Life Cycle Costing For Engineers

Life Cycle Costing for Engineers K10869_Book.indb 1 8/26/09 1:44:22 PM K10869_Book.indb 2 8/26/09 1:44:22 PM Life Cycle Costing for Engineers B.S. DHILLON K10869_Book.indb 3 8/26/09 1:44:22 PM CRC Press Taylor & Francis Group 6000 Broken Sound Parkway NW, Suite 300 Boca Raton, FL 33487-2742 © 2010 by Taylor and Francis Group, LLC CRC Press is an imprint of Taylor & Francis Group, an Informa business No claim to original U.S. Government works Printed in the United States of America on acid-free paper 10 9 8 7 6 5 4 3 2 1 International Standard Book Number: 978-1-4398-1688-2 (Hardback) This book contains information obtained from authentic and highly regarded sources. Reasonable efforts have been made to publish reliable data and information, but the author and publisher cannot assume responsibility for the validity of all materials or the consequences of their use. The authors and publishers have attempted to trace the copyright holders of all material reproduced in this publication and apologize to copyright holders if permission to publish in this form has not been obtained. If any copyright material has not been acknowledged please write and let us know so we may rectify in any future reprint. Except as permitted under U.S. Copyright Law, no part of this book may be reprinted, reproduced, transmitted, or utilized in any form by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying, microfilming, and recording, or in any information storage or retrieval system, without written permission from the publishers. For permission to photocopy or use material electronically from this work, please access www.copyright. com (http://www.copyright.com/) or contact the Copyright Clearance Center, Inc. (CCC), 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400. CCC is a not-for-profit organization that provides licenses and registration for a variety of users. For organizations that have been granted a photocopy license by the CCC, a separate system of payment has been arranged. Trademark Notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. Library of Congress Cataloging-in-Publication Data Dhillon, B. S. (Balbir S.), 1947Life cycle costing for engineers / author, editor, B.S. Dhillon. p. cm. “A CRC title.” Includes bibliographical references and index. ISBN 978-1-4398-1688-2 (hard back : alk. paper) 1. Life cycle costing. 2. Engineering economy. 3. Product life cycle. I. Title. TA177.7.D3525 2010 658.15’52--dc22 2009030894 Visit the Taylor & Francis Web site at http://www.taylorandfrancis.com and the CRC Press Web site at http://www.crcpress.com K10869_Book.indb 4 8/26/09 1:44:23 PM This book is affectionately dedicated to my dear friend, Dr. G. S. Guram, in thanks for his guidance, honesty, support, and friendship over the years. K10869_Book.indb 5 8/26/09 1:44:23 PM K10869_Book.indb 6 8/26/09 1:44:23 PM Contents Preface.................................................................................................................... xiii The Author........................................................................................................... xvii 1 Introduction......................................................................................................1 1.1 Background.............................................................................................1 1.2 Terms and Definitions...........................................................................2 1.3 Useful Information on Life Cycle Costing.........................................3 1.3.1 Journals.................................................................