Simulation of service costs throughout the life cycle of production facilities

Manufacturers of production facilities must not only be able to support their customers actively throughout the life cycle by optimizing machines and productivity but also by establishing a profitable environment for product-accompanying services. Therefore, a method has been developed which allows for the calculation of the costs of service contracts during the offer phase. Subject to different influencing variables which are deposited with stochastic distributions, the costs will be determined by the Monte Carlo method. The Monte Carlo method is used to estimate uncertain forecasts.