TY  - CONF
AV  - none
N1  - cited By 3; Conference of 3rd International Conference on Mechanical Engineering Research, ICMER 2015 ; Conference Date: 18 August 2015 Through 19 August 2015; Conference Code:123507
N2  - 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.
TI  - Fuzzy Activity Based Life Cycle Costing for Repairable Equipment
ID  - scholars6868
KW  - Behavioral research; Costs; Decision making; Engineering research; Fuzzy sets; Life cycle; Pumps; Set theory
KW  -  Decision makers; Developed model; Interest rates; Interval mathematics; Life cycle costing; Life cycle costs (LCC); Operation and maintenance; Potential errors
KW  -  Fuzzy set theory
Y1  - 2016///
PB  - EDP Sciences
SN  - 2261236X
A1  - Mulubrhan, F.
A1  - Mokhtar, A.A.
A1  - Muhammad, M.
UR  - https://www.scopus.com/inward/record.uri?eid=2-s2.0-84987790541&doi=10.1051%2fmatecconf%2f20167400007&partnerID=40&md5=6cbc89383162cfcf2c8b27eafa858708
VL  - 74
ER  -