Title :
Application of balanced score card in LCC management
Author :
Tian, Qingmin ; Gan, Lu ; Wang, Runquan
Author_Institution :
Manage. Dept., Mech. Eng. Coll., Shijiazhuang, China
Abstract :
Minimizing LCC is an important way in cost control. But the system life cycle can be influenced by many factors, such as the change of strategic target and the application of new technology. In this case, how can LCC be optimized? In this paper, application of balanced score card is discussed in LCC optimization process on condition that the strategic target hasn´t been changed.
Keywords :
life cycle costing; optimisation; LCC management; LCC optimization process; balanced score card application; cost control; strategic target; system life cycle; Control systems; Customer satisfaction; Finance; Indexes; Performance evaluation; Project management; Technological innovation; balanced scorecard; equipment management; life cycle cost;
Conference_Titel :
Quality, Reliability, Risk, Maintenance, and Safety Engineering (ICQR2MSE), 2012 International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4673-0786-4
DOI :
10.1109/ICQR2MSE.2012.6246414
