Power · 2002 · 11 citations · 0 references
ManagementEconomicsOperations ManagementCost-benefit AnalysisEnergy EconomicsLife Cycle AssessmentCost AnalysisCost EstimationCost MeasurementLife-cycle CostingLifecycle CostingMaintenance CostsLife Cycle Cost ModellingLife Cycle Cost PlanningLife-cycle Cost EstimationLifecycle Cost AnalysisLifecycle Cost ModelingLifetime Cost AnalysisPower System Maintenance CostsReliability Cost Analysis
The true life cycle cost of operating and maintaining a powerplant includes the penalties incurred during starts, stops, and cycling operation-the 'wear and tear' on equipment that degrades efficiencies, increases forced-outage rates, and swells maintenance budgets. Accurately determining this cost requires sophisticated analysis (and a bit of courage, because the answer can be frightening).