International Journal of Industrial Engineering and Management (Dec 2022)

Life Cycle Cost Analysis of Complex Systems: An Application to Shipbuilding

  • Armindo Frias,
  • Pedro Borda Água,
  • Bárbara Miranda Lopes,
  • Pedro Silva Melo

DOI
https://doi.org/10.24867/IJIEM-2022-4-314
Journal volume & issue
Vol. 13, no. 4
pp. 215 – 224

Abstract

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The use of integrated logistic support methods and the calculation of life cycle costs, provide a comprehensive view of the total value of a system over time. A project for the construction of two lifeboats is studied and a life cycle analysis is proposed, identifying and highlighting the system cost structure of each phase in time, from design to disposal. The results help evaluate the project sustainability and carry out its management, supporting decision-making in different phases, planning and controlling the operation and maintenance of the system, and obtaining the necessary resources.

Keywords