Abstract
The aim of this chapter is to describe the technique of life cycle costing and to illustrate it with an example. We also develop a life cycle asset management plan for an item. Outcomes After reading this chapter you will understand the reason for life cycle costing and have seen a check list of factors that go into a life cycle costing analysis. You will have seen an example of a life cycle cost analysis. You will understand the concept of a life cycle asset management plan.
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Notes
- 1.
Australian Standard AS 4536 Life Cycle Costing.
- 2.
AS/NZS 15288 Systems Engineering—System life cycle processes.
- 3.
IEC 60300-3-3 Life Cycle Costing.
- 4.
ISO 55002 Clause 6.2.1.3 d.
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© 2015 Springer International Publishing Switzerland
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Hastings, N.A.J. (2015). Life Cycle Costing. In: Physical Asset Management. Springer, Cham. https://doi.org/10.1007/978-3-319-14777-2_8
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DOI: https://doi.org/10.1007/978-3-319-14777-2_8
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Publisher Name: Springer, Cham
Print ISBN: 978-3-319-14776-5
Online ISBN: 978-3-319-14777-2
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