Current Trends in Life Cycle Cost Analysis.
OPERATIONAL RESEARCH AND ANALYSIS ESTABLISHMENT OTTAWA (ONTARIO)
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Life Cycle Costing LCC or more appropriately Life Cycle Cost-Effectiveness Analysis LCCEA has become established in the defence departments of many countries as a necessary part of equipment procurement procedures. LCC refers to the total cost of ownership from research and development, through acquisition, operations and maintenance, to final disposal. However, it is often difficult to carry out convincing analyses which will impact on the final decision. Hundreds of LCC models have been developed in the USA and in certain Commonwealth countries. These models vary in complexity and generality often they require computer assistance to manipulate large amounts of data. Unfortunately, detailed cost information can be difficult to collect and large data bases and computer models can be costly to operate and maintain. With the advent of micro-computers and powerful hand-held programmable calculators, a trend towards a more modest, practical approach has begun.
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