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Activity based life cycle analysis as an alternative to conventional LCC in engineering design
University of Stavanger.
University of Stavanger.
Luleå University of Technology, Department of Civil, Environmental and Natural Resources Engineering, Operation, Maintenance and Acoustics.
2011 (English)In: International Journal of Systems Assurance Engineering and Management, ISSN 0975-6809, E-ISSN 0976-4348, Vol. 2, no 3, p. 218-225Article in journal (Refereed) Published
Abstract [en]

Petroleum exploration and production in the Arctic region is becoming of increasing interest as the world needs more energy. However, since there is little experience and data on Arctic oil and gas production, the design of production facilities and equipment to be used in the Arctic region is fraught with high cost and risk. Conventional life cycle costing (LCC) approaches have been discussed in literature for many years, but it is difficult to perform such analysis due to the need of large amount of data and the inherent uncertainty in the results. There also is little evidence in the literature on practical usage of LCC. In this paper we discuss the differences between conventional LCC and activity-based LCC (AB-LCC) cost systems. Moreover, based on an analytical comparison between the two methodologies we find that the AB-LCC methodology may be a better alternative to use for cost analysis in the design of production facilities to be used in unfamiliar environments such as the Arctic. A simple numerical example is used to demonstrate the differences between conventional LCC and AB-LCC analysis.

Place, publisher, year, edition, pages
2011. Vol. 2, no 3, p. 218-225
National Category
Other Civil Engineering
Research subject
Operation and Maintenance
Identifiers
URN: urn:nbn:se:ltu:diva-16050DOI: 10.1007/s13198-011-0064-7Scopus ID: 2-s2.0-84862225509Local ID: fa1dfde1-0e9e-4b91-8f2e-e73a3f1988c6OAI: oai:DiVA.org:ltu-16050DiVA, id: diva2:989026
Note
Validerad; 2011; 20111121 (behzad)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2018-07-10Bibliographically approved

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Ghodrati, Behzad

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