This paper introduces the concept of life cycle cost (LCC) and reliability performance as contractual requirements in the acquisition of new equipment, and points out the benefits to the purchaser. It goes on to describe the models and computer programs used by Swedish State Railways to implement LCC and outlines two case studies. The paper concludes with some advice on setting up and operating an LCC system.
Life Cycle Costing in the Swedish Railways
1985-04-01
8 pages
Article (Journal)
Electronic Resource
English
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