To Analyze Engineering Economy and Life Cycle Cost Analysis: Challenges and Considerations in Life Cycle Cost Analysis

Abstract

The literature on life cycle cost models and applications was examined in order to offer anoverview of life cycle costing employment and applications. The accuracy and adaptability with which lifecycle cost analysis approaches can estimate long-term expenditures is also studied. Cost-benefit analysisand employment models that take into account the entire lifecycle are by no means perfect. A reliable lifecycle cost analysis may be difficult to do, and this research will detail some of the main problems thatshould be taken into account before reaching any conclusions