Title :
Life cycle cost-art or science?
Author :
McNichols, Gerald R.
Author_Institution :
Manage. Consulting & Res. Inc., Falls Church, VA, USA
Abstract :
The author summarizes some of the salient features of life-cycle cost (LCC), and also discusses cost uncertainty of the estimates. Definitions are examined for several elements of cost analysis. Various cost analysis techniques and models are outlined. It is the author´s belief that LCC requires an artful application as well as a logical scientific approach
Keywords :
aerospace; economics; aerospace industry; cost analysis; cost uncertainty; life-cycle cost; Costs; Design engineering; Electric breakdown; Government; Life estimation; Manufacturing; Materials testing; Production systems; Software testing; System testing;
Conference_Titel :
Aerospace and Electronics Conference, 1988. NAECON 1988., Proceedings of the IEEE 1988 National
Conference_Location :
Dayton, OH
DOI :
10.1109/NAECON.1988.195192
