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Life Cycle Costing of Building Structure

Publication Date : 10/07/2015

Author(s) :

Shweta S.Sawant , Prof.Dr.P.G.Gaikwad.

Conference Name :
4th International Conference on Recent Trends in Engineering & Technology(ICRTET-2015) July 2-4,2015 Organized by SNJB's KBJ College of Engineering,Chandwad,Nashik,Maharashtra,India

Abstract :

Cost is the main criteria at the time of making choice Thus it has become essential to optimize it stage.i.e. acquisition to the disposal of an asset.Life cycle costing is concerned with optimizing value of physical asset or system by considering all cost factors relating to asset during it An ability to determine the life cycle cost of building will help to evaluate the value of existing structure and make better decision for value of money, that is, the variation in the cost costing, bunglow is selected. From cost constitutes only 23% of total life cycle cost of bunglow while service cost cons Keywords-Life Cycle Cost(ing);cost optimization;Net Present Value; operational life; Life Cycle Costing (LCC) was originally designed for investment purposes in the U.S. Department of Defence [10]. The importance of by the fact that the operational costs regarding to weapon systems, where 75% of the total life cycle costs. Later the LCCmethod was also applied in the sector.The need to apply whole life costing becomes even more important when considering sustainable buildings. This is because sustainability advocates having the buildings needed at the lowest, environmental, social, and economic cost to be able to “meet the n compromising the ability of future generations to meet their own needs”. Green buildings are designed to use resources efficiently (e.g., materials, energy), minimize impacts on the environment (e.g., emissions), and reduce long-term costs There is considerable evidence that many organisations make acquisition of asset simply on basis of purchase cost alone.[3]Usually the cost of operation and times over. Therefore, to overcome this problem of increasing cost budget, concept of LCC analysis is used to optimize cost.Life cycle costing (LCC) is used to evaluate the cost performance of a building throughoutits life cycle, including acquisition, construction, operation, repair, replacement and disposal.It allows comparison among the different system Cycle Costing (LCC) concerns the estimation i.e. construction, operation, maintenance and disposal / recovery. The ultimate aim is to calculate the combined costsassociated with each phase of the life cycle and attempting to minimize it, thus providingeconomic benefits to both the producer and the end user. Life Cycle Cost analysis needs various The cost variables are categorized into groups: and Research 2349-9745, Date: 2-4 July, 2015 s Costing of Building Structure 1,Prof.Dr.P.G.Gaikwad2 NDMVPS’s KBT, COE Civil NDMVPS’s KBT, ost between different systems or assets. throughout their entire life cycle from initial stage its operational life. etter new structure or system and it also takes into account the time ation due to its timing. For the application of life cycle Life Cycle Cost analysis of bunglow it is found that acquisition constitutes 77%.

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