We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Cost Life Cycle - Essay Example

Comments (0)
Summary
A life cycle cost analysis calculates the cost of a system or product over its entire life span. This also involves the process of Product Life Cycle Management so that the life cycle profits are maximised.
Performing an LCCA(Life Cycle Cost Analysis) in the design stage itself makes sure that a project that is economical from all aspects in the long run is chosen…
Download full paper
GRAB THE BEST PAPER

Extract of sample
Cost Life Cycle

Download file to see previous pages... There are techniques for estimating the cost of choosing the "wrong" project alternative. Deterministic techniques, such as sensitivity analysis or breakeven analysis, are easily done without the need for additional resources or information. They produce a single-point estimate of how uncertain input data affect the analysis outcome. Probabilistic techniques, on the other hand, quantify risk exposure by deriving probabilities of achieving different values of economic worth from probability distributions for input values that are uncertain. However, they have greater informational and technical requirements than deterministic techniques. Whether one or the other technique is chosen depends on factors such as the size of the project, its importance, and the resources available. Since sensitivity analysis and break-even analysis are two approaches that are simple to perform, they should be part of every LCCA.
To identify critical parameters, arrive at estimates of upper and lower bounds, or answer "what if" questions, simply change the value of each input up or down, holding all others constant, and recalculate the economic measure to be tested.
Decision-makers sometimes want to know the maximum cost of an input that will allow the project to still break even, or conversely, what minimum benefit a project can produce and still cover the cost of the investment.
To perform a break-even analysis, benefits and costs are set equal, all variables are specified, and the break-even variable is solved algebraically.

Design optimization on cost basis is also carried out under LCCA to hit upon the model, which would lead to higher performance at lower costs and competitiveness in a systematic and efficient manner. Safety, reliability and cost efficiency can be achieved through design optimization in the pre-launch phase itself.

References
1. www.nianet.org/salectureseries/pdfs/Unal_041106.pdf
2. ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Warfare about Product Life Cycle
The paper explains the concept of warfare in the context of marketing activities and strategies undertaken by the business organization. In direction to this the prime objective of this paper is explains different warfare and strategies, which are required to be taken into account from the side of the organization for the purpose of achieving some crucial long term success and sustainability within existing highly dynamic and competitive business environment.
17 Pages(4250 words)Essay
Branding and product life cycle
Generally product life cycle consists of four common stages, such as introduction, growth, maturity and decline. This part of the essay will discuss about these four stages of product life cycle. Introduction The introduction stage of product life cycle is characterized by the low sales growth rate of products.
4 Pages(1000 words)Essay
Product Life Cycle Management
The initial idea is to determine the needs of SMEs and their priorities for the benefits they would demand from the PLM system. The contributions of this project are twofold. First, to devise an appropriate approach for SMEs to adopt and implement PLM system functions that reflects the need of individual company.
18 Pages(4500 words)Essay
Product Life Cycle and Consumer Loyalty
In the first case, the product is Pantene Pro-V shampoo. Proctor and Gamble markets a vast line of consumer merchandise, including a personal care segment that has cleansers and other hygiene-related products such as Pantene Pro-V shampoo. In considering the reason why an individual would be loyal to this particular brand over the many others available, research into the product life cycle provides some likely reasons.
2 Pages(500 words)Essay
Life Cycle
But the introduction of thought into action changes the whole character of the problem. Moral problems are continuing problems, inviting contemplation. The moral results of action are not so much conclusions as new developments of older questions. The moral problem, in short, is the problem of life.
8 Pages(2000 words)Essay
Life Cycle Assessment
The companies started to think to save natural resources for future generations. However, one may criticize the industries for putting the word 'sustainable' for everything without a real understanding and explanation what it is and how to achieve it. Sustainable development is a process of achieving human development in an inclusive, connected, equitable, prudent and secure manner (Gladwin et al., 1995).
9 Pages(2250 words)Essay
Project Life Cycle
As defined by Software Engineering Body of Knowledge published by the IEEE[3], the IT project life cycle goes through the phases of initiation, planning, development, implementation and closeout and the IT Project management tasks required for each of these phases are varied.
3 Pages(750 words)Essay
LIFE CYCLE - PLASTIC BAGS
84). Their strength to weight ratio is very high which makes them quite favorable for use in transporting things from one place to another. In addition to that, their production cost is low enough to render them suitable for
9 Pages(2250 words)Essay
Project Life Cycle
Each of this stage serves to accomplish a unique agenda of tasks and together, these stages are referred to as the project life cycle. As the first stage of the entire process, this phase provides the project
2 Pages(500 words)Essay
The Systems Development Life Cycle
During the System Development Cycle of any system, it is important to establish the system requirements of the new system to be. To determine the accounting information system requirements, it was necessary to carry
3 Pages(750 words)Essay
Let us find you another Essay on topic Cost Life Cycle for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us