Describe the steps involved in accomplishing a life-cycle cost analysis (LCCA). I have listed the steps. just describe. a) - Operational Performance. b) - Salvage externalities c) - Value vs. Risk d) - Initial expenditure e) - Maintenance implications

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Engineering

Phoenix

15 January, 10:08

Describe the steps involved in accomplishing a life-cycle cost analysis (LCCA). I have listed the steps. just describe. a) - Operational Performance. b) - Salvage externalities c) - Value vs. Risk d) - Initial expenditure e) - Maintenance implications

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Jordyn Carlson · Answer 1

a). Operational Performance

It is defined as the parameter that describes the percentage of accuracy of performing an operation or carrying out an activity.

b). Salvage externalities

Salvage in Life cycle cost analysis is a process of estimating the value of the remaining assets in the organisation,.

c). Value Vs Risk

When we take risk in doing any activity we know the value of accomplising the activity. So value relates directly with risk. When the value of a certain task is high, the risk involve in it is also high.

d). Initial expenditure

Initial expenditure is nothing but the cost involve in starting a particular acitvity or task at the starting phase.

e). Maintenance implications

It lays emphasis in maintaining the cost of every possible parameters that are involve in the activity. It includes labour, machines, positions, energy, facilities, etc.