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

fYear

2009

fDate

20-24 July 2009

Firstpage

54

Lastpage

57

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;

fLanguage

English

Publisher

ieee

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

Type

conf

DOI

10.1109/ICRMS.2009.5270241

Filename

5270241