Life Cycle Cost Analysis in Railway Systems

Per Hokstad
27.08.1998
44 sider
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A model for Life Cycle Cost (LCC) analysis of railway systems is presented. The model is rather simple, as e.g.
- the discount factor is constant through the lifetime
- the yearly costs (maintenance, operation etc) are fixed over the lifetime
- disposal cost of equipment by end of its life cycle is not included

The approach focuses on comparison between two options, in order to provide reasonable estimates of the LCC difference (for use as decision support).

A flexible method for data collection, applying a questionnaire that allows data to be provided at various levels of detail is also provided.

An example is given, comparing the LCC of turnouts when 1) standard maintenance is applied, and 2) a specific condition monitoring equipment is implemented for the turnouts.


Publisert 5. august 2008