Aspects of Life-Cycle Costs of an Asset

  • D. J. Leech
  • F. Etemad


Simple simulation is used to demonstrate that: deterministic methods may lead to our recovering less than the cost of a capital asset; our attempting to use an asset to the full extent of its apparent availability will cause late product delivery; any spares holding or replacement policy will be variable in its outcome and cost may not be very sensitive to the policy.


Cash Flow Weibull Distribution Capital Asset Replacement Policy Work Content 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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    Leech D J & Earthrowl D L (1971) Predicting design costs. Aeronautical Journal, 76 (741) [see alsoGoogle Scholar
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Copyright information

© Springer Science+Business Media New York 1986

Authors and Affiliations

  • D. J. Leech
    • 1
  • F. Etemad
    • 1
  1. 1.Department of Management Science and StatisticsUniversity College of SwanseaSwanseaUK

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