Life Cycle Cost Modeling and Simulation to Determine the Economic Service Life of Aging Aircraft

Abstract

Estimating the point at which the advantages of a modem aircraft alternative exceed the economic burden of maintaining aging aircraft is very complex. This paper presents a cost estimating methodology to forecast costs associated with * maintaining an aging aircraft fleet, by combining traditional Operation and Support (O&S) cost elements from a USAF AFI 65-503 CORE model, with expert analysis to quantify maintenance cost growth due to aging. The result is an Economic Service Life (ESL) model that can be used to determine the economic service life of an aircraft. The uncertainties associated with long-range forecasting are considered by combining range estimates within a Monte Carlo simulation for each critical input variable.

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Document Details

Document Type
Technical Report
Publication Date
Feb 01, 2003
Accession Number
ADP014090

Entities

People

  • K. E. Burns
  • K. R. Sperry

Organizations

  • Boeing

Tags

Communities of Interest

  • Air Platforms

DTIC Thesaurus Topics

  • Air Force
  • Aircraft Industry
  • Aircrafts
  • Airframes
  • Cost Analysis
  • Cost Estimates
  • Costs
  • Data Analysis
  • Delphi Method
  • Economic Analysis
  • Health Care
  • Information Systems
  • Life Cycle Costs
  • Life Cycles
  • Maintenance
  • Maintenance Costs
  • United States

Fields of Study

  • Business

Readers

  • Aerospace Engineering
  • Computational Modeling and Simulation
  • Life Cycle Cost Analysis