Life Cycle Cost Principle of Material Handling


0

A through economic analysis should account for the entire life cycle of material handling equipment and resulting systems.

 

  1. Life cycle cost includes all cash flows that occur between the time the first dollar is spent to plan a new material handling method or piece of equipment until that method and /or equipment is totally replaced.
  2. Life cycle cost includes capital investment, installation, set up and equipment programming, training system testing and acceptance, operating (labor, utilities etc.), maintenance and repair, reuse value and ultimate disposal.
  3. A plan for preventive and predictive maintenance should be prepared for the equipment, and the estimated cost of maintenance and spare parts should be included in the economic analysis.

 

The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

4 Comments

Facebook comments:

Ask Us On WhatsApp