Transcription of Life Cycle Costing: Concept and Practice
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Life Cycle Costing: Concept and Practice
OMEGA The Int. JI of Mgmt Sci. Vol. 9, No. 3. pp. 287 to 296. 1981 0305-0483/81 Printed in Great Britain. All rights reserved Copyright 1981 Pergamon Press Ltd Life Cycle Costing: Concept and Practice YOSEF S SHERIF University of Alabama, USA WILLIAM J KOLARIK Texas Tech University, USA (Received November 1979; in revised form October 1980) This paper traces the development of the life Cycle costing (LCC) technique in the United States and classifies documented LCC literature by both model type and application. LCC was originally developed as a formal analysis tool by the US Department of Defense. It has now been successfully applied in the industrial and consumer segments.
liability and maintainability all within a cost framework. Fricker [47] has argued, primarily from a conceptual standpoint, that reliability and maintainability considerations, as expressed through availability, represent 'cost drivers' which will have a large impact on LCC optimization.
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