Life cycle cost analysis: an economic model for sustainable tomorrow

By:

Chakravorti, Nirjhar

Material type: Text

TextPublication details: Routledge New York 2024Description: xiv, 138 pISBN:

9781032611662

Subject(s):

DDC classification:

658.1554 CHA

Summary: Life Cycle Costing (LCC) is the process of economic analysis to assess the total cost of ownership of an asset, including its cost of procurement, installation, operation, maintenance, conversion, and decommissioning.　 The economic approach to assess the total cost of owning an asset or facility is known as Life Cycle Cost Analysis (LCCA). LCCA is a key economic tool for business decision-making in terms of various functional requirements, such as sustainability, asset management, supply chain management, and project management.　 Every organization is a combination of various interrelated functions or departments. Every function has its own set of objectives and targets. Even though all functions try to achieve overall organizational objectives, in reality, they work to protect their functional interests as well. In many cases, it becomes detrimental to the health of the organization. This conflicting behavior increases when decisions are made on subjective considerations. When a company's strategy works on an objective platform, chances of conflict are reduced. LCCA can be used as a management decision tool for synchronizing functional conflicts by focusing on facts, money, and time.　 Life Cycle Cost Analysis: An Economic Model for Sustainable Tomorrow　explains a simple, innovative model to carry out LCCA, along with a unique methodology to determine how the value of money changes over a period of time. (https://www.routledge.com/Life-Cycle-Cost-Analysis-An-Economic-Model-for-Sustainable-Tomorrow/Chakravorti/p/book/9781032611662?srsltid=AfmBOoraePG0B8ZaOt6by2GMYx-0qZQvk9nuA9mhQ0BMvy6PqqYi8JnP)

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Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Finance & Accounting	658.1554 CHA (Browse shelf(Opens below))	1	Available		007378

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Table of content:
Acknowledgments

About the Author

Introduction

1. Overview..

2. Purpose of Life Cycle Cost Analysis.

3. LCCA Methodology.

3.1 Steps for LCCA..

4. Case Study for Life Cycle Cost Analysis.

4.1 Option 1.

4.1.1 Initial Cost (IC).

4.1.2 Computation of Present Value for IC.

4.1.3 Operation & Maintenance Cost (OC).

4.1.4 Computation of Present Value for OC.

4.1.5 Computation of Life Cycle Cost.

4.2 Option 2.

4.2.1 Initial Cost (IC).

4.2.2 Computation of Present Value for IC.

4.2.3 Operation & Maintenance Cost (OC).

4.2.4 Computation of Present Value for OC.

4.2.5 Computation of Life Cycle Cost.

4.3 Analysis.

5. Salvage Value.

6. Sample Life Cycle Cost Analysis Report.

6.1 Background.

6.2 Building Alternatives.

6.3 Water Faucets.

6.4 Water Closets.

6.5 Solar Hot Water Systems.

6.6 Air Conditioning Equipment.

6.7 Building Envelope (Insulation Products and Glazing).

6.8 Lighting.

7. Project Management Decision.

7.1 Make-or-Buy.

7.2 Break Even Point.

7.3 Assessment of Project Delay.

8. Impact of Life Cycle Cost Analysis.

8.1 Sustainability Tool

8.2 Asset Management Tool

8.3 Total Productive Maintenance (TPM) Tool

8.4 Project Management Tool

8.5 Life Cycle Assessment.

9. Life Cycle Cost Analysis Experiences.

[https://www.routledge.com/Life-Cycle-Cost-Analysis-An-Economic-Model-for-Sustainable-Tomorrow/Chakravorti/p/book/9781032611662?srsltid=AfmBOoraePG0B8ZaOt6by2GMYx-0qZQvk9nuA9mhQ0BMvy6PqqYi8JnP]

Life Cycle Costing (LCC) is the process of economic analysis to assess the total cost of ownership of an asset, including its cost of procurement, installation, operation, maintenance, conversion, and decommissioning.　

The economic approach to assess the total cost of owning an asset or facility is known as Life Cycle Cost Analysis (LCCA). LCCA is a key economic tool for business decision-making in terms of various functional requirements, such as sustainability, asset management, supply chain management, and project management.　

Every organization is a combination of various interrelated functions or departments. Every function has its own set of objectives and targets. Even though all functions try to achieve overall organizational objectives, in reality, they work to protect their functional interests as well. In many cases, it becomes detrimental to the health of the organization. This conflicting behavior increases when decisions are made on subjective considerations. When a company's strategy works on an objective platform, chances of conflict are reduced. LCCA can be used as a management decision tool for synchronizing functional conflicts by focusing on facts, money, and time.　

Life Cycle Cost Analysis: An Economic Model for Sustainable Tomorrow　explains a simple, innovative model to carry out LCCA, along with a unique methodology to determine how the value of money changes over a period of time.

(https://www.routledge.com/Life-Cycle-Cost-Analysis-An-Economic-Model-for-Sustainable-Tomorrow/Chakravorti/p/book/9781032611662?srsltid=AfmBOoraePG0B8ZaOt6by2GMYx-0qZQvk9nuA9mhQ0BMvy6PqqYi8JnP)

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