APPROACHES TO LIFE-CYCLE COST ANALYSIS IN METALLURGY

1 ŠULC Kryštof
Co-authors:
2 ŠVECOVÁ Lenka
Institutions:
1 Czech Technical University in Prague, Faculty of Mechanical Engineering, Prague, Czech Republic, EU, krystof.sulc@fs.cvut.cz
2 Czech Technical University in Prague, Masaryk Institute of Advanced Studies, Prague, Czech Republic, EU, lenka.svecova@cvut.cz
Conference:
27th International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, May 23rd - 25th 2018
Proceedings:
Proceedings 27th International Conference on Metallurgy and Materials
Pages:
1859-1862
ISBN:
978-80-87294-84-0
ISSN:
2694-9296
Published:
24th October 2018
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
19 views / 6 downloads
Abstract

The article describes and analyzes specific approaches to calculation of life cycle costing (LCC) as a part of Life-cycle Cost Analysis (LCCA). LCCA is an approach to assessment the most cost-effective alternative in comparison to other alternatives when each of them is equally suited from a technical point of view. LCC includes the analysis of the cost over entire life of product (castings). Several specific approaches to calculation of life cycle costing and the differences between them are analyzed. The attention is paid especially to answering the question of what types of cost included in specific models are differ. Typical including costs are acquisition costs, design and development costs, cost of repairs, spares and failures, downtime cost, cost involved by loss of production, cost of maintenance and disposal costs. Differences are shown on the examples. At the end, an overview of the use of individual approaches is provided.

Keywords: Life Cycle Costing, Lean Manufacturing, Waste Elimination, Process Manufacturing
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