ENGINEERING ECONOMICS AND LIFE CYCLE COST ANALYSIS

Dhruv J. Desai, Tejas H. Jain, Atul A. Dwivedi, Anjum D. Attar

Abstract: Life-cycle cost analysis (LCCA) is anevaluating tool to valuate the total financial/resource requirements for total ownership of a building. LCCA is effective when project options that fulfill the same task demands, having different initial costs and operational costs, needs to be examined in order to undertake the option that optimizes financial requirements. Building-related expenses can be furthercategorized into the following: ? Initial Costs ? Operation, Maintenance, and Repair Costs ? Replacement Costs ? Residual Values ? Finance Charges ? Non-Monetary Costs This article mainly focuses on the Maintenance and Repair cost analysis; giving probable trends for next 25 years for various elements using DSR, WPI and CPI. These trends are only applicable for the whole of Mumbai.

Keywords: Life Cycle Cost, Maintenance and Repair cost

DOI: https://doi.org/10.15623/ijret.2016.0503070