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.

A Study of Life Cycle Costing in the Perspectives of Research and Commercial Applications in the 21st Century

2007 ◽  
Author(s):  
Wai M. Cheung ◽  
Linda B. Newnes ◽  
Antony R. Mileham ◽  
Robert Marsh ◽  
John D. Lanham
Keyword(s):  
Life Cycle ◽  
Cost Estimation ◽  
Life Cycle Cost ◽  
Academic Research ◽  
Life Cycle Costing ◽  
Electronic Products ◽  
Commercial Applications ◽  
The Uk ◽  
The Cost ◽  
Traditional Approaches

This paper presents a review of research in the area of life cycle costing and offers a critique of current commercial cost estimation systems. The focus of the review is on relevant academic research on life cycle cost from 2000 onwards. In addition to this a comparison of the current cost estimation systems is presented. Using the review findings and industrial investigations as a base, a set of mathematical representations for design and manufacturing costs and the introduction of the critical factors is proposed. These are considered in terms of the operational, maintenance and disposal costs to create a method for ascertaining the life cycle cost estimate for complex products. This is presented using as an exemplar, research currently being undertaken in the area of low volume and long life electronic products in the UK defence sector. The benefit of the method proposed is that it aims to avoid the inflexibility of traditional approaches which usually require historical and legacy data to support the cost estimation processes.

Whole Life/Life Cycle Costing During the Design Stage of a Construction Project

2020 ◽  
Vol 9 (2) ◽  
pp. 66-87
Author(s):  
Daniel Clarke-Hagan ◽  
Michael Curran ◽  
John Spillane ◽  
Mary-Catherine Greene
Keyword(s):  
Life Cycle ◽  
Qualitative Methodology ◽  
Construction Project ◽  
Life Cycle Costing ◽  
Design Stage ◽  
Life Cycle Costs ◽  
Mind Mapping ◽  
Advantages And Disadvantages ◽  
Mapping Software ◽  
Whole Life Costing

The calculations of life cycle costs (LCC) and whole life costs (WLC) are important tools in the life cycle of a project. The aim of this research is to examine life cycle costing, whole life costing, and the possible advantages and disadvantages to their introduction and use. A qualitative methodology encompassing an in-depth literature review, interviews, and qualitative analysis using mind mapping software, this research is important as it can add to the industry's understanding of the design process. It highlights reasons for the success or failure of a construction project, in terms of sustainability at the design stage. Results indicate that the researched topics had many advantages but also had inherent disadvantages. It is found that the potential advantages outweighed disadvantages, but uptake within industry is still slow and that better promotion and their benefits to sustainability, the environment, society, and the industry are required.

scholarly journals Estimating the economic life of forest machinery using the cumulative cost model and cost minimization model in Iranian Caspian forests

2018 ◽  
Vol 64 (No. 5) ◽  
pp. 216-223 ◽  
Author(s):  
Hejazian Mohammad ◽  
Lotfalian Majid ◽  
Limaei Soleiman Mohammadi
Keyword(s):  
Life Cycle ◽  
Cost Minimization ◽  
Cost Model ◽  
Life Cycle Costing ◽  
Economic Life ◽  
Cumulative Cost ◽  
Cumulative Cost Model ◽  
The Cost ◽  
Costing Analysis

This study was conducted in order to estimate the economic life of two models of rubber-tired skidders, namely Timberjack 450C and HSM 904, in Iranian Caspian forests. The total annual costs and average cumulative cost of skidders were calculated by life-cycle costing analysis. The economic life of the machines was estimated by both the cumulative cost model and cost minimization model. The results indicated that the economic life of Timberjack 450C and HSM 904 is 7,700 h (at the end of the 11<sup>th</sup> year) and 15,300 h (at the end of the 17<sup>th</sup> year), respectively, using the cost minimization model. Furthermore, the results indicated that the economic life of Timberjack 450C and HSM 904 is 9,100 h (at the end of the 13<sup>th</sup> year) and 11,900 h (at the end of the 21<sup>st</sup> year), respectively, using the cumulative cost model. The cumulative cost model estimated the economic life of skidders longer than the cost minimization model.

Study on Evaluation Index System of Green Supply Chain for Automobile Products

2020 ◽  
pp. 231-240
Author(s):  
Rafia Khan
Keyword(s):  
Supply Chain ◽  
Life Cycle ◽  
Automobile Industry ◽  
Index System ◽  
Evaluation Index System ◽  
Evaluation Index ◽  
Green Supply Chain ◽  
Green Development ◽  
Whole Life Cycle

It is the focus of the automobile industry to guarantee the quality of automobiles and meet the requirements of green development. Based on the principle of sustainable development, according to the characteristics of green supply chain and the concept of the whole life cycle of the automobile, the evaluation index system of the green supply chain of the automobile is constructed from five links of design, purchase, production, sale, and recycling. The “green” runs through the whole life cycle of automobile products and evaluates the green supply of automobile products scientifically and accurately. Reference should be provided for the situation.

scholarly journals Life Cycle Costing Analysis: Tools and Applications for Determining Hydrogen Production Cost for Fuel Cell Vehicle Technology

Energies ◽  
2020 ◽  
Vol 13 (15) ◽  
pp. 3783 ◽  
Author(s):  
Martin Khzouz ◽  
Evangelos Gkanas ◽  
Jia Shao ◽  
Farooq Sher ◽  
Dmytro Beherskyi ◽  
...  
Keyword(s):  
Life Cycle ◽  
Fuel Cell ◽  
Hydrogen Production ◽  
Water Electrolysis ◽  
Life Cycle Costing ◽  
Fuel Cell Vehicle ◽  
Methane Reforming ◽  
Hydrogen Fuel Cell ◽  
The Cost ◽  
Costing Analysis

This work investigates life cycle costing analysis as a tool to estimate the cost of hydrogen to be used as fuel for Hydrogen Fuel Cell vehicles (HFCVs). The method of life cycle costing and economic data are considered to estimate the cost of hydrogen for centralised and decentralised production processes. In the current study, two major hydrogen production methods are considered, methane reforming and water electrolysis. The costing frameworks are defined for hydrogen production, transportation and final application. The results show that hydrogen production via centralised methane reforming is financially viable for future transport applications. The ownership cost of HFCVs shows the highest cost among other costs of life cycle analysis.

Life Cycle Costing of Simulated vs Actual Equipment for Intermediate Maintenance Training

1978 ◽  
Vol 22 (1) ◽  
pp. 267-271
Author(s):  
F. Thomas Eggemeier ◽  
Gary A. Klein
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Initial Phase ◽  
Life Cycle Costing ◽  
Intermediate Level ◽  
Training Device ◽  
Major Purpose ◽  
Maintenance Costs ◽  
Actual Equipment ◽  
The Cost

Life cycle cost estimates of training equipment for F-16 Avionics Intermediate Station personnel were developed. The major purpose was to compare the cost of intermediate level maintenance training when conducted on simulated vs actual avionics test equipment. This was the initial phase of a planned two-part effort. The analysis was therefore limited to estimates of training device acquisition and maintenance costs. Total estimated fifteen year costs for simulated equipment trainers were approximately 50% less than comparable estimates for actual equipment trainers.

Life Cycle Cost Modeling of Pumps Using an Activity Based Costing Methodology

2010 ◽  
Author(s):  
Laxman Yadu Waghmode ◽  
Anil Dattatraya Sahasrabudhe
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Product Life Cycle ◽  
Business Environment ◽  
Life Cycle Costing ◽  
Activity Based Costing ◽  
Global Business ◽  
Product Life ◽  
Traditional Costing ◽  
The Cost

In order to survive in today’s competitive global business environment, implementation of life cycle costing methodology with a greater emphasis on cost control could be one of the convincing approaches for the manufacturing firms. The product life cycle costing approach can help track and analyse the cost implications associated with each phase of product life cycle. Life cycle costing (LCC) practices with traditional costing methods may provide results that have a severe deviation from the real product LCC as it focuses on the cost of materials, labor and a low portion of overheads apportioned by the absorption rate to the product. Activity based costing (ABC) has emerged as one of the several innovative and more accurate costing methods in recent years. It is based on the principle that products or services consume activities and activities consume resources that generate costs. Thus, the ABC system focuses on calculating the costs incurred on performing the activities to manufacture a product. This paper presents a LCC modeling approach for estimating life cycle cost of pumps using activity based costing method. The study was conducted in a large pump manufacturing company from India that has significant global standing within its industry. Firstly, all the activities and cost drivers associated with the life cycle of a pump have been identified. A methodology for LCC analysis using ABC is then developed and it is applied to two different pumps manufactured by the same industry and the results obtained are presented.

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