Life Cycle Cost Analysis (LCCA)

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  • Thread starter Thread starter Petr Mugver
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SUMMARY

Life Cycle Cost Analysis (LCCA) involves calculating and comparing all costs associated with two projects, factoring in elements such as inflation and investment timing. The discussion highlights the need for more complex examples, specifically those incorporating continuous variables and stochastic costs. A recommended resource for deeper understanding is the ebook by Fuller-Petersen on LCCA, along with a detailed example provided by Stanford University. These resources are essential for grasping the intricacies of LCCA.

PREREQUISITES
  • Understanding of Life Cycle Cost Analysis (LCCA)
  • Familiarity with inflation impact on project costs
  • Basic knowledge of continuous and aleatory variables
  • Proficiency in calculus for advanced LCCA examples
NEXT STEPS
  • Study the ebook "Fuller-Petersen, LCCA" for foundational knowledge
  • Explore the Stanford University guidelines on Life Cycle Cost Analysis
  • Research advanced LCCA techniques involving continuous variables
  • Investigate stochastic modeling in cost analysis
USEFUL FOR

Project managers, financial analysts, and engineers involved in cost estimation and project evaluation will benefit from this discussion on Life Cycle Cost Analysis.

Petr Mugver
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Hi all, for job reasons I have come across LCCA, and I have started documenting myself reading this ebook that I found googling: Fuller-Petersen, LCCA. Now, I'm new to the topic, and I have a few questions:

1) Is it just about calculating all the costs of two projects, maybe taking inflation and such into account for investments at different times, and comparing the two results?

2) Can anyone give me a link to a more complicated example, for instance a LCC example in which one or more continuous variables label the different projects to be compared, so that a minimum of calculus has to be used? Or

3) an example in which one or more of the costs summing up to give the expected investments are aleatory variables?

Thanks
 
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