Sensitivity Analysis of Fuzzy Activity-Based Life Cycle Costing

Mulubrhan, F. and Mokhtar, A.A. and Muhammad, M. (2018) Sensitivity Analysis of Fuzzy Activity-Based Life Cycle Costing. In: UNSPECIFIED.

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Abstract

A sensitivity analysis is typically conducted to identify how sensitive the output is to changes in the input. In this paper, the use of sensitivity analysis in the fuzzy activity based life cycle costing (LCC) is shown. LCC is the most frequently used economic model for decision making that considers all costs in the life of a system or equipment. The sensitivity analysis is done by varying the interest rate and time 15 and 45, respectively, to the left and right, and varying 25 of the maintenance and operation cost. It is found that the operation cost and the interest rate give a high impact on the final output of the LCC. A case study of pumps is used in this study. © 2018 The Authors, published by EDP Sciences.

Item Type: Conference or Workshop Item (UNSPECIFIED)
Additional Information: cited By 0; Conference of 2018 UTP-UMP-VIT Symposium on Energy Systems, SES 2018 ; Conference Date: 18 September 2018 Through 19 September 2018; Conference Code:141921
Uncontrolled Keywords: Cost benefit analysis; Costs; Decision making; Life cycle; Operating costs, Economic modeling; Fuzzy activity; High impact; Interest rates; Life-cycle costing; Maintenance and operation; Operation cost, Sensitivity analysis
Depositing User: Mr Ahmad Suhairi UTP
Date Deposited: 09 Nov 2023 16:36
Last Modified: 09 Nov 2023 16:36
URI: https://khub.utp.edu.my/scholars/id/eprint/9785

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