Special Issue "Life Cycle Cost - A Tool for Development of Sustainable Products and Technologies"
A special issue of Sustainability (ISSN 2071-1050).
Deadline for manuscript submissions: 30 November 2021.
Interests: life cycle cost analysis; reliability analysis; maintenance; transport
Interests: theory of reliability; stochastic models of maintenance; optimisation of transport costs; statistics in transport
Interests: operation of machines and vehicles as well as reliability; safety and economy in transport
Life cycle costing (LCC) is often used to assess different technological processes in many manufacturing sectors, such as the automotive, railway, mining, energy, building construction, chemical, and consumer goods sectors. LCC is different from the traditional cost accounting system which reports cost object profitability on a calendar basis (i.e., monthly, quarterly and annually), whereas life cycle costs are the sum of all funds expended in support of the item from its conception and fabrication through its operation to the end of its useful life. Although many different methods of LCC are known, they are not widely implemented and little is known about how practising LCC improves life cycle management (LCM), especially if LCM is considered in three dimensions of sustainability, such as economy (LCC), environment (LCA), and social (SLCA).
Furthermore, the costs generated during the technology operation period can be significant, especially maintenance, repair and replacement costs, therefore they should be taken into consideration during the decision-making process, namely through a Life Cycle Cost Analysis. One key element of long-term maintenance is the identification and optimisation of the life cycle costs of investments as part of purchasing decision-making. The predictability of costs and the profitable use of technology can be enhanced by using the techno-economic LCC model, which can be used to predict life cycle costs as part of maintenance management and investment planning.
Original research, theoretical and experimental, case studies, and comprehensive review papers are invited for possible publication in this Special Issue. It will also consider computational techniques, probabilistic methods, and mathematical optimisation techniques that are expertly blended to support the analysis of multicriteria decision-making problems with defined requirements.
We invite submissions from the areas of engineering, natural sciences, public policy, law, social science, business and economics. Relevant topics to this Special Issue include, but are not limited to the following subjects:
- Life-Cycle Costing (LCC) as an assessment tool used in industrial technology;
- LCC analysis as an engineering economic analysis quantifying the differential costs of alternative investment options;
- Stochastic processes in the life cycle cost prediction;
- Remaining useful lifetime and maintenance costs of the operated technical facility;
- Environmental and economic life cycle efficiency;
- Sustainable production and consumption;
- Prediction and optimisation of durability, reliability and operating costs;
- RAMS analysis for transport systems;
- Analysis of the warranty period in terms of safety, reliability and cost of use.
Assoc. Prof. Dr. Jaroslaw Selech
Assoc. Prof. Dr. Karol Andrzejczak
Assoc. Prof. Dr. Stanisław Młynarski
Dr. Katarzyna Joachimiak-Lechman
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1900 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
- life cycle cost (LCC)
- life cycle assessment (LCA)
- life cycle management (LCM)
- social life cycle assessment (SLCA)
- life cycle cost management
- sustainable products
- sustainable technology
- sustainable system
- maintenance management
- remaining useful lifetime (RUL)
- stochastic models of maintenance
- theory of reliability
- statistics in transport
- safety (RAMS)
- warranty time