword(s):  
Life Cycle ◽  
Acute Care ◽  
Probability Distributions ◽  
Life Cycle Costing ◽  
Facilities Management ◽  
Whole Life Cycle

scholarly journals Whole Life Cycle Costing and Quality Satisfaction: Public Housing Floor Material

2013 ◽  
Vol 717 ◽  
pp. 877-883 ◽  
Author(s):  
Noorsidi Aizuddin Mat Noor
Keyword(s):  
Life Cycle ◽  
Public Housing ◽  
Material Selection ◽  
Life Cycle Costing ◽  
Questionnaire Surveys ◽  
The Cost ◽  
Whole Life Costing ◽  
Whole Life Cycle ◽  
Floor Material

Most commonly, residents are always arguing about the satisfaction of sustainability and quality of their high rise residential property. This paper aim is to maintain the best quality satisfaction of the floor materials by introducing the whole life cycle costing approach to the property manager of the public housing in Johor. This paper looks into the current situation of floor material of two public housings in Johor, Malaysia and testing the whole life cycle costing approach towards them. The cost figures may be implemented to justify higher investments, for examples, in the quality or flexibility of building solutions through a long-term cost reduction. The calculation and the literature review are conducted. The questionnaire surveys of two public housings were conducted to make clear the occupants evaluation about the actual quality conditions of the floor material in their house. As a result, the quality of floor material based on the whole life cycle costing approach is one of the best among their previous decision making tool that was applied. Practitioners can benefit from this paper as it provides information on calculating the whole life costing and making the decisions for floor material selection for their properties.

Product Life Cycle Costing

2015 ◽  
Vol 816 ◽  
pp. 547-554 ◽  
Author(s):  
Jaroslava Kádárová ◽  
Ján Kobulnický ◽  
Katarína Teplicka
Keyword(s):  
Life Cycle ◽  
Product Life Cycle ◽  
New Technologies ◽  
Cost Management ◽  
Life Cycle Costing ◽  
Management Tool ◽  
Start Up ◽  
Production Calculation ◽  
Whole Life Cycle ◽  
The Relationship

Successful performance of a company and its ability to handle growing competition is dependent on its capacity of implementing new technologies and making use of new methods of management. This report aims at cost management tool that enables controlling of costs through the whole life-cycle. Life Cycle Costing allows us to look at the start-up costs and the costs associated with the cessation of production, after-sales services costs and other expenses not taken into account in planned or operational calculation, see them as one unit and thereby evaluate the effectiveness of the product. Before establishing a production, calculation of the life-cycle costs is based on various factors which can be found in this article as well as the division of costs within the scope of calculation. It contains an example of calculation and accurate illustrations of process-based models of life-cycle costing from different points of view brought by various authors dealing with this topic, the usage of costing and the relationship with other calculations that are component parts of a company’s strategic cost management.

scholarly journals Leveraging Whole Life Cycle Costs When Utilising Building Information Modelling Technologies

2012 ◽  
Vol 1 (4) ◽  
pp. 40-49 ◽  
Author(s):  
Dermot Kehily ◽  
Barry McAuley ◽  
Alan Hore
Keyword(s):  
Life Cycle ◽  
Life Cycle Costing ◽  
Life Cycle Costs ◽  
External Application ◽  
Building Information Modelling ◽  
Sustainable Building ◽  
Information Modelling ◽  
Building Information ◽  
Technology Tool ◽  
Whole Life Cycle

Building Information Modelling (BIM) is now being increasingly used as a technology tool to assist design professions in conceiving, designing, constructing, and operating the built environment in many countries. The BIM model provides design professions with the framework to perform exercises in design, programming, cost and value management, and concept energy analysis, in order to achieve the most economical and sustainable building solution. The BIM model though sophisticated is not extensively used to provide estimation software with the data requirements for Life Cycle Costing (LCC), such as, escalation of future expenditure and/or present value costs, discount rates, and study periods. Without incorporating LCC functionality within the BIM model or in an external application with a BIM interface a complete picture of the Whole Life Cycle Costs (WLCC) cannot be generated from the outputs of the model. The authors demonstrate the potential ability to customise traditional estimating packages with BIM take-off and database management interfaces, in order to find the best solution to provide complete Whole Life Cycle Costs Analysis (WLCCA). A template was produced in consultation with one of the internationally established methodologies in Life Cycle Costing (LCC) and provides the user with the financial tools to select the most economical advantageous solution, possibly without investing in new estimating software.

The need for economic performance measures for life cycle costing of sustainable commercial office buildings

2018 ◽  
Vol 16 (1) ◽  
pp. 54-64 ◽  
Author(s):  
Olufolahan Oduyemi ◽  
Michael Iheoma Okoroh ◽  
Oluwaseun Samuel Fajana ◽  
Oluwumi Arowosafe
Keyword(s):  
Life Cycle ◽  
Performance Measures ◽  
Economic Performance ◽  
Life Cycle Costing ◽  
Current Level ◽  
Office Buildings ◽  
Facilities Management ◽  
Building Performance ◽  
Content Type ◽  
Royal Institution

Purpose The purpose of this paper is to investigate the current level of awareness, usage and advocated benefits of economic performance measures of life cycle costing (LCC) in sustainable commercial office buildings. Design/methodology/approach Questionnaire survey to 120 construction professionals was used to gauge the current level of awareness, usage and advocated benefits of economic performance measures in LCC. Findings The key findings of the statistical analysis indicated that there is a low awareness and usage of economic performance measures, and revealing the entire value of capital outflow alternatives was the most advocated benefit of its application. Research limitations/implications Although the data used in this paper were from professionally qualified members of either the Royal Institution of Chartered Surveyors (RICS), the Chartered Institute of Building (CIOB) and the British Institute for Facilities Management (BIFM), the research is limited in some ways in that it does not cover all the professionals in the construction industry. Nevertheless, all the professionals who responded to the questionnaire have up-to-date level of awareness of economic performance measures in LCC. Practical implications The use of economic performance measures helps to make available the information required for building performance. Therefore, economic performance methods in LCC are useful devices for users to appraise and distribute recognisable values from initial costs, operating and maintenance costs to clients in the life cycle of an asset. Social implications Value for money for construction products and its facilities should not be viewed only in terms of costs to design and construction. Rather, it is vital for corporate occupants and society in general to consider other key variables such as operations, maintenance, renovation, replacement and end-of-life costs. Originality/value This study fills the gap in the existing knowledge by addressing concerns over performance measurement to improve the confidence in LCC for sustainable commercial office buildings.

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