Whole-Life Costing for Capability

Research output: Contribution to journalArticle

2 Citations (Scopus)
23 Downloads (Pure)

Abstract

In recent years, there has been growing emphasis on the need to provide transparency in the costs of engineering programmes, leading to growing emphasis on Whole Life Cost (WLC) modelling techniques. This has arisen largely due to the increased interested in longer timescale projects and programmes, combined with the emergence of system-of-systems and network enabled capability concepts. This change in the implementation and management of large scale projects has necessitated the development of alternative methods of evaluating performance. This work seeks to address the shortfalls in current costing methodologies when applied to these highly flexible environments, and to propose a conceptual model for dealing with the encountered complexities. The approach has a fundamental role and potential significance in the future of whole life costing for Network Enabled Capability (NEC) but can also offer a potential paradigm shift for costing in traditional engineering environments.
Original languageEnglish
Pages (from-to)712-723
Number of pages12
JournalJournal of Aircraft
Volume49
Issue number3
DOIs
Publication statusPublished - May 2012

Keywords

  • cost modelling
  • whole life cost
  • systems engineering
  • NEC

ASJC Scopus subject areas

  • Aerospace Engineering

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