LCC Life Cycle Cost
LCC is an important asset KPI that combines financial, technical and logistic aspects of the asset.
BQR’s LCC module allows to easily define all aspects of the asset operation and maintenance, allowing to calculate the expected Life Cycle Cost of complex assets, accounting for maintenance, inspections, spare parts, transportation, failure and down time cost.
The module calculates the expected asset behavior (including redundancies) and accounts for the cost of all events.
This is an excellent Strategic Decision Support System for asset design or overhaul.
Benefits
LCC analysis software is a Decision Support tool for
- Design of asset / fleet maintenance concept
- ROI analysis of IIoT systems
- Tender bids
- Planning overhauls
Steps for conducting a LCC analysis
Import (optional)
- Import the block tree, components and failure modes from BQR’s FMECA using BQR’s Core Database
- Alternately, data can be imported from CSV files
User Input
- Define project data such as: Life-Cycle period and operation profiles
- Define the reliability model, repair and replace policy for each block
- Define logistics options for the asset including: spare stocks, OEMs, shops, and transportation routes
- Define costs of inspections, maintenance actions, and downtime
- Define resources required for each inspection and maintenance task (optional)
- Define additional scenarios in order to compare cost and availability
Analysis
- The software validates the user data. If data is missing, user is notified
- Software calculates the expected asset behavior and Life-Cycle Cost (LCC). Additionally, identify key failure and cost drivers
Reports
- Detailed reliability and availability parameters for each block
- Detailed Life Cycle Cost analysis
- Trade-Off: comparison between scenarios
- All reports can be saved as Excel, HTML or Word files
Features
- Flexible asset behavior model
- Part libraries
- Import tree from Excel or BQR CARE
- Fast analytic calculations
- Detailed help and wizard for beginners and advanced users