LCAM & Maintenance cost budget under ERP : Case of Shanghai Electric Power Company

Author

Zhanxia, Wu ; Yilun, Li

Author_Institution

Accounting Sch., Shanghai Inst. of Foreign Trade, Shanghai, China

fYear

2010

fDate

17-19 Sept. 2010

Firstpage

798

Lastpage

801

Abstract

Life Cycle Cost (LCC) theory has been widely used in electric power industry. The East China Power Grid Corporation began to put Life Cycle Asset Management (LCAM) theory into effect in 2003, which was the first attempt for China´s power industry to apply it to the practice. In this paper, through the careful analysis of the case of Shanghai Electric Power Company, I sought to clarify the feasibility and advancement of the application of the LCC theory to the budget management mode in the power industry.

Keywords

energy management systems; enterprise resource planning; life cycle costing; maintenance engineering; power grids; ERP; East China Power Grid Corporation; LCAM; Shanghai Electric Power Company; budget management mode; electric power industry; enterprise resource planning; life cycle asset management; life cycle cost theory; maintenance cost budget; Biological system modeling; Companies; Maintenance engineering; Materials; Power cables; Power industry; Budget Management Mode; Condition-based Maintenance; Life Cycle Cost;

fLanguage

English

Publisher

ieee

Conference_Titel

Information and Financial Engineering (ICIFE), 2010 2nd IEEE International Conference on

Conference_Location

Chongqing

Print_ISBN

978-1-4244-6927-7

Type

conf

DOI

10.1109/ICIFE.2010.5609476

Filename

5609476