Figure 1 shows the lifecycle cost chart which is a summation of all the costs related to a product, structure, system, or service during its life span. Where do the highest chances for cost reduction happen? > Show Timer* Question Completion Status:HighPotential for life-cycle cost savingsCumulativelife-cycle costCostCumulativecommittedlife-cycle($)costTIMEDetailed design; Production or i Operation orconstruction. customer use;maintenanceRetirementand disposal.NeedsConceptual(preliminary) production ordesign;advanceddevelopment; i facilityprototype! testing.assessment;definition ofrequirements.constructionplanning;and support.and resource| acquisition.ACQUISITION PHASEOPERATION PHASEO At the end of the operation phaseO At the begining of the acquisition phaseO It depends on the lifecylce cumulative costsO None of the above-----

In the given diagram, the lifecycle chart of the summation of different costs is given.

Show Timer * Question Completion Status: High Potential for life- cycle cost savings Cumulative life-cycle cost Cost Cumulative committed life-cycle (S) cost TIME Conceptual (preliminary) production or design; advanced development; facility prototype testing. Detailed design; Production or i Operation or i Retirement Needs assessment; definition of requirements. construction. customer use; and disposal. maintenance and support. construction planning: and resource acquisition. ACQUISITION PHASE OPERATION PHASE O At the end of the operation phase O At the begining of the acquisition phase O It depends on the lifecylce cumulative costs O None of the above

Show Timer * Question Completion Status: High Potential for life- cycle cost savings Cumulative life-cycle cost Cost Cumulative committed life-cycle (S) cost TIME Conceptual (preliminary) production or design; advanced development; facility prototype testing. Detailed design; Production or i Operation or i Retirement Needs assessment; definition of requirements. construction. customer use; and disposal. maintenance and support. construction planning: and resource acquisition. ACQUISITION PHASE OPERATION PHASE O At the end of the operation phase O At the begining of the acquisition phase O It depends on the lifecylce cumulative costs O None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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