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SUMMARY:Lifecyclecosts(LCC)arecradletogravecostssummarizedasaneconomicsmodelof
evaluatingalternativesforequipmentandprojects.EngineeringdetailsdriveLCCcostnumbersforthe
economiccalculations.Theeconomicsofproposalsdrivesthescenarioselectionprocess.Good
engineeringproposalswithouteconomicjustificationareoftenuneconomical.Goodengineeringwith
goodeconomicsprovidebusinesssuccesses.TheLCCeconomicmodelprovidesbetterassessmentof
long-termcosteffectivenessofprojectsthancanbeobtainedwithonlyfirstcostsdecisions. |
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