A Summary and Analysis of Selected Life Cycle Costing Techniques and Models.
AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OH SCHOOL OF SYSTEMS AND LOGISTIC S
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Operational costs continue to recur throughout the life of a weapon system and normally represents the majority of life cycle costs. Presented are an Annotated Bibliography of Selected Life Cycle Costing Literature and a Taxonomy of Selected Life Cycle Cost Models. The Annotated Bibliography is sectionalized into six areas Directives and Guides General Philosophy and Methodology Reliability and Maintainability Cost-Effectiveness Cost Models and Case Studies and Technical Reports. The Taxonomy discusses six types of life cycle cost models including accounting, cost estimating relationship, simulation, failure-free warranty, reliability, and economic analysis models. One conclusion is that awareness of life cycle costing concepts results in better planning and decisionmaking. Modified author abstract
- Economics and Cost Analysis