Analysis of Available Life Cycle Cost Models and Actions Required to Increase Future Model Applications

Abstract

Abstract : The report presents the results of an effort to survey existing life cycle cost (LCC) models and to gain insight into what actions are needed to increase their use. Eight categories of LCC models are defined: accounting models, economic analysis models, cost estimating relationship models, reliability improvement cost models, level of repair analysis models, maintenance manpower planning models, inventory management models, and warranty models. The report includes an analysis of experience to date, deficiencies and potential applications of representative models within each category.