Download or read book Life cycle costing Advantages disadvantages and criticism of this procedure written by Roberto Niesing and published by GRIN Verlag. This book was released on 2008-06-25 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2008 in the subject Business economics - Accounting and Taxes, grade: 2,0, University of Glamorgan, language: English, abstract: Sustainability is developing in as important target for an increasing number of industries and governments. Especially in a faster moving world, which is determined by quarterly period reports, a long term orientation can be a competitive advantage for unlisted companies. In the 1960 ́s the US Department of Defense began to develop a tool to handle increasing costs. They recognized that the purchase price was not the only important criteria. Training or maintaining costs had to be considered for the total cost calculation, too. However, several definitions of Life cycle costing (LCC) exist that tend to be similar: ’monitoring the cost incurred throughout a product’s life cycle’ (Woodward, 1997) or ‘LCC is the sum of all costs incurred during the life cycle of a building, system or product. It includes the costs of the project, development, and acquisition, operation, conservation and maintenance and salvage value if it exists.’ (Goralczyk, and Kulczycka, 2005). In the following essay several functions of life cycle costing will be drawn up. Furthermore, advantages, disadvantages and criticism of this procedure will be analyzed.
Download or read book Life Cycle Costing written by B. S. Dhillon and published by Psychology Press. This book was released on 1989 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evaluating the cost of acquiring major pieces of equipment also necessitates costing their life maintenance. Providing coverage of recent advances in this field, this book covers such topics as reliability improvement warranty, computer hardware/software costing, and reliability engineering.
Download or read book Life Cycle Costing written by Subramanian Senthilkannan Muthu and published by Springer Nature. This book was released on 2023-10-09 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life Cycle Costing (LCC) is a well-known and popular method to evaluate the economic sustainability, which as the term implies is structured on the life cycle of a product or process. LCC is a method primarily consisting of estimating the total cost of a product, taking into account the whole life cycle of the product as well as the direct and external costs. It is one of the important methods and tools under the sustainability umbrella. This book describes the concept of LCC and offers several interesting case studies.
Download or read book Life Cycle Costing for Engineers written by B.S. Dhillon and published by CRC Press. This book was released on 2009-10-26 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book Systems Life Cycle Costing written by John V. Farr and published by CRC Press. This book was released on 2011-06-20 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although technology and productivity has changed much of engineering, many topics are still taught in very similarly to how they were taught in the 70s. Using a new approach to engineering economics, Systems Life Cycle Costing: Economic Analysis, Estimation, and Management presents the material that a modern engineer must understand to work as a practicing engineer conducting economic analysis. Organized around a product development process that provides a framework for the material, the book presents techniques such as engineering economics and simulation-based costing (SBC), with a focus on total life cycle understanding and perspective and introduces techniques for detailed analysis of modern complex systems. The author includes rules of thumb for estimation grouped with the methods, processes, and tools (MPTs) for conducting a detailed engineering buildup for costing. He presents the estimating costing of complex systems and software and then explores concepts such as design to cost (DTC), cost as an independent variable (CAIV), the role of commercial off-the-shelf technology, cost of quality, and the role of project management in LCC management. No product or services are immune from cost, performance, schedule, quality, risks, and tradeoffs. Yet engineers spend most of their formal education focused on performance and most of their professional careers worrying about resources and schedule. Too often, the design stage becomes about the technical performance without considering the downstream costs that contribute to the tota1 life cycle costs (LCC) of a system. This text presents the methods, processes, and tools needed for the economic analysis, estimation, and management that bring these costs in line with the goals of pleasing the customer and staying within budget.
Download or read book Wiley CMA Exam Review 2022 Study Guide Part 1 written by Wiley and published by John Wiley & Sons. This book was released on 2021-11-16 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepare for success on the first part of the 2022 CMA exam with this essential study aid The Wiley CMA Exam Review 2022 Part 1 Study Guide: Financial Planning, Performance, and Analytics is a comprehensive and accurate handbook designed to help you identify and master each of the competencies covered by the first part of the 2022 Certified Management Accountant exam. It includes material on: External Financial Reporting Decisions Planning, Budgeting, and Forecasting Performance Management Cost Management Internal Controls Technology and Analytics Ideal for anyone preparing for the challenging CMA series of exams, the Wiley CMA Exam Review 2022 Part 1 Study Guide: Financial Planning, Performance, and Analytics is also a perfect companion resource for early-career management accountants seeking a refresher on foundational topics they’re likely to encounter regularly at work.
Download or read book Wiley CMA Exam Review 2023 Study Guide Part 1 written by Wiley and published by John Wiley & Sons. This book was released on 2022-11-08 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Systems Lifecycle Cost Effectiveness written by Massimo Pica and published by Routledge. This book was released on 2016-04-01 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional costing models for new systems and new buildings in industry, defence or government, have tended to focus on the costs of acquisition and implementation, with scant regard for the costs of running the system or decommissioning after use. The pressure to minimize expenditure and provide value for money from reduced resources means that complex projects have to encompass a wide range of often conflicting issues and interests. Systems Lifecycle Cost-Effectiveness shows how to manage the difficulties that can arise. Optimizing the system lifecycle cost-effectiveness is complex and influenced by many factors. Massimo Pica presents a variety of models for calculating cost, benefits and risk in projects, and explains how the human factors associated with a system’s design and consequent value are as important as the technical costs associated with its construction or creation. This comprehensive text can be used by students, experienced system engineers, cost analysts and managers to improve their understanding of the wide range of issues involved in the evaluation of system life cycle cost-effectiveness.
Download or read book Life Cycle Costing written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life Cycle Costing (LCC) is a well-known and popular method to evaluate the economic sustainability, which as the term implies is structured on the life cycle of a product or process. LCC is a method primarily consisting of estimating the total cost of a product, taking into account the whole life cycle of the product as well as the direct and external costs. It is one of the important methods and tools under the sustainability umbrella. This book describes the concept of LCC and offers several interesting case studies.
Download or read book Cost Benefit Analysis of Groundwater Policy and Projects with Case Studies written by Charles A. Job and published by CRC Press. This book was released on 2021-07-27 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The competition for groundwater sources as a water supply reinforces the need for a strong economic rationale in decision-making. Evaluating economic decisions in the context of total water management and life-cycle water use is essential to making critical development and remediation choices. This revised volume provides fundamental economic and policy concepts related to groundwater, discusses important factors in life-cycle cost-benefit evaluation and explains triple-bottom-line analysis for different groundwater projects. It includes new and updated case studies on groundwater issues with solutions for a range of situations based on economic data. FEATURES OF THIS VOLUME Provides an understanding for the fundamental economic approaches to groundwater policy and project evaluation Incorporates life-cycle cost-benefit approaches in a triple-bottom-line framework Includes new case studies on the economics of health protection, managed aquifer recharge, local versus regional supply and strategic life-cycle analysis Addresses local and regional groundwater economic choices through a series of practical applications Explores transboundary, international, climate change and macroeconomic factors influencing groundwater project and program decisions Cost-Benefit Analysis of Groundwater Policy and Projects, with Case Studies, Second Edition, the second volume of the two-volume set Groundwater Economics, is a must-have for any professional or student who needs to understand and evaluate water resources and manage their use from a variety of sustainable approaches.
Download or read book Journal of Research of the National Bureau of Standards written by United States. National Bureau of Standards and published by . This book was released on 1980 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Obtaining Life Cycle Cost Effective Facilities in the Department of Defense written by Constantine Samaras and published by Rand Corporation. This book was released on 2013-03-05 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Defense (DoD) constructs, operates, and maintains a large number of facilities. DoD incorporates life-cycle cost-effective practices into many aspects of the military planning and construction processes. This report provides RAND's description and assessment of the process used to obtain life-cycle cost-effective facilities and how that affects DoD construction options and choices.
Download or read book Engineering and Technology Management Tools and Applications written by B. S. Dhillon and published by Artech House. This book was released on 2002 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Career success for engineers who wish to move up the management ladder, requires more than an understanding of engineering and technological principles OCo it demands a profound understanding of todayOCOs business management issues and principles. In this unique book, the author provides you with a valuable understanding of contemporary management concepts and their applications in a technical organization. You get in-depth coverage of product selection and management, engineering design and product costing, concurrent engineering, value management, configuration management, risk management, reengineering strategies and benefits, managing creativity and innovation, information technology management, and software management. The large number of solved examples highlighted throughout the text underscore the value of this book as an indispensable OC How ToOCO manual, and library reference piece."
Download or read book CIMA P2 written by BPP Learning Media and published by BPP Learning Media. This book was released on 2012-08-01 with total page 649 pages. Available in PDF, EPUB and Kindle. Book excerpt: CIMA offers a business qualification with a finance focus, aiming to produce members with accounting prowess who are skilled in strategic decision-making. 98% of its members work in business, the highest proportion of any worldwide accountancy body. Paper P2 - Performance Management is the second paper in the Performance pillar. It builds on Paper P1 knowledge as well as introducing such new topics as transfer pricing. The paper focuses on the ability to discuss and evaluate results as well as use techniques to calculate the numbers.The syllabus is concerned with * Analysis and discussion of pricing and product decisions * Evaluation of techniques used to in cost planning and analysis for competitive advantage * Evaluation of performance using budgets and discussion of issues in using budgets for this purpose * Discussion of how to measure performance of responsibility centres and evaluation of the usefulness of these techniquesP1 requires a good understanding of the underlying concepts and techniques in all five areas.P1 also needs you to be able to apply these concepts to practical situations, evaluate them critically and interpret the results. The P2 study text provides comprehensive coverage of the complete P2 syllabus. It features step-by-step guides to such topics as limiting factor analysis, multi-product breakeven analysis and budgeting. Each chapter includes numerous simple and comprehensive examples of how to apply various techniques. Areas that students traditionally find difficult - such as linear programming and transfer pricing - are dealt with in dedicated chapters that break these topics down into manageable sections and give students plenty of opportunities to practise techniques.
Download or read book Life Cycle Cost and Performance of Civil Infrastructure Systems written by Hyo-Nam Cho and published by CRC Press. This book was released on 2007-07-18 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This bookcontains papers covering a wide range of studies on life-cycle performance analysis, design, maintenance, monitoring, management, and cost of civil infrastructure systems. Topics include reliability and optimization as design basis tools, monitoring systems, life-cycle cost analysis and management, bridge management systems, and quality control acceptance criteria. The book also discusses seismic reliability analysis of deteriorating structures, bridge inspection strategies, life-cycle cost analysis of structures on a network level, optimal risk-based design of infrastructures, updating bridge reliability using load monitoring data and statistics of extremes, rehabilitation of bridges, and lifetime analysis and structural repair of civil infrastructure systems.
Download or read book Whole Life Cycle Costing written by Abdelhalim Boussabaine and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whole life-cycle costing (WLCC) is rapidly becoming the standard method for the long-term cost appraisal of buildings and civil infrastructure projects. With clients now demanding buildings that demonstrate value for money over the long term, WLCC has become an essential tool for those involved in the design, construction, operation and risk analysis of construction projects. Whole-life costing: risk and risk responses offers a thorough grounding in both the theory and practical application of WLCC. Part I deals with the fundamentals, providing the general background to appreciate WLCC concepts and whole life risk management techniques at the key decision-making milestones through a project’s life. Part II covers the design stage, including service life forecasting and environmental life-cycle assessment techniques in WLCC. Practical frameworks both for assessing whole life risks and risk responses, as well as guidance on developing WLCC budget estimates are also developed. In Part III, the authors consider WLCC during the construction and operations stages, with a strong emphasis upon risk analysis methods and dynamic WLCC assessment. With its mixture of established theory, best practice and innovative approaches, this book will help you make more accurate assessments of the long-term cost effectiveness of projects by: providing a thorough grounding in the theory of WLCC demonstrating how decision-making uncertainty can be reduced by basing choices on sound risk management principles identifying a systematic approach to planning the post-occupancy costs.
Download or read book Wiley CIAexcel Exam Review 2017 written by S. Rao Vallabhaneni and published by John Wiley & Sons. This book was released on 2017-07-12 with total page 1104 pages. Available in PDF, EPUB and Kindle. Book excerpt: WILEY CIAexcel EXAM REVIEW 2017 THE SELF-STUDY SUPPORT YOU NEED TO PASS THE CIA EXAM Part 3: Internal Audit Knowledge Elements Provides comprehensive coverage based on the exam syllabus, along with multiple-choice practice questions with answers and explanations Deals with governance and business ethics, risk management, information technology, and the global business environment Features a glossary of CIA Exam terms—good source for candidates preparing for and answering the exam questions Assists the CIA Exam candidate in successfully preparing for the exam Based on the CIA body of knowledge developed by The Institute of Internal Auditors (IIA), Wiley CIAexcel Exam Review 2017 learning system provides a student-focused and learning-oriented experience for CIA candidates. Passing the CIA Exam on your first attempt is possible. We'd like to help. Feature section examines the topics of Governance and Business Ethics, Risk Management, Organizational Structure and Business Processes and Risks, Communications, Management and Leadership Principles, IT and Business Continuity, Financial Management, and Global Business Environment
