Title :
LCAM & Maintenance cost budget under ERP : Case of Shanghai Electric Power Company
Author :
Zhanxia, Wu ; Yilun, Li
Author_Institution :
Accounting Sch., Shanghai Inst. of Foreign Trade, Shanghai, China
Abstract :
Life Cycle Cost (LCC) theory has been widely used in electric power industry. The East China Power Grid Corporation began to put Life Cycle Asset Management (LCAM) theory into effect in 2003, which was the first attempt for China´s power industry to apply it to the practice. In this paper, through the careful analysis of the case of Shanghai Electric Power Company, I sought to clarify the feasibility and advancement of the application of the LCC theory to the budget management mode in the power industry.
Keywords :
energy management systems; enterprise resource planning; life cycle costing; maintenance engineering; power grids; ERP; East China Power Grid Corporation; LCAM; Shanghai Electric Power Company; budget management mode; electric power industry; enterprise resource planning; life cycle asset management; life cycle cost theory; maintenance cost budget; Biological system modeling; Companies; Maintenance engineering; Materials; Power cables; Power industry; Budget Management Mode; Condition-based Maintenance; Life Cycle Cost;
Conference_Titel :
Information and Financial Engineering (ICIFE), 2010 2nd IEEE International Conference on
Conference_Location :
Chongqing
Print_ISBN :
978-1-4244-6927-7
DOI :
10.1109/ICIFE.2010.5609476
