A generic life cycle cost modeling approach for aircraft system.
Life cycle cost (LCC) is truly representative to the total cost of an aircraft through its life cycle. It is usually used for estimating the cost-effectiveness of an aircraft design. For enabling LCC estimation at early stage, A LCC model have been being developed for aircraft wing under the umbrella of Integrated Wing Advanced Technology Validation Programme in United Kingdom. Object-oriented and hierarchical approaches are used for LCC modelling. The cost estimation is based on bottom-up approach. The developed LCC model is generic, and can be customized and applied for estimating the costs of other aircraft systems.
Citation:Xu, Y. et al. (2008) A generic life cycle cost modeling approach for aircraft system. In: Curran, R., Chou, S. Y. and Trappey, A. (eds.) Collaborative product and service life cycle management for a sustainable world: proceedings of the 15th ISPE International Conference on Concurrent Engineering (CE2008), Belfast, August 2008. London: Springer-Verlag, pp. 251-258.