Life Cycle Costing for Engineers: 1st Edition (Paperback) book cover

Life Cycle Costing for Engineers

1st Edition

By B.S. Dhillon

CRC Press

224 pages | 15 B/W Illus.

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Description

Cradle-to-grave analyses are becoming the norm, as an increasing amount of corporations and government agencies are basing their procurement decisions not only on initial costs but also on life cycle costs. And while life cycle costing has been covered in journals and conference proceedings, few, if any, books have gathered this information into an easily accessible resource. Eliminating the need to consult many different sources, Life Cycle Costing for Engineers brings together up-to-date life cycle costing concepts and explains their application in various industrial sectors.

The author sets the scene with a chapter on fundamental economics followed by a chapter on reliability and maintainability, providing background information and platform for further understanding. He then discusses life cycle costing fundamentals, models and estimation methods, reliability, quality, safety, and manufacturing costing, and maintenance, maintainability, usability, and warranty costing. The book includes life cycle costing for computer systems and software, transportation systems, aircraft turbine engines, cargo ships, rail systems, civil engineering structures, and energy systems. An in-depth look at cost estimation models and engineering reliability and maintainability topics such as bathtub hazard rate curve, common reliability networks, general reliability, mean time to failure, and hazard rate formulas round out the coverage.

Filled with examples, tables, figures, and equations, this book integrates life cycle costing concepts for use in industrial and other sectors. It provides a modern treatment of the subject that can easily be applied to any industry.

Reviews

"… very concise, quite short, and easy to follow. … The text is nicely supported with figures, equations and example problems. … I would recommend it as a great source for a wide range of life cycle cost models and especially as a source to understand and be able to relate one model to another. It would make an ideal textbook for an undergraduate course on life cycle costing and as a resource for a practitioner in the industrial/manufacturing industry that needs a suite of potential life cycle cost models with which to make capital equipment and facility spending decisions on a life cycle cost basis."

—Professor Douglas Gransberg, University of Oklahoma

Table of Contents

Introduction

Background

Terms and Definitions

Useful Information on Life Cycle Costing

Scope of the Book

Problems

References

Life Cycle Costing Economics

Introduction

Simple Interest

Compound Interest

Effective Annual Interest Rate

Time-Dependent Formulas for Application in Life Cycle Cost Analysis

Depreciation Methods

Problems

References

Life Cycle Costing Fundamentals

Introduction

Need and Information Required for Life Cycle Costing

Life Cycle Costing Application Areas

Life Cycle Costing Activities and Associated Steps

Approach for Incorporating Life Cycle Costing into the Planning Process for Proposals and Contracts

Areas for Evaluating a Life Cycle Costing Program

Life Cycle Costing Data Sources

Life Cycle Costing Advantages and Disadvantages and Related Important Points

Life Cycle Costing Concept Application in Selecting Equipment from Competing Manufacturers

Problems

References

Life Cycle Cost Models and Cost Estimation Methods

Introduction

Types of Life Cycle Cost Models and Their Inputs

General Life Cycle Cost Models

Specific Life Cycle Cost Models

Cost Estimation Methods

Problems

References

Reliability, Quality, Safety, and Manufacturing Costing

Introduction

Reliability Cost Classifications

Models for Estimating Costs of Reliability-Related Tasks

Quality Cost Classifications and Their Distribution in the Industrial Sector

Quality Cost Indexes and Quality Cost Reduction Approach

Safety Cost and Its Related Facts and Figures

Safety Cost Estimation Models

Manufacturing Costs

Manufacturing Cost Estimation Models

Problems

References

Maintenance, Maintainability, Usability, and Warranty Costing

Introduction

Reasons for Maintenance Costing, Factors Influencing Maintenance Cost, and Types of Maintenance Costs

Equipment Maintenance Cost

Preventive and Corrective Maintenance Labor Cost Estimation

Repair Manpower, Maintenance Material, and Spare and Repair Parts Costs

Maintenance Cost Estimation Models

Maintenance Cost Data Collection

Maintainability Investment Cost Elements

Manufacturer Warranty and Reliability Improvement Warranty Costs

Usability Costing and Related Facts and Figures

Principal Costs of Ignoring Product Usability and Product Usability Cost Estimation

Problems

References

Computer System Life Cycle Costing

Introduction

Computer System Life Cycle Cost Models

Computer System Maintenance Cost

Software Costing and Related Difficulties

Software Life Cycle Cost Influencing Factors and Model

Software Cost Estimation Methods and Models

Problems

References

Transportation System Life Cycle Costing

Introduction

Aircraft Life Cycle Cost

Aircraft Turbine Engine Life Cycle Cost

Aircraft Cost Drivers

Cargo Ship Life Cycle Cost

Operating and Support Costs for Ships

Urban Rail Life Cycle Cost

Car Life Cycle Cost

City Bus Life Cycle Cost Estimation Model

Problems

References

Civil Engineering Structures and Energy Systems Life Cycle Costing

Introduction

Building Life Cycle Cost

Steel Structure Life Cycle Cost

Bridge and Waste Treatment Facilities Life Cycle Costs

Building Energy Cost Estimation

Appliance Life Cycle Costing

Energy System Life Cycle Cost Estimation Model

Motor, Pump, and Circuit-Breaker Life Cycle Costs

Problems

References

Miscellaneous Cost Estimation Models

Introduction

Plant Cost Estimation Model

Reliability Acquisition Cost Estimation Model

Development Cost Estimation Model

Program Error Cost Estimation Model

Cooling Tower Cost Estimation Model

Storage Tank Cost Estimation Model

Pressure Vessel Cost Estimation Model

New Aircraft System Spares Cost Estimation Model

Satellite Procurement Cost Estimation Model

Single-Satellite System Launch Cost Estimation Model

Tank Gun System Life Cycle Cost Estimation Model

Weather Radar Life Cycle Cost Estimation Model

Problems

References

Introduction to Engineering Reliability and Maintainability

Introduction

Reliability and Maintainability Definitions

Bathtub Hazard Rate Curve

General Reliability, Mean Time to Failure, and Hazard Rate Formulas

Common Reliability Networks

Reliability and Maintainability Relationship

Maintainability Measures

System Availability and Unavailability

Reliability and Maintainability Tools

Problems

References

Bibliography: Literature on Life Cycle Costing

Index

About the Author

B.S. Dhillon is a professor in the Department of Mechanical Engineering at the University of Ottawa.

Subject Categories

BISAC Subject Codes/Headings:
TEC009020
TECHNOLOGY & ENGINEERING / Civil / General
TEC009060
TECHNOLOGY & ENGINEERING / Industrial Engineering
TEC020000
TECHNOLOGY & ENGINEERING / Manufacturing
TEC032000
TECHNOLOGY & ENGINEERING / Quality Control