Transcription of Life Cycle Cost Summary - Barringer1.com
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Life Cycle Cost Summary - Barringer1.com
A life Cycle cost Summary H. Paul Barringer, Barringer & Associates, Inc. Humble, Texas USA. International Conference of Maintenance Societies (ICOMS -2003). Sheraton Hotel Perth, Western Australia AUSTRALIA. May 20-23, 2003. Presented by Maintenance Engineering Society of Australia, A Technical Society Of The Institution of Engineers, Australia Page 1 of 10 ICOMS-2003. A life Cycle cost Summary H. Paul Barringer, , Barringer & Associates, Inc., Summary : life Cycle costs (LCC) are cradle to grave costs summarized as an economics model of evaluating alternatives for equipment and projects. Engineering details drive LCC cost numbers for the economic calculations. The economics of proposals drives the scenario selection process. Good engineering proposals without economic justification are often uneconomical. Good engineering with good economics provide business successes. The LCC economic model provides better assessment of long-term cost effectiveness of projects than can be obtained with only first costs decisions.
2 of 10 A Life Cycle Cost Summary ICOMS 2003 A Life Cycle Cost Summary H. Paul Barringer, P.E., Barringer & Associates, Inc., SUMMARY: Life cycle costs (LCC) are cradle to grave costs summarized as an economics model of evaluating alternatives for equipment and projects.
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