Life cycle cost

While energy costs are typically considered overheads, costs can be traceable to specific activities within the operation. Applying activity based costing, life-cycle costing, or other systems that provide accurate data on energy use allows opportunities for conservation and system upgrade to be identified and justified. 

Life cycle cost Life cycle cost refers to the total cost for space, launch, and ground segments over the life cycle of the mission. 

Overall cost - life-cycle cost of product ... 

The benefits of these developments to the mine operator are assessed in terms of capital and operating cost, life cycle and productivity benefits. 

This section will consider the role of appraisal in the field life cycle, the main sources uncertainty in the description of the reservoir, and the appraisal techniques used to reduce this uncertainty. The value of the appraisal activity will be compared with its cost to determine whether such activity is justified. 

Appraisal activity, if performed, is the step in the field life cycle between the discovery of a hydrocarbon accumulation and its development. The role of appraisal is to provide cost-effective information with which the subsequent decision can be made. Cost effective means that the value of the decision with the appraisal information is greater than the value of the decision without the information. If the appraisal activity does not add more value than its cost, then it is not worth doing. This can be represented by a simple flow diagram, in which the cost of appraisal is A, the profit (net present value) of the development with the appraisal information is (D2-A), and the profit of the development without the appraisal information is D1. 

Life cycle cost analysis is the proper tool for evaluation of alternative systems (11,12). The total cost of a system, including energy cost, maintenance cost, interest, cash flow, equipment replacement and/or salvage value, taxes, inflation, and energy cost escalation, can be estimated over the useflE life of each alternative system. A Hst of life cycle cost items which may be considered for each system is presented in Tables 3 and 4. Reference 14 presents a cash flow analysis which also includes factors such as energy cost escalation. 

Explosion-welded constmction has equivalent or better properties than the more compHcated riveted systems. Peripheral benefits include weight savings and perfect electrical grounding. In addition to lower initial installation costs, the welded system requires tittle or no maintenance and, therefore minimizes life-cycle costs. Applications of stmctural transition joints include aluminum superstmctures that are welded to decks of naval vessels and commercial ships as illustrated in Figure 11. 

The difference between life cycle costs and the traditional accounting cost is that traditional costs are fairly easy to quantify, whereas life cycle costs are usually difficult to quantify and are usually either lumped iato general overhead costs or ignored altogether. They are very real, however, and when examined ia detail and fully quantified, the economics of composites allow them to displace the traditional materials. 

It should persist ia the mbber over its entire life cycle. For noncarbon black filled mbbers, the antiozonant must be nondiscoloring and nonstaining. The antiozonant should have a low toxicity and should be nonmutagenic, and, the antiozonant should be acceptable economically, eg, have low manufactufing and end use costs. 

LCC Life cycle costing WRAP Waste reduction always pays... 

The application of waste-management practices in the United States has recently moved toward securing a new pollution prevention ethic. The performance of pollution prevention assessments and their subsequent implementation will encourage increased activity into methods that 1 further aid in the reduction of hazardous wastes. One of the most important and propitious consequences of the pollution-prevention movement will be the development of life-cycle design and standardized hfe-cycle cost-accounting procedures. These two consequences are briefly discussed in the two paragraphs that follow. Additional information is provided in a later subsection. 

Life-cycle co.sting (LCC). This type of analysis requires that all the traditional costs of project or product system, from raw-material acquisition to end-result product di osal, be considered. 

Capital, operating, and environmental control costs and life-cycle analysis (Total Systems Approach)... 

Economic Factors These inchrde capital cost (eqrripment, installation, engineering, etc.), operating cost (rrtUities, maintenance, etc.), emissions fees, and life-cycle cost over the expected eqrripment lifetime. 

Improving the economics of gas plant design, construction, and operations is essential to ensure the approval of future de-bottlenecking, capacity expansion, and new projects. The economics include not only capital investment, life cycle operations, and maintenance costs, but also the monetary equivalents of safety, reliability, and availability. 

Radial fit bolts are a special feature used in all types of turbomachinery. They are of increasing importance to users that are both reliability-minded and concerned about life-cycle costs. The radial fit coupling bolt was originally developed for coupling steam turbine shafts by Pilgrim International in Oldham, UK. It is equally useful to coupling other equipment, including, of course, hot gas expander shafts. 

Micro-scaling or bottom up approach to quality costs, where it is possible to calculate the cost of losses involved in manufacture and due to returns and/or claims. This method requires a great deal of experience and relies on the availability of detailed cost data throughout a product s life-cycle. While this is a crucial activity for a business, it is also not a practical approach for estimating the quality cost for product in the early stages of product development. 

Consider a product whose product cost is Pc. The costs due to failure at the various stages of the product s life cycle have been investigated, and in terms of Pc, they have been found to be (Braunsperger, 1996 DTI, 1992) ... 

The relationship is commonly known as the TOx rule and is shown in Figure 1.13. The 10 X rule demonstrates how a fault, if not discovered, will give rise to ten times the original elimination costs in a later phase of the life-cycle. In other words, products must be designed in such a way that scarcely any defects develop or if they do, they can be identified as early as possible in the product development process and rectified (Braunsperger, 1996). Other surveys have found that these costs could be even higher as shown in Figure 1.14. 

Related to competitiveness measures - improved quality, compressed lead time, reduced life-cycle costs, increased flexibility, improved productivity, more satisfied customers... 

When a single technique is employed only local life-cycle cost minimization is achieved. If the global life-cycle cost is to be minimized, a number of techniques have to be applied (Watson et al., 1996). In this case, tools and techniques shouldn t compete with each other, but be complementary in the product development process. The correct positioning of the various off-line tools and techniques in the product development process, therefore, becomes an important consideration in their effective usage. Patterns of application have been proposed by a number of workers over several years (Brown et al., 1989 Jakobsen, 1993 Norell, 1993) and the importance of concurrency has been highlighted as a critical factor in their use (Poolton and Barclay, 1996). 

As air pollution management moves forward, economics has a major role in reducing pollution. Multimedia considerations are forcing a blend of traditional emission reduction approaches and innovative methods for waste minimization. These efforts are directed toward full cost accounting of the life cycle of products and residuals from the manufacturing, use, and ultimate disposal of materials. 

Combined Cycle Power Plant Life Cycle Cost Initial Cost... 

The new purchasing mantra for the new utility plants is life cycle cost and to properly ensure that this is achieved a total performance condition monitoring strategy is unsurpassed. 

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