Planning of LCC under Constraint of Long Term Budget

Planning of LCC under Constraint of Long Term Budget (1997)
Alex Barel, Ph.D, ALD Ltd., Israel
Boris Zaets, ALD Ltd., Israel

 
Life cycle cost (LCC) of the system/equipment is used usually as one of the main parameters for choosing the best among the considered alternatives.
The alternatives can be of many kinds: optimal maintenance concept, new design Vs improvement of existing one, purchasing from different suppliers etc.
This article deals with additional usage of LCC as tool for decision making: adjustments of different expenses, as a part of acquisition and support (LCC distribution over the life time) to long term budget.