This SAE Aerospace Recommended Practice (ARP) describes the concept of life cycle costing with emphasis on LCC techniques and applications as applied to the phases of the program cycle. These phases are: a Conceptual studies, research, development, test, and evaluation (RDT&E) b Investment, or procurement c Operating and support (O&S) or in-service d Disposal of systems, equipment, and services Cost elements, estimating techniques and other factors which have a bearing on LCCs are described; including use of cost estimating relationships (CER), simulation techniques, and "top-down"/"bottom-up" approaches. Consideration is also given to: a Risk and uncertainty assessments b Impact of economic variations including inflation, interest rates, and exchange rate variation c Adoption of discounting techniques when undertaking investment appraisals The use of tailored LCC models is preferred since there is an advantage in adopting a range of approaches particularly for the prediction of the costs of future technology and estimates of uncertainty which are specific to the aerospace industry. The LCLS committee discussed the ARP4293 and has decided that the best course of action is stabilization.


    Access

    Check access

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    Life Cycle Cost - Techniques and Applications


    Publication date :

    2021-09-10



    Type of media :

    Conference paper


    Type of material :

    Print


    Language :

    English






    Life cycle cost : techniques and applications

    SAE International | TIBKAT | 2021


    Turbine Engine Cost Reduction Using Life Cycle Cost Techniques

    Curry, C. E. / Pedersen, G. H. / Earle, R. V. | SAE Technical Papers | 1978


    Life Cycle Cost

    Roe, J. W. / Royal Aeronautical Society | British Library Conference Proceedings | 1993