Current Trends in Life Cycle Cost Analysis.

Abstract

Life Cycle Costing (LCC) or more appropriately Life Cycle Cost-Effectiveness Analysis (LCCEA) has become established in the defence departments of many countries as a necessary part of equipment procurement procedures. LCC refers to the total cost of ownership; from research and development, through acquisition, operations and maintenance, to final disposal. However, it is often difficult to carry out convincing analyses which will impact on the final decision. Hundreds of LCC models have been developed in the USA and in certain Commonwealth countries. These models vary in complexity and generality; often they require computer assistance to manipulate large amounts of data. Unfortunately, detailed cost information can be difficult to collect and large data bases and computer models can be costly to operate and maintain. With the advent of micro-computers and powerful hand-held programmable calculators, a trend towards a more modest, practical approach has begun.

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Document Details

Document Type
Technical Report
Publication Date
Jul 01, 1982
Accession Number
ADA125387

Entities

People

  • I. W. Taylor
  • K. R. Kavanagh

Tags

Communities of Interest

  • Ground and Sea Platforms
  • Human Systems

DTIC Thesaurus Topics

  • Acquisition
  • Computer Programs
  • Computers
  • Contracts
  • Cost Analysis
  • Cost Effectiveness
  • Delphi Method
  • Life Cycle Costs
  • Life Cycle Management
  • Life Cycles
  • Logistics
  • Maintenance
  • National Security
  • Operations Research
  • Personnel Management
  • Procurement
  • Training

Readers

  • Aerospace Test and Evaluation
  • Defense Technology Research and Development.
  • Systems Analysis and Design