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Book Details :
Published on: 2014-11-17
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Original language: English

Master's Thesis from the year 2014 in the subject Business economics - Controlling, grade: 1,3, Technical University of Munich, language: English, abstract: Today, the purchase decision about machines and plants is not made on initial procurement costs alone, but rather on the life cycle costs as well. There is the danger that the machine's follow-up costs exceed the acquisition price. Therefore, the life cycle cost estimation increasingly becomes an essential tool for a cost-effective investment decision. This thesis investigates the life cycle cost calculation of machines and plants as an investment decision tool from the operator's perspective. After outlining the significance and conception of life cycle costing in the field of mechanical engineering, existing cost estimation models and approaches, as well as specific values of dependability, are presented. Therein, especially the problematic nature of operation cost (follow-up cost) estimation, caused mainly by maintenance and repair costs, is discussed. In order to improve the life cycle cost estimation, along with some proposals for enhancing the existing methods, a new approach based on the Weibull and Gamma distribution is provided with focus on failure related repair costs. In this context, the aspects of standardisation, uncertainty and discounting are carved out. Due to the fact that operators increasingly demand for cost guarantee contracts, contract design recommendations are facilitated. Finally, the life cycle cost concept as an operator's purchase decision tool about machines and plants is assessed and summarised in regard to its practicality. A Life Cycle Cost Calculation and Management System for ... A Life Cycle Cost Calculation and Management System for Machine Tools ... life cycle costs ... national project LoeWe ... Life Cycle Costing as a Tool of Project Controlling in the ... Life Cycle Costing as a Tool of Project Controlling in the Field ... life cycle costing in mechanical engineering ... cycle costing tool project controlling field ... Overview: What is Life Cycle Costing ? - simple Overview: What is Life Cycle Costing? Introduction. This Life Cycle Costing Tool has been developed to assist asset managers in decision making based on performing a ... Life Cycle Costing of Civil Engineering Projects Life Cycle Costing of Civil Engineering ... series of expenditures over the projects life cycle. ... government had total control of the capital input into ... Project Management: Processes Methodologies and ... Project Management: Processes Methodologies and ... Life-Cycle Costing 5: Project ... and industrial engineering in the Mechanical Engineering ... GUIDELINES FOR LIFE CYCLE COST ANALYSIS lines for Life Cycle Cost ... As a quality assurance tool LCCA is ... The Project Team will assess the value to the project of up to 14 possible life cycle cost ... 1.8 Life Cycle Costing - GSA Home Life Cycle Costing ... Mechanical Engineering. 6 ... It is extremely important for the effective development of the project that commitments are made and retained ... Project Cost Control Tools & Techniques - Jason Owens ... electronic or mechanical ... Project Cost Control Tools & Techniques ... aspects of life-cycle costing are presented and opportunities for optimizing ... Major Equipment Life-cycle Cost Analysis Major Equipment Life-cycle Cost Analysis. Douglas D. Gransberg Principal Investigator Institute for Transportation ... Table 1.1 Project Schedule ... ELEMENTS OF MECHANICAL EQUIPMENT LIFE-CYCLE COST ANALYSIS complete mechanical equipment life-cycle cost evaluation ... Control Room Interface Commissioning Field checks ... schedule on project cash flow. For short cycle ...
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