Title :
Arrangement of the Life Cycle Cost Influence Factors Based on System Dynamics
Author :
Chen, Guowei ; Jin, Jiashan ; Geng, JunBao
Author_Institution :
Coll. of Naval Archit. & Power, Navy Univ. of Eng., Wuhan, China
Abstract :
Applying the method of system dynamics theory, the twelve factors that have influence on life cycle cost were analyzed dynamically, and the important extent of the effect that these factors act on life cycle cost was studied. Through simulated calculation and discussion, the magnitude order of the effect that these factors act on life cycle cost was obtained, which can provide significant references for life cycle cost influence factors filtration, bases for life cycle cost calculation modeling of the main factors, and a new way for life cycle cost management decision making.
Keywords :
decision making; life cycle costing; factors filtration; life cycle cost influence factor; management decision making; system dynamics theory; Analytical models; Educational institutions; Maintenance engineering; Marine vehicles; Mathematical model; Numerical models; Sun; life cycle cost; system dynamics; the influence factors;
Conference_Titel :
Information Technology, Computer Engineering and Management Sciences (ICM), 2011 International Conference on
Conference_Location :
Nanjing, Jiangsu
Print_ISBN :
978-1-4577-1419-1
DOI :
10.1109/ICM.2011.132