scholarly journals BARRIERS IN PRACTICING LIFE CYCLE COSTING TECHNIQUES EXPERIENCED BY SRI LANKAN QUANTITY SURVEYORS

2021 ◽  
Author(s):  
I.P.T. Sandaruwan ◽  
◽  
H. Chandanie ◽  
J.A.B. Janardana ◽  
◽  
...  
Keyword(s):  
Life Cycle ◽  
Data Collection ◽  
Life Cycle Costing ◽  
Building Construction ◽  
Local Context ◽  
Building Industry ◽  
Sri Lankan ◽  
Expert Interviews ◽  
User Friendly ◽  
Awareness Programme

Life Cycle Costing (LCC) is a tool, which can evaluate all the building-related costs over a specified period of time, as mentioned in the agreed scope. Though there are number of benefits, LCC practices of consultants in the building industry are claimed to be weak. Hence, the aim of this research is to investigate barriers in practicing LCC techniques experienced by Sri Lankan quantity surveyors. Accordingly, a mixed approached was followed in data collection through a questionnaires survey and a series of expert interviews. However, in Sri Lanka, building construction consultants are not practicing the LCC concept to a greater extent. This research identified, lack of awareness on the LCC tool by employers and practitioners, lack of knowledge on LCC and lack of previous data as the major barriers for practicing LCC techniques in local context. It was suggested that enhancing the practice of LCC through conducting various awareness programme on LCC concept, build up and maintain the proper database and introducing user friendly tools, applications, calculations methods, guidelines and regulations, will lead to avoid above mentioned barriers, which will ultimately enhance the proper practice of LCC concept in the Sri Lankan quantity surveyors.

Life Cycle Development of Successful Women-owned Enterprises

2020 ◽  
Vol 3 (4) ◽  
pp. 142-152
Author(s):  
Mohammad Waliul Hasanat ◽  
Kamna Anum ◽  
Ashikul Hoque ◽  
Mahmud Hamid ◽  
Sandy Francis Peris ◽  
...  
Keyword(s):  
Life Cycle ◽  
Data Collection ◽  
Research Work ◽  
Primary Data ◽  
Small Scale ◽  
Data Collection Process ◽  
Theoretical Finding ◽  
Successful Women ◽  
Two Phases ◽  
Life Cycle Development

In developing countries, the role of women in the business sector is continuously improving. As a result, female enterprises have also been encouraged in Pakistan. This study is based on life cycle development phases from which women-owned enterprises have to go through in order to become successful. As a primary data source, face-to-face interviews with owners of successful women-owned enterprises were preferred. The data collection process was divided into two phases i.e. Phase-I and Phase-II. After data collection, qualitative analysis has been performed using NVIVO. Findings provide both generic and specific factors involved in life cycle development of women-owned enterprises. This study provides a detailed view of life cycle development model followed by successful women enterprises. The outcome of this research work is a theoretical finding which can be utilized by entrepreneurs owning small scale enterprises to improve their level of performance. Findings can also be helpful for potentially talented women interested in setting up their own business.

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 Sustainability Assessment with Integrated Circular Economy Principles: A Toy Case Study

2021 ◽  
Vol 13 (7) ◽  
pp. 3856
Author(s):  
Rebeka Kovačič Lukman ◽  
Vasja Omahne ◽  
Damjan Krajnc
Keyword(s):  
Life Cycle Assessment ◽  
Life Cycle ◽  
Environmental Impacts ◽  
Circular Economy ◽  
Social Life ◽  
Product Life Cycle ◽  
Sustainability Assessment ◽  
Social Impacts ◽  
Life Cycle Costing ◽  
Social Life Cycle Assessment

When considering the sustainability of production processes, research studies usually emphasise environmental impacts and do not adequately address economic and social impacts. Toy production is no exception when it comes to assessing sustainability. Previous research on toys has focused solely on assessing environmental aspects and neglected social and economic aspects. This paper presents a sustainability assessment of a toy using environmental life cycle assessment, life cycle costing, and social life cycle assessment. We conducted an inventory analysis and sustainability impact assessment of the toy to identify the hotspots of the system. The main environmental impacts are eutrophication, followed by terrestrial eco-toxicity, acidification, and global warming. The life cycle costing approach examined the economic aspect of the proposed design options for toys, while the social assessment of the alternative designs revealed social impacts along the product life cycle. In addition, different options based on the principles of the circular economy were analysed and proposed in terms of substitution of materials and shortening of transport distances for the toy studied.

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.

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