Life Cycle Cost optimization within decision making on alternative designs

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21110%2F14%3A00219620" target="_blank" >RIV/68407700:21110/14:00219620 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Life Cycle Cost optimization within decision making on alternative designs
Original language description
The purpose of this paper is to highlight the role of the life cycle cost criterion in deciding on the proposals of construction projects. Owners commonly use construction cost minimization. In order to achieve the maximum value for money all costs incurred over the whole life span must be evaluated. The optimization of the life-cycle cost of a project, construction, and equipment is essential for a complex decision-making process. Then, the solution with the minimum value of the life-cycle cost can bechosen. Life cycle costing (LCC) is a method of economic analyzing of all costs related to constructing, operating, and maintaining a construction project over a defined period of time. Having the costs and savings we can then directly compared these areas and be fully informed when decisions are made. The greatest benefit of life cycle costing can be obtained in the initiation phase of construction projects. The paper summarizes the issues of life cycle costing (LCC) and analyzing. The
Czech name
—
Czech description
—

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the Creative Construction Conference 2014
ISBN
978-963-269-434-4
ISSN
—
e-ISSN
—
Number of pages
6
Pages from-to
340-345
Publisher name
Diamond Congress Kft.
Place of publication
Budapest
Event location
Prague
Event date
Jun 21, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
—

Similar results(10)