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Life cycle costing for construction projects
Institution:1. School of Engineering and Computer Science, Victoria University of Wellington, Kelburn, Wellington, New Zealand;2. School of Electrical Engineering and Telecommunications, University of New South Wales, Sydney, NSW 2052, Australia;1. Department of Civil Engineering, National Chiao Tung University, 1001, University Road, Hsin-Chu, Taiwan;2. Graduate Institute of Construction Engineering and Management, National Central University, No. 300, Jhongda Road, Jhongli City, Taoyuan County 320, Taiwan
Abstract:The author discusses the concept of life cycle costing—a valuable tool in an era of economic depression and high inflation. He points out the problems in the initiation of the process, the planning, realization, operation and disposal of complex systems. He describes the objectives of life cycle costing and presents a comprehensive way to apply it.
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