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Reliability-Based Life-Cycle Economic Analysis

Reliability-Based Life-Cycle Economic Analysis. Dr Bill Wessels, PE CRE Principal R esearch Scientist UAH Research Institute Reliability & Failure Analysis Lab. Part Alternatives. Five Vendors offer part that meets or exceeds reliability requirements Acquisition Costs A - $6,064

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Reliability-Based Life-Cycle Economic Analysis

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  1. Reliability-Based Life-Cycle Economic Analysis Dr Bill Wessels, PE CRE Principal Research Scientist UAH Research Institute Reliability & Failure Analysis Lab

  2. Part Alternatives • Five Vendors offer part that meets or exceeds reliability requirements • Acquisition Costs • A - $6,064 • B - $3,803 • C - $5,398 • D - $6,919 • E - $4,376 Dr Bill Wessels PE CRE

  3. Part Failure – MaintenanceCycle Dr Bill Wessels PE CRE

  4. Labor Allocation & Costs/hr – Part Alpha Dr Bill Wessels PE CRE

  5. Labor Allocation & Costs/hr – Parts Beta & Charlie Dr Bill Wessels PE CRE

  6. Labor Allocation & Costs/hr – Parts Delta & Echo Dr Bill Wessels PE CRE

  7. Overhead Costs Dr Bill Wessels PE CRE

  8. Deterministic Part Alternatives Dr Bill Wessels PE CRE

  9. Part A Baseline Simulation Dr Bill Wessels PE CRE

  10. Part B Baseline Simulation Dr Bill Wessels PE CRE

  11. Part C Baseline Simulation Dr Bill Wessels PE CRE

  12. Part D Baseline Simulation Dr Bill Wessels PE CRE

  13. Part E Baseline Simulation Dr Bill Wessels PE CRE

  14. Tests of Hypotheses for Means Dr Bill Wessels PE CRE

  15. Costs Table – Part Alpha Dr Bill Wessels PE CRE

  16. Costs Table – Part Beta Costs Table – Part Charlie Dr Bill Wessels PE CRE

  17. Costs Table – Part Delta Costs Table – Part Echo Dr Bill Wessels PE CRE

  18. Engineering Economic Analysis • rd = APR • n = q • m = CP/yr • i = rd/m • A = uniform cost per hr • PV[A] = PV(i, n, A) • F = S [Costs at n] • PV[F]= PV(i, n,_, F) • NPV = PV[A] + PV[F] • AEquiv = PMT(i, n, NPV) Dr Bill Wessels PE CRE

  19. Part A Life-Cycle Economic Analysis Dr Bill Wessels PE CRE

  20. Part Alternatives Life-Cycle Economic Analyses Dr Bill Wessels PE CRE

  21. Dr Bill Wessels PE CRE

  22. Part Alternatives Economic Ranking Dr Bill Wessels PE CRE

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