Life Cycle Costing for Engineers

Life Cycle Costing for Engineers

By: B. S. Dhillon (author)Hardback

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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.

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About Author

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


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

Product Details

  • publication date: 27/10/2009
  • ISBN13: 9781439816882
  • Format: Hardback
  • Number Of Pages: 224
  • ID: 9781439816882
  • weight: 453
  • ISBN10: 1439816883

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