Simplified Life-Cycle Cost Estimation

D. S. Remer,G. Lorden,I. Eisenberger

Simplified Life-Cycle Cost Estimation

1983

D. S. Remer
G. Lorden
I. Eisenberger

Simple method for life-cycle cost (LCC) estimation avoids pitfalls inherent in formulations requiring separate estimates of inflation and interest rates. Method depends for validity observation that interest and inflation rates closely track each other.

Keywords:

Operations management
Cost engineering
Estimation
Cost contingency
Cost estimate
Total absorption costing
Finance
Economics
Product cost management
Financial management
Project planning
Interest rate
Microeconomics
Mathematical optimization
Inflation

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