2011
DOI: 10.1007/s13198-011-0064-7
|View full text |Cite
|
Sign up to set email alerts
|

Activity-based life cycle cost analysis as an alternative to conventional LCC in engineering design

Abstract: Petroleum exploration and production in the Arctic region is becoming of increasing interest as the world needs more energy. However, since there is little experience and data on Arctic oil and gas production, the design of production facilities and equipment to be used in the Arctic region is fraught with high cost and risk. Conventional life cycle costing (LCC) approaches have been discussed in literature for many years, but it is difficult to perform such analysis due to the need for a large amount of data … Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
2
1

Citation Types

0
14
0

Year Published

2014
2014
2023
2023

Publication Types

Select...
8

Relationship

0
8

Authors

Journals

citations
Cited by 15 publications
(14 citation statements)
references
References 6 publications
0
14
0
Order By: Relevance
“…Cost drivers are also associated in the resource list, which are important for measuring the consumption of the resources. Human resource (Ben-Arieh and Qian 2003;Zhang, Haapala et al 2011;Boehmann, Leimeister et al 2014) Person (Baxter, Roy et al 2009) Material (Vogtländer, Brezet et al 2001;Baxter, Roy et al 2009;Ye, Zhang et al 2009;Storck 2010;Kayrbekova, Markeset et al 2011;Khataie, Bulgak et al 2011;Xu, Elgh et al 2012;Boehmann, Leimeister et al 2014) Raw material (Zhang, Haapala et al 2011;Kimita, Tateyama et al 2012) Administration Energy (Vogtländer, Brezet et al 2001;Storck 2010;Zhang, Haapala et al 2011;Kimita, Tateyama et al 2012) Facility (Baxter, Roy et al 2009;Cheung, Marsh et al 2009;Kimita, Tateyama et al 2012) Infrastructure (Zhang, Haapala et al 2011) Consumables (Datta and Roy 2010;Cheung, Marsh et al 2015) Expendable (Kimita, Tateyama et al 2012) Depreciation (Vogtländer, Brezet et al 2001;Kimita, Tateyama et al 2012) Component (Kimita, Tateyama et al 2012;Cheung, Marsh et al 2015) Layout (Kimita, Tateyama et al 2012) Building space (Storck 2010) Tools (Ye, Zhang et al 2009;Storck 2010) Information (Baxter, Roy et al 2009) Transportation (Kayrbekova, Markeset et al 2011) 11-31 Fig. 4 The resource list of the PSS cost element…”
Section: Resourcementioning
confidence: 99%
“…Cost drivers are also associated in the resource list, which are important for measuring the consumption of the resources. Human resource (Ben-Arieh and Qian 2003;Zhang, Haapala et al 2011;Boehmann, Leimeister et al 2014) Person (Baxter, Roy et al 2009) Material (Vogtländer, Brezet et al 2001;Baxter, Roy et al 2009;Ye, Zhang et al 2009;Storck 2010;Kayrbekova, Markeset et al 2011;Khataie, Bulgak et al 2011;Xu, Elgh et al 2012;Boehmann, Leimeister et al 2014) Raw material (Zhang, Haapala et al 2011;Kimita, Tateyama et al 2012) Administration Energy (Vogtländer, Brezet et al 2001;Storck 2010;Zhang, Haapala et al 2011;Kimita, Tateyama et al 2012) Facility (Baxter, Roy et al 2009;Cheung, Marsh et al 2009;Kimita, Tateyama et al 2012) Infrastructure (Zhang, Haapala et al 2011) Consumables (Datta and Roy 2010;Cheung, Marsh et al 2015) Expendable (Kimita, Tateyama et al 2012) Depreciation (Vogtländer, Brezet et al 2001;Kimita, Tateyama et al 2012) Component (Kimita, Tateyama et al 2012;Cheung, Marsh et al 2015) Layout (Kimita, Tateyama et al 2012) Building space (Storck 2010) Tools (Ye, Zhang et al 2009;Storck 2010) Information (Baxter, Roy et al 2009) Transportation (Kayrbekova, Markeset et al 2011) 11-31 Fig. 4 The resource list of the PSS cost element…”
Section: Resourcementioning
confidence: 99%
“…LCC analyses have been improving since the 1980s, but they are still subjective and inaccurate unless an appropriate method is used [3]. Dhillon [4] and Dhillon and Anude [5] showed that, prior to 1989, all of the LCCs for heavy mobile equipment (HME) were deterministic and treated maintenance costs as a 'fixed' periodic cost or rate.…”
Section: Life-cycle Cost Minimisation To Determine the Optimum Replacmentioning
confidence: 99%
“…It is generally accepted throughout the literature that activity based life-cycle costing (AB-LCC) is the superior method of conducting LCCs, as it is based on the physics, operations, operating environment, and business processes of the equipment. However, AB-LCC only become achieved prominence in the 21 st century because of the effort and intricacy of maintaining AB-LCC analyses ( [1], [3], [6], [7], [8], [9], [10], [11]). …”
Section: Life-cycle Cost Minimisation To Determine the Optimum Replacmentioning
confidence: 99%
“…In an attempt to improve the accuracy of the LCC models, the activity-based costing approach has been included into LCC models. Kayrbekova et al [32] highlighted the advantages of including such a costing technique. Among the advantages associated with the ABC approach, we can highlight that it follows a process-oriented perspective.…”
Section: Introductionmentioning
confidence: 99%