Engineering Economics of Life Cycle Cost Analysis

Engineering Economics of Life Cycle Cost Analysis
  • Author : John Vail Farr,Isaac Faber
  • Publisher : CRC Press
  • Pages : 356
  • Relase : 2018-10-17
  • ISBN : 9780429881237

Engineering Economics of Life Cycle Cost Analysis Book Review:

Engineering has changed dramatically in the last century. With modern computing systems, instantaneous communication, elimination of low/mid management, increased complexity, and extremely efficient supply chains, all have dramatically affected the responsibilities of engineers at all levels. The future will require cost effective systems that are more secure, interconnected, software centric, and complex. Employees at all levels need to be able to develop accurate cost estimates based upon defensible cost analysis. It is under this backdrop that this book is being written. By presenting the methods, processes, and tools needed to conduct cost analysis, estimation, and management of complex systems, this textbook is the next step beyond basic engineering economics. Features Focuses on systems life cycle costing Includes materials beyond basic engineering economics, such as simulation-based costing Presents cost estimating, analysis, and management from a total ownership cost perspective Offers numerous real-life examples Provides excel based textbook/problems Offers PowerPoint slides, Solutions Manual, and author website with downloadable excel solutions, etc.

Systems Life Cycle Costing

Systems Life Cycle Costing
  • Author : John V. Farr
  • Publisher : CRC Press
  • Pages : 318
  • Relase : 2011-06-20
  • ISBN : 9781439828915

Systems Life Cycle Costing Book Review:

Although technology and productivity has changed much of engineering, many topics are still taught in very similarly to how they were taught in the 70s. Using a new approach to engineering economics, Systems Life Cycle Costing: Economic Analysis, Estimation, and Management presents the material that a modern engineer must understand to work as a practicing engineer conducting economic analysis. Organized around a product development process that provides a framework for the material, the book presents techniques such as engineering economics and simulation-based costing (SBC), with a focus on total life cycle understanding and perspective and introduces techniques for detailed analysis of modern complex systems. The author includes rules of thumb for estimation grouped with the methods, processes, and tools (MPTs) for conducting a detailed engineering buildup for costing. He presents the estimating costing of complex systems and software and then explores concepts such as design to cost (DTC), cost as an independent variable (CAIV), the role of commercial off-the-shelf technology, cost of quality, and the role of project management in LCC management. No product or services are immune from cost, performance, schedule, quality, risks, and tradeoffs. Yet engineers spend most of their formal education focused on performance and most of their professional careers worrying about resources and schedule. Too often, the design stage becomes about the technical performance without considering the downstream costs that contribute to the tota1 life cycle costs (LCC) of a system. This text presents the methods, processes, and tools needed for the economic analysis, estimation, and management that bring these costs in line with the goals of pleasing the customer and staying within budget.

Affordable Reliability Engineering

Affordable Reliability Engineering
  • Author : William R. Wessels,Daniel Sillivant
  • Publisher : CRC Press
  • Pages : 378
  • Relase : 2015-04-16
  • ISBN : 9781482219678

Affordable Reliability Engineering Book Review:

How Can Reliability Analysis Impact Your Company’s Bottom Line? While reliability investigations can be expensive, they can also add value to a product that far exceeds its cost. Affordable Reliability Engineering: Life-Cycle Cost Analysis for Sustainability & Logistical Support shows readers how to achieve the best cost for design development testing and evaluation and compare options for minimizing costs while keeping reliability above specifications. The text is based on the premise that all system sustainment costs result from part failure. It examines part failure in the design and sustainment of fielded parts and outlines a design criticality analysis procedure that reflects system design and sustainment. Achieve the Best Cost for Life-Cycle Sustainment Providing a framework for managers and engineers to develop and implement a reliability program for their organizations, the authors present the practicing professional with the tools needed to manage a system at a high reliability at the best cost. They introduce analytical methods that provide the methodology for integrating part reliability, failure, maintainability, and logistic math models. In addition, they include examples on how to run reliability simulations, highlight tools that are commercially available for such analysis, and explain the process required to ensure a design will meet specifications and minimize costs in the process. This text: Demonstrates how to use information gathered from reliability investigations Provides engineers and managers with an understanding of a reliability engineering program so that they can perform reliability analyses Seeks to resolve uncertainty and establish the value of reliability engineering Affordable Reliability Engineering: Life-Cycle Cost Analysis for Sustainability & Logistical Support focuses on reliability-centered maintenance and is an ideal resource for reliability engineers and managers. This text enables reliability professionals to determine the lowest life-cycle costs for part selection, design configuration options, and the implementation of maintenance practices, as well as spare parts strategies, and logistical resources.

Cost Analysis of Electronic Systems

Cost Analysis of Electronic Systems
  • Author : Peter Sandborn
  • Publisher : World Scientific
  • Pages : 440
  • Relase : 2013
  • ISBN : 9789814383356

Cost Analysis of Electronic Systems Book Review:

Understanding the cost ramifications of design, manufacturing and life-cycle management decisions is of central importance to businesses associated with all types of electronic systems. Cost Analysis of Electronic Systems contains carefully developed models and theory that practicing engineers can directly apply to the modeling of costs for real products and systems. In addition, this book brings to light and models many contributions to life-cycle costs that practitioners are aware of but never had the tools or techniques to address quantitatively in the past.Cost Analysis of Electronic Systems melds elements of traditional engineering economics with manufacturing process and life-cycle cost management concepts to form a practical foundation for predicting the cost of electronic products and systems. Various manufacturing cost analysis methods are addressed including: process-flow, parametric, cost of ownership, and activity-based costing. The effects of learning curves, data uncertainty, test and rework processes, and defects are considered. Aspects of system sustainment and life-cycle cost modeling including reliability (warranty, burn-in), maintenance (sparing and availability), and obsolescence are treated. Finally, total cost of ownership of systems and return on investment are addressed.Real life design scenarios from integrated circuit fabrication, electronic systems assembly, substrate fabrication, and electronic systems managementare used as examples of the application of the cost estimation methods developed within the book.

Engineering Economics of Life Cycle Cost Analysis

Engineering Economics of Life Cycle Cost Analysis
  • Author : John Vail Farr,Isaac Faber
  • Publisher : CRC Press
  • Pages : 356
  • Relase : 2018-10-17
  • ISBN : 9780429881220

Engineering Economics of Life Cycle Cost Analysis Book Review:

Engineering has changed dramatically in the last century. With modern computing systems, instantaneous communication, elimination of low/mid management, increased complexity, and extremely efficient supply chains, all have dramatically affected the responsibilities of engineers at all levels. The future will require cost effective systems that are more secure, interconnected, software centric, and complex. Employees at all levels need to be able to develop accurate cost estimates based upon defensible cost analysis. It is under this backdrop that this book is being written. By presenting the methods, processes, and tools needed to conduct cost analysis, estimation, and management of complex systems, this textbook is the next step beyond basic engineering economics. Features Focuses on systems life cycle costing Includes materials beyond basic engineering economics, such as simulation-based costing Presents cost estimating, analysis, and management from a total ownership cost perspective Offers numerous real-life examples Provides excel based textbook/problems Offers PowerPoint slides, Solutions Manual, and author website with downloadable excel solutions, etc.

Maintenance Costs and Life Cycle Cost Analysis

Maintenance Costs and Life Cycle Cost Analysis
  • Author : Diego Galar,Peter Sandborn,Uday Kumar
  • Publisher : CRC Press
  • Pages : 492
  • Relase : 2017-09-18
  • ISBN : 9781498769556

Maintenance Costs and Life Cycle Cost Analysis Book Review:

Authors have attempted to create coherent chapters and sections on how the fundamentals of maintenance cost should be organized, to present them in a logical and sequential order. Necessarily, the text starts with importance of maintenance function in the organization and moves to life cycle cost (LCC) considerations followed by the budgeting constraints. In the process, they have intentionally postponed the discussion about intangible costs and downtime costs later on in the book mainly due to the controversial part of it when arguing with managers. The book will be concluding with a short description of a number of sectors where maintenance cost is of critical importance. The goal is to train the readers for a deeper study and understanding of these elements for decision making in maintenance, more specifically in the context of asset management. This book is intended for managers, engineers, researchers, and practitioners, directly or indirectly involved in the area of maintenance. The book is focused to contribute towards better understanding of maintenance cost and use of this knowledge to improve the maintenance process. Key Features: • Emphasis on maintenance cost and life cycle cost especially under uncertainty. • Systematic approach of how cost models can be applied and used in the maintenance field. • Compiles and reviews existing maintenance cost models. • Consequential and direct costs considered. • Comparison of maintenance costs in different sectors, infrastructure, manufacturing, transport.

Engineering Economic Analysis

Engineering Economic Analysis
  • Author : Donald G. Newnan,Ted Eschenbach,J. D. Whittaker,Jerome P. Lavelle,John Jones
  • Publisher :
  • Pages : 528
  • Relase : 2018-02-05
  • ISBN : 0199025118

Engineering Economic Analysis Book Review:

Praised for its accessible tone and extensive problem sets, this trusted text familiarizes students with the universal principles of engineering economics. This essential introduction features a wealth of specific Canadian examples and has been fully updated with new coverage of inflation andenvironmental stewardship as well as a new chapter on project management.

Systems Lifecycle Cost-Effectiveness

Systems Lifecycle Cost-Effectiveness
  • Author : Massimo Pica
  • Publisher : Routledge
  • Pages : 182
  • Relase : 2016-04-01
  • ISBN : 9781317047148

Systems Lifecycle Cost-Effectiveness Book Review:

Traditional costing models for new systems and new buildings in industry, defence or government, have tended to focus on the costs of acquisition and implementation, with scant regard for the costs of running the system or decommissioning after use. The pressure to minimize expenditure and provide value for money from reduced resources means that complex projects have to encompass a wide range of often conflicting issues and interests. Systems Lifecycle Cost-Effectiveness shows how to manage the difficulties that can arise. Optimizing the system lifecycle cost-effectiveness is complex and influenced by many factors. Massimo Pica presents a variety of models for calculating cost, benefits and risk in projects, and explains how the human factors associated with a system’s design and consequent value are as important as the technical costs associated with its construction or creation. This comprehensive text can be used by students, experienced system engineers, cost analysts and managers to improve their understanding of the wide range of issues involved in the evaluation of system life cycle cost-effectiveness.

Bridge Life-cycle Cost Analysis

Bridge Life-cycle Cost Analysis
  • Author : Hugh Hawk,National Cooperative Highway Research Program
  • Publisher : Transportation Research Board
  • Pages : 10
  • Relase : 2003
  • ISBN : 9780309068017

Bridge Life-cycle Cost Analysis Book Review:

Accompanying CD-ROM contains software, Guidance manual, User manual, and appendixes to report.

Life Cycle Costing

Life Cycle Costing
  • Author : John W. Bull
  • Publisher : Whittles
  • Pages : 233
  • Relase : 2015
  • ISBN : 1498723217

Life Cycle Costing Book Review:

The key areas of life cycle cost analysis (LCCA) and whole life costing (WLC) are exemplified in this volume with accounts of their application to housing stock, a community hydroelectric power system, various aspects of highway infrastructure, and corrosion protective coatings. Sustainable construction and design requires more than compliance with safety requirements and economic constraints; there is also the impact on the environment, the surrounding population, and users of the infrastructure. This requires a multidimensional perspective of sustainability to be considered in life cycle costing (LCC) combining current design criteria with these other aspects. It has become increasingly important to understand the full costs of civil engineering infrastructure, and the main sources of cost, along the whole supply chain and to identify cost reduction opportunities. The conventional procurement approach without the integration of probabilistic life cycle cost modelling induces substantial long-term maintenance costs. Once deterioration and life cycle cost models have been established, appropriate partnership procurement strategies, associated financing methods, and determination of the project period can be developed. LCC includes the cost of planning, design, acquisition, operation, maintenance, and disposal of buildings and other construction assets, while WLC additionally includes incomes and other costs such as non-construction costs and externalities. In whole life costing, social, environmental, or business costs or benefits are considered as externalities and care must be taken not to double count the impacts when WLC is used together with LCCA. The international examples included in this book illustrate practically the methodology of life cycle costing and the application of life cycle cost analysis to identify the most appropriate method for assessing the relative merits of competing project implementation alternatives.

Life-cycle Cost and Economic Analysis

Life-cycle Cost and Economic Analysis
  • Author : Wolter J. Fabrycky,Benjamin S. Blanchard
  • Publisher :
  • Pages : 384
  • Relase : 1991
  • ISBN : UOM:39015019814873

Life-cycle Cost and Economic Analysis Book Review:

This text explores the fundamental principles and applications of the economic and cost analysis of products and systems, using the life-cycle process. A graded methodology is followed and the book emphasizes the linkage between economic competitiveness and economic analysis.

System Engineering Management

System Engineering Management
  • Author : Benjamin S. Blanchard,John E. Blyler
  • Publisher : John Wiley & Sons
  • Pages : 576
  • Relase : 2016-02-16
  • ISBN : 9781119225317

System Engineering Management Book Review:

A practical, step-by-step guide to total systems management Systems Engineering Management, Fifth Edition is a practical guide to the tools and methodologies used in the field. Using a "total systems management" approach, this book covers everything from initial establishment to system retirement, including design and development, testing, production, operations, maintenance, and support. This new edition has been fully updated to reflect the latest tools and best practices, and includes rich discussion on computer-based modeling and hardware and software systems integration. New case studies illustrate real-world application on both large- and small-scale systems in a variety of industries, and the companion website provides access to bonus case studies and helpful review checklists. The provided instructor's manual eases classroom integration, and updated end-of-chapter questions help reinforce the material. The challenges faced by system engineers are candidly addressed, with full guidance toward the tools they use daily to reduce costs and increase efficiency. System Engineering Management integrates industrial engineering, project management, and leadership skills into a unique emerging field. This book unifies these different skill sets into a single step-by-step approach that produces a well-rounded systems engineering management framework. Learn the total systems lifecycle with real-world applications Explore cutting edge design methods and technology Integrate software and hardware systems for total SEM Learn the critical IT principles that lead to robust systems Successful systems engineering managers must be capable of leading teams to produce systems that are robust, high-quality, supportable, cost effective, and responsive. Skilled, knowledgeable professionals are in demand across engineering fields, but also in industries as diverse as healthcare and communications. Systems Engineering Management, Fifth Edition provides practical, invaluable guidance for a nuanced field.

Life-cycle Cost Analysis in Pavement Design

Life-cycle Cost Analysis in Pavement Design
  • Author : James Walls
  • Publisher :
  • Pages : 107
  • Relase : 1998
  • ISBN : UCBK:C101299818

Life-cycle Cost Analysis in Pavement Design Book Review:

This Interim Technical Bulletin recommends procedures for conducting Life-Cycle Cost Analysis (LCCA) of pavements, provides detailed procedures to determine work zone user costs, and introduces a probabilistic approach to account for the uncertainty associated with LCCA inputs.

Engineering Asset Management

Engineering Asset Management
  • Author : Dimitris Kiritsis,Christos Emmanouilidis,Andy Koronios,Joseph Mathew
  • Publisher : Springer Science & Business Media
  • Pages : 800
  • Relase : 2011-02-03
  • ISBN : 9780857293206

Engineering Asset Management Book Review:

Engineering Asset Management discusses state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Fourth World Congress on Engineering Asset Management (WCEAM). It is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering such topics as asset condition monitoring and intelligent maintenance; asset data warehousing, data mining and fusion; asset performance and level-of-service models; design and life-cycle integrity of physical assets; deterioration and preservation models for assets; education and training in asset management; engineering standards in asset management; fault diagnosis and prognostics; financial analysis methods for physical assets; human dimensions in integrated asset management; information quality management; information systems and knowledge management; intelligent sensors and devices; maintenance strategies in asset management; optimisation decisions in asset management; risk management in asset management; strategic asset management; and sustainability in asset management.

Software Engineering Economics

Software Engineering Economics
  • Author : Barry W. Boehm
  • Publisher : Prentice Hall
  • Pages : 806
  • Relase : 1981
  • ISBN : UOM:39015009797823

Software Engineering Economics Book Review:

Software Engineering Economics is an invaluable guide to determining software costs, applying the fundamental concepts of microeconomics to software engineering, and utilizing economic analysis in software engineering decision making.

Life-Cycle of Engineering Systems: Emphasis on Sustainable Civil Infrastructure

Life-Cycle of Engineering Systems: Emphasis on Sustainable Civil Infrastructure
  • Author : Jaap Bakker,Dan M. Frangopol,Klaas van Breugel
  • Publisher : CRC Press
  • Pages : 438
  • Relase : 2016-11-18
  • ISBN : 9781498777018

Life-Cycle of Engineering Systems: Emphasis on Sustainable Civil Infrastructure Book Review:

This volume contains the papers presented at IALCCE2016, the fifth International Symposium on Life-Cycle Civil Engineering (IALCCE2016), to be held in Delft, The Netherlands, October 16-19, 2016. It consists of a book of extended abstracts and a DVD with full papers including the Fazlur R. Khan lecture, keynote lectures, and technical papers from all over the world. All major aspects of life-cycle engineering are addressed, with special focus on structural damage processes, life-cycle design, inspection, monitoring, assessment, maintenance and rehabilitation, life-cycle cost of structures and infrastructures, life-cycle performance of special structures, and life-cycle oriented computational tools. The aim of the editors is to provide a valuable source for anyone interested in life-cycle of civil infrastructure systems, including students, researchers and practitioners from all areas of engineering and industry.

Life Cycle Analysis and Assessment in Civil Engineering: Towards an Integrated Vision

Life Cycle Analysis and Assessment in Civil Engineering: Towards an Integrated Vision
  • Author : Robby Caspeele,Luc Taerwe,Dan M. Frangopol
  • Publisher : CRC Press
  • Pages : 564
  • Relase : 2018-10-31
  • ISBN : 9781351857567

Life Cycle Analysis and Assessment in Civil Engineering: Towards an Integrated Vision Book Review:

This volume contains the papers presented at IALCCE2018, the Sixth International Symposium on Life-Cycle Civil Engineering (IALCCE2018), held in Ghent, Belgium, October 28-31, 2018. It consists of a book of extended abstracts and a USB device with full papers including the Fazlur R. Khan lecture, 8 keynote lectures, and 390 technical papers from all over the world. Contributions relate to design, inspection, assessment, maintenance or optimization in the framework of life-cycle analysis of civil engineering structures and infrastructure systems. Life-cycle aspects that are developed and discussed range from structural safety and durability to sustainability, serviceability, robustness and resilience. Applications relate to buildings, bridges and viaducts, highways and runways, tunnels and underground structures, off-shore and marine structures, dams and hydraulic structures, prefabricated design, infrastructure systems, etc. During the IALCCE2018 conference a particular focus is put on the cross-fertilization between different sub-areas of expertise and the development of an overall vision for life-cycle analysis in civil engineering. The aim of the editors is to provide a valuable source of cutting edge information for anyone interested in life-cycle analysis and assessment in civil engineering, including researchers, practising engineers, consultants, contractors, decision makers and representatives from local authorities.

Cost Analysis for Engineers and Scientists

Cost Analysis for Engineers and Scientists
  • Author : Fraiborz Tayyari
  • Publisher :
  • Pages :
  • Relase : 2021-12
  • ISBN : 1032147113

Cost Analysis for Engineers and Scientists Book Review:

"This textbook covers how to apply managerial accounting techniques to problems in areas such as cost estimation, cost control, product pricing, and business segment discontinuation. It also discusses how to assess and evaluate cost and profitability analysis of financial projects. Cost Analysis for Engineers and Scientists introduces managerial accounting techniques that can be applied to problems in the areas of cost estimation, cost control, product line or business segment discontinuation, profitability analysis, and project management. It also presents product costing and manufacturing cost allocation to an individual as well as joint products. The concepts and applications of cost-volume-profit and breakeven analysis for single-product and multiple products are also discussed. This textbook is intended for short-term courses and seminars conducted to train professionals and practitioners in engineering and manufacturing cost analysis. A solutions manual and PowerPoint slides are available for qualified textbook adoptions"--

Cost and EU Public Procurement Law

Cost and EU Public Procurement Law
  • Author : Marta Andhov,Roberto Caranta,Anja Wiesbrock
  • Publisher : Routledge
  • Pages : 186
  • Relase : 2019-09-19
  • ISBN : 9780429594601

Cost and EU Public Procurement Law Book Review:

Public institutions, companies and governments in the EU and around the world are increasingly engaging in sustainable public procurement – a broad concept that must consider the three pillars of economic equality, social welfare and public health and environmental responsibility when designing public tenders and finalizing government contracts. This book contributes to the development of life-cycle criteria tools and methodologies for public procurement in the EU. It collects both sector-crossing contributions analysing the most relevant theoretical and legal aspects, including both EU law and contract theory, and sector-specific contributions relating to some of the most important sustainable goods and services markets. The book starts with a chapter that discusses the different approaches to including sustainability considerations in buying decisions by both private and public purchasers, and then goes on to examine the EU law on LCC and how it is implemented in different Member States. These chapters address the challenges in balancing economic and sustainability objectives under EU internal market law. One chapter develops the analysis with specific reference to public-private partnership. Another chapter elaborates how multi-stakeholders’ cooperation is necessary to develop LCC, based on a case study of a lighting services procurement. Three sector-specific studies relating to social housing, textile and clothing and IT close the book. With contributors from a range of backgrounds including law, business, management, engineering and policy development, this interdisciplinary book provides the first comprehensive study on LCC within the framework of EU public procurement law.

Engineering Economic Analysis

Engineering Economic Analysis
  • Author : Donald G. Newnan
  • Publisher :
  • Pages : 600
  • Relase : 1991
  • ISBN : UOM:39076001001069

Engineering Economic Analysis Book Review: