BlockSim Simulation RBD Plot ptCost

Reliability Web Notes
Diagram Simulation Plot Cost
BlockSim
A life cycle cost analysis invoves the analysis of the costs of a system or a component over its entire life span. 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.
Life Cycle Cost Analysis