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  • This paper develops and applies a Life Cycle Cost (LCC) model to solve a particular problem of capital budgeting in the chemical engineeriwith product utilization that increases the efficiency of an existing commercial application. It is explained and illustrated that various cost types need to be taken into account, ranging over the whole life of the product from its inception to disposal, and related to an appropriate unit of utility. In order to achieve maximum effect, such a comprehensive economic analysis should ideally be undertaken at a very early stage of the product's life cycle, such as its design, or even conception. Advanced techniques including sensitivity analyses and simulations will typically be required to gain an adequate insight into the various processes and uncertainties contained in any realistic life cycle model.
  • This paper develops and applies a Life Cycle Cost (LCC) model to solve a particular problem of capital budgeting in the chemical engineeriwith product utilization that increases the efficiency of an existing commercial application. It is explained and illustrated that various cost types need to be taken into account, ranging over the whole life of the product from its inception to disposal, and related to an appropriate unit of utility. In order to achieve maximum effect, such a comprehensive economic analysis should ideally be undertaken at a very early stage of the product's life cycle, such as its design, or even conception. Advanced techniques including sensitivity analyses and simulations will typically be required to gain an adequate insight into the various processes and uncertainties contained in any realistic life cycle model. (en)
Title
  • A Chemical Engineering Case of Life Cycle Costing
  • A Chemical Engineering Case of Life Cycle Costing (en)
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  • A Chemical Engineering Case of Life Cycle Costing
  • A Chemical Engineering Case of Life Cycle Costing (en)
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  • RIV/68407700:21220/14:00225308!RIV15-MSM-21220___
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  • RIV/68407700:21220/14:00225308
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  • Life Cycle Costing; Strategic Management; Chemical Engineering (en)
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  • SK - Slovenská republika
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  • 4
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  • Vlachý, Jan
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  • 1338-4104
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  • 21220
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