Print Email Facebook Twitter Common misunderstandings in life cycle costing analyses and how to avoid them Title Common misunderstandings in life cycle costing analyses and how to avoid them Author van den Boomen, M. (TU Delft Integral Design & Management) Schoenmaker, R. (TU Delft Integral Design & Management) Verlaan, J.G. (TU Delft Integral Design & Management) Wolfert, A.R.M. (TU Delft Integral Design & Management; TU Delft Materials and Environment) Contributor Bakker, Jaap (editor) Frangopol, Dan M. (editor) van Breugel, Klaas (editor) Date 2017 Abstract LCC analyses (LCCA) and discounting calculations are applied by public sector organizations in the Netherlands. Still numerous misunderstandings can be recognized. An overview is given of some common misunderstandings found in Life Cycle Costing Analyses. Issues relating to public assets are: the absence of residual value, long life cycles, high investment costs, long operation and maintenance expenditures and a low discount rate. All these issues make a careful estimation of life cycles and input parameters more important than most governments and local authorities realize. Six suggestions to improve LCC analyses of public assets are given. To reference this document use: http://resolver.tudelft.nl/uuid:36ec0372-5c8c-41f3-9956-6ffe7d579252 DOI https://doi.org/10.1201/9781315375175-251 Publisher Taylor and Francis ISBN 978-1-138-02847-0 Source Life-Cycle of Engineering Systems: Emphasis on Sustainable Civil Infrastructure: Proceedings of the 5th International Symposium on Life-Cycle Engineering, Delft, Netherlands Event 5th International Symposium on Life-Cycle Engineering, 2016-10-16 → 2016-10-20, Delft, Netherlands Series Life-Cycle of Civil Engineering Systems Part of collection Institutional Repository Document type conference paper Rights © 2017 M. van den Boomen, R. Schoenmaker, J.G. Verlaan, A.R.M. Wolfert Files PDF boocmi_full_paper1.pdf 271.82 KB Close viewer /islandora/object/uuid:36ec0372-5c8c-41f3-9956-6ffe7d579252/datastream/OBJ/view