Design Optimization using Life Cycle Cost Analysis for Low Operating Costs
Abstract
With the increase competition among airlines to capture the customer base, more and more airlines demanding the aerospace industry to produce aircraft with high reliability and low maintenance costs. Similarly, aircraft manufacturers that once had the monopoly in various sectors, that is, small & large jets, propellers, business jet are now facing fierce competition. In response to airline industry, manufacturers are increasingly paying more attention to optimize new and current designs to improve reliability while low operating cost aircraft. This paper covers one of several methodologies available to optimize the design of an aircraft. The Life Cycle Cost (LCC) analysis is a powerful tool that has been used extensively on two new designs at Bombardier Aerospace. Several publications are available in public domain covering theoretical aspects of Engineering Economics, including Life Cycle Cost. The Life Cycle Cost analysis is a systematic approach in applying engineering economics to determine the best solution for a design over the useful life of the aircraft, from an economic standpoint.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 2000
- Accession Number
- ADP010423
Entities
People
- Graeme D. Houston
- Khalid A. Khan