relation: https://khub.utp.edu.my/scholars/6868/
title: Fuzzy Activity Based Life Cycle Costing for Repairable Equipment
creator: Mulubrhan, F.
creator: Mokhtar, A.A.
creator: Muhammad, M.
description: Life-cycle cost (LCC) is the much known method used for decision making that considers all costs in the life of a system or equipment. Predicting LCCs is fraught with potential errors, owing to the uncertainty in future events, future costs, interest rates, and even hidden costs. These uncertainties have a direct impact on the decision making. Activity based LCC is used to identify the activities and cost drivers in acquisition, operation and maintenance phase. This activity based LCC is integrated with fuzzy set theory and interval mathematics to model these uncertainties. Day-Stout-Warren (DSW) algorithm and the vertex method are then used to evaluate competing alternatives. A case of two pumps (Pump A and Pump B) are taken and their LCC is analysed using the developed model. The equivalent annual cost of Pump B is greater than Pump A, which leads the decision maker to choose Pump A over Pump B. © 2016 The Authors, published by EDP Sciences.
publisher: EDP Sciences
date: 2016
type: Conference or Workshop Item
type: PeerReviewed
identifier:   Mulubrhan, F. and Mokhtar, A.A. and Muhammad, M.  (2016) Fuzzy Activity Based Life Cycle Costing for Repairable Equipment.  In: UNSPECIFIED.     
relation: https://www.scopus.com/inward/record.uri?eid=2-s2.0-84987790541&doi=10.1051%2fmatecconf%2f20167400007&partnerID=40&md5=6cbc89383162cfcf2c8b27eafa858708
relation: 10.1051/matecconf/20167400007
identifier: 10.1051/matecconf/20167400007