Development of switchgear life cycle cost analysis software

Development of switchgear life cycle cost analysis software

In today's demanding business environment, determining the Life Cycle Cost Analysis (LCCA) is important in order for utilities to make the right decision when it embarks on any form of assets retrofit or refurbishment or replacement. The LCCA is a process of evaluating the economic performance...

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Bibliographic Details
Main Authors: Loo Y.L., Yaw C.T., Hashim A.H., AMMohamad, Faizah M.K., Noormala A.
Other Authors: 36560033700
Format: Conference paper
Published: 2023
Subjects:
Distribution system
LCCA
Switchgears
Cost accounting
Costs
Economics
Electric switchgear
Life cycle
Optimization
Retrofitting
Business environments
Data and information
Distribution systems
Economic performance
Financial system
Life-cycle cost analysis
Lifecycle costs
Total cost of ownership
Cost benefit analysis
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Institution: Universiti Tenaga Nasional
Description
Summary:In today's demanding business environment, determining the Life Cycle Cost Analysis (LCCA) is important in order for utilities to make the right decision when it embarks on any form of assets retrofit or refurbishment or replacement. The LCCA is a process of evaluating the economic performance of an asset over its entire life. Sometimes known as "whole cost accounting" or "total cost of ownership", LCCA balances initial monetary investment with the long-term expense of owning and operating the assets. This research has developed an LCCA model for distribution switchgears through identification, analysis and development of switchgear life cycle cost profiles, data and information sources from available assetbased and financial system in TNBD. �2010 IEEE.

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