Life cycle costing: Concept and practice

A through-life costing methodology for use in product–service-systems

“…Hence, comparison between TLC studies is often based on whether specific cost items are included or not, regardless of major methodological heterogeneities -see Durairaj et al (2002); Waghmode and Sahasrabudhe (2011). Few works recognise that computational mechanisms and metrics vary depending on the purpose of each specific study (Sherif and Kolarik, 1981); that many applications are not founded on previous discourse; and that methods adopted have a strong context-specific nature (Korpi and Ala-Risku, 2008). 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 Page 8 Reviews of literature (Asiedu and Gu, 1998 …”

Performance Evaluation and Life Cycle Cost Analysis Model of a Gondola-Type Exterior Wall Painting Robot

“…A model for performance evaluation and Life Cycle Cost (LCC) analysis [10][11][12] of GEWPro was developed in an effort to enhance the sustainability for the practical use of robots on construction sites.…”

“…In this study, the characteristics of the developed GEWPro based on its composition and specifications were analyzed to develop a performance evaluation and LCC analysis model [10][11][12]. The GEWPro is equipped with the capability for exterior wall painting of apartment complexes as its major function and is supplemented with a function for cleaning the outer walls as well.…”

Enhancing the Application Efficiency of Life Cycle Assessment for Industrial Uses

“…LCC in the pure economic sense ('purely economic LCC')-long before the emergence and development of sustainable development and (environmental) life cycle thinkinghas first been used in the 1960s by the US Department of Defense for the acquisition of high cost military equipment such as planes, or tanks [Sherif and Kolarik 1981]. The rationale was that the purchasing decisions should not solely be based on the initial acquisition cost, but also on the costs for operation and maintenance, and, to a lesser degree, disposal.…”

“…[ Sherif and Kolarik 1981] give a comprehensive overview of the aforementioned applications, the used costing models, and the corresponding literature. They conclude that "… LCC has developed more as a result of specific applications rather than hypothetical models."…”