Project Life Cycle

Life Cycle Cost Analysis Case Study

67During summer 2011, students from Auburn University traveled to India as part of a NSF International Research Experience for Students (IRES) project to work with Larsen and Toubro to assist in the development of a Life-Cycle Cost Analysis research project. Life-Cycle Cost Analysis (LCAA) is an important tool for businesses to use when evaluating total cost of a project in relation to how much cost would the business acquire over a period of time. Factors that the business evaluates include replacement costs and operation, maintenance, and repair cost. Larsen and Toubro, a leading construction company in India, understands this and uses Life-Cycle Cost Analysis to evaluate the lifetime cost of elements, such as lighting of a building.

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