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• W1527506634 abstract "Life Cycle Costing (LCC) techniques are being used across a wide range of projects across different industries and have attracted considerable attention. However, LCC techniques are not widely used within the construction industry because of problems associated with LCC related processes such as data capture, reliability and certainty. Recent technological developments will undoubtedly help in resolving some of the above problems associated with LCC techniques. Salford University together With Robert Gordon University have commenced a research project, which looks into the development of innovative systems that facilitates the implementation of LCC in various design and occupancy stages. To this effect, this paper outlines the research methodology associated with the development process of an integrated LCC database, data capturing mechanisms and associated limitations with the development process. The proposed system on which this papeis based, attempts to overcome some of the limitations associated with the use of LCC and tries to develop mechanisms which will allow the user within a VR environment to navigate inside a building retrieving all information about the building components. By creating such systems, it tries to provide opportunities to take maximum advantage of using LCC techniques and related information through out the building life cycle. This proposed system will allow LCC data to be updated continuously and thus can be used as and “asset register”. Life Cycle Costing? What does it mean? With occupancy costs representing up to 70% of the total cost of a building over its life time (Flanagan, 1989), Life Cycle Costing (LCC) has become a valuable concept as the pre-occupation with capital expenditure has led to designs which do not offer the client best value for money in the long term. There are a number of definitions for LCC. CRISP Performance Theme Group adopts the definition which implies LCC as: “ the systematic consideration of all relevant costs and revenues associated with the acquisition and ownership of an asset” (Clift & Bourke, 1998). For construction, this is expected to take into account capital or procurement costs such as initial construction or major refurbishment purchase or leasing, interest and feed and other associated recurring or occupancy costs. LCC is further defined by British Standards (1997) as: “ the process of economic analysis to assess the total cost of acquisition and ownership of a product”. Kirk and Dell’Isola (1995) describe LCC as a “methodology to identify the significant costs associated with alternatives, add groups of cost by year, discount them back to a common base and finally to select the optimum cost alternative; tempering final selection with non-economic considerations”." @default.
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• W1527506634 date "2002-01-01" @default.
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• W1527506634 title "An integrated life cycle costing database: System proposal and methodology" @default.
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