Title :
Life cycle cost analysis for design optimization under uncertainty
Author :
Du, Li ; Wang, Zhonglai ; Huang, Hong-Zhong ; Lu, Cong ; Miao, Qiang
Author_Institution :
Sch. of Mechatron. Eng., Univ. of Electron. Sci. & Technol. of China, Chengdu, China
Abstract :
Life cycle cost is the total cost incurred in the life cycle of a product, including design, development, production, operation, maintenance, support and disposal. Life cycle cost analysis can help engineers to identify equipment and process selection not on the initial purchase cost but rather on the total cost. A reasonable life cycle cost model can lead to a reliable design. In this paper, several life cycle cost methods and models are analyzed to help engineers to make a decision and the life cycle reliability-based design model is provided.
Keywords :
decision making; life cycle costing; maintenance engineering; product design; product development; reliability; decision making; design optimization; maintenance; product design; product development; product life cycle cost analysis; reliability-based design model; total costing; Aerospace materials; Cost function; Design engineering; Design optimization; Inspection; Life estimation; Maintenance; Reliability engineering; State estimation; Uncertainty; life cycle cost; maintenance; reliability-based design;
Conference_Titel :
Reliability, Maintainability and Safety, 2009. ICRMS 2009. 8th International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-4903-3
Electronic_ISBN :
978-1-4244-4905-7
DOI :
10.1109/ICRMS.2009.5270241
