LIFE CYCLE COST - TECHNIQUES AND APPLICATIONS
- Standard
- ARP4293
- Issued
Sector:
Issuing Committee:
Language:
English
Scope
This SAE Aerospace Recommended Practice (ARP) describes the concept of life cycle costing with emphasis on LCC techniques and applications as applied to the phases of the program cycle. These phases are:
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a
Conceptual studies, research, development, test, and evaluation (RDT&E)
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b
Investment, or procurement
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c
Operating and support (O&S) or in-service
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d
Disposal of systems, equipment, and services
Cost elements, estimating techniques and other factors which have a bearing on LCCs are described; including use of cost estimating relationships (CER), simulation techniques, and "top-down"/"bottom-up" approaches. Consideration is also given to:
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a
Risk and uncertainty assessments
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b
Impact of economic variations including inflation, interest rates, and exchange rate variation
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c
Adoption of discounting techniques when undertaking investment appraisals
The use of tailored LCC models is preferred since there is an advantage in adopting a range of approaches particularly for the prediction of the costs of future technology and estimates of uncertainty which are specific to the aerospace industry.
Topic
Data Sets - Support Documents
No Datasets Available
Issuing Committee
Reference
Number | Title |
---|---|
ARP4294 | DATA FORMATS AND PRACTICES FOR LIFE CYCLE COST INFORMATION |
Revisions
1 versions available
Revision History*
1992-02-14 | | | ARP4293 |
* Redlines comparisons are available for those standards listed in the Revision History that contain a radio button. A redline comparison of the current version against a revision is accomplished by selecting the radio button next to the standard and then selecting 'compare'. At this time, Redline versions only exist for some AMS standards. SAE will continue to add redline versioning with ongoing updates to SAE MOBILUS.