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Life-cycle cost analysis. Life-cycle cost analysis (LCCA) is an economic analysis tool to determine the most cost-effective option to purchase, run, sustain or dispose of an object or process. The method is popular in helping managers determine economic sustainability by figuring out the life cycle of a product or process.
The concept of life cycle analysis evolved since the concept was initially considered in the 1970s and 1980s, when life cycle studies focused on the quantifying the energy and raw resources used by a building, and the load on the sewerage and sanitation systems imposed by waste generated in the building, during the operational life of the structure.
Whole-life cost is the total cost of ownership over the life of an asset. [1] [clarification needed] The concept is also known as life-cycle cost (LCC) or lifetime cost, [2] and is commonly referred to as "cradle to grave" or "womb to tomb" costs. Costs considered include the financial cost which is relatively simple to calculate and also the ...
Chapter 1: “Determining the Relationships between Building Conditions and Student Achievement, School Safety and Community Relations” Chapter 2: “Calculating School Building Life-Cycle Investments, Life-Cycle Costs, and the Costs of Deferring Maintenance”
Building Information Modeling (BIM) is a digital representation of physical and functional characteristics of a facility. A BIM is a shared knowledge resource for information about a facility forming a reliable basis for decisions during its life-cycle; defined as existing from earliest conception to demolition. [34]
Life Cycle Cost-Benefit Analysis for Electric Lighting. Clark, George W. Building Research, 10, 3-4, 24-28, Dec 73.
The concept stage, in fact, is one of the major steps in a project life cycle, as it has the largest impact on cost and performance. [26] In designing environmentally optimal buildings, the objective is to minimize the total environmental impact associated with all life-cycle stages of the building project.
This handbook presents guidelines on the Life Cycle Cost Analysis (LCCA) of building operations over the life of a building to assist school districts and consultants with evaluating proposed educational facility construction projects. It defines the terminology found in an LCCA, such as initial and future expenses, residual value, real ...
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