1st Edition

Life Cycle Cost Analysis An Economic Model for Sustainable Tomorrow

By Nirjhar Chakravorti Copyright 2024
152 Pages 4 B/W Illustrations
by Productivity Press

152 Pages 4 B/W Illustrations
by Productivity Press

152 Pages 4 B/W Illustrations
by Productivity Press

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... Read more

 

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.

 

References

 

 

Biography

Nirjhar Chakravorti currently serves as General Manager for Tata Consulting Engineers Limited. In that role, he oversees:

-- Engineering Consultancy Services for Steel Plants

-- Asset Management for Steel Plant Equipment & Systems

-- Application of Economic Principles in the Analysis of Engineering Decisions to ensure Business Sustainability

-- Previous to this position, he served as the Lead for Asset Integrity Management (Air Pollution Control Systems) at Tata

-- Consulting Engineers Limited leading asset integrity management activities for steel plant Air pollution and dust control systems.

Nirjhar earned his BE in mechanical engineering from the Jalpaiguri Government Engineering College and received the PGDBM certificate from the Institute of Management Technology Ghaziabad CDL.