BlockSim Simulation RBD Plot ptCost: Difference between revisions

Revision as of 20:22, 23 January 2012

Reliability Web Notes

Diagram Simulation Plot Cost

BlockSim

Reliability Web Notes
Diagram Simulation Plot Cost
BlockSim
Template loop detected: Template:Bs system cost
Life Cycle Cost Analysis

@@ Line 10: / Line 10: @@
 |-
 | align="center" valign="middle" |
-A life cycle cost analysis invoves the analysis of the costs of a system or a component over its entire life span.
+{{bs system cost}}
-A complete life cycle cost (LCC) analysis may also include other costs, as well as other accounting/financial elements (such as discount rates, interest rates, depreciation, present value of money, etc.).
-For the purpose of this reference, it is sufficient to say that if one has all the required cost values (inputs), then a complete LCC analysis can be performed easily in a spreadsheet, since it really involves summations of costs and perhaps some computations involving interest rates. With respect to the cost inputs for such an analysis, the costs involved are either deterministic (such as acquisition costs, disposal costs, etc.) or probabilistic (such as cost of failures, repairs, spares, downtime, etc.). Most of the probabilistic costs are directly related to the reliability and maintainability characteristics of the system.
 |-
 | align="center" valign="middle" | [http://www.reliawiki.com/index.php/Additional_Analyses#Life_Cycle_Cost_Analysis Life Cycle Cost Analysis]