Cradle-to-grave analyses are becoming the norm, as an increasing
amount of corporations and government agencies are basing their
procurement decisions not only on initial costs but also on life
cycle costs. And while life cycle costing has been covered in
journals and conference proceedings, few, if any, books have
gathered this information into an easily accessible resource.
Eliminating the need to consult many different sources, Life Cycle
Costing for Engineers brings together up-to-date life cycle costing
concepts and explains their application in various industrial
sectors. The author sets the scene with a chapter on fundamental
economics followed by a chapter on reliability and maintainability,
providing background information and platform for further
understanding. He then discusses life cycle costing fundamentals,
models and estimation methods, reliability, quality, safety, and
manufacturing costing, and maintenance, maintainability, usability,
and warranty costing. The book includes life cycle costing for
computer systems and software, transportation systems, aircraft
turbine engines, cargo ships, rail systems, civil engineering
structures, and energy systems. An in-depth look at cost estimation
models and engineering reliability and maintainability topics such
as bathtub hazard rate curve, common reliability networks, general
reliability, mean time to failure, and hazard rate formulas round
out the coverage. Filled with examples, tables, figures, and
equations, this book integrates life cycle costing concepts for use
in industrial and other sectors. It provides a modern treatment of
the subject that can easily be applied to any industry.
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