Research on the Social Discount Rate for the Whole Life Cycle Engineering Cost Management

Xiao Dong Han; Ting Luo

doi:10.4028/www.scientific.net/AMR.243-249.6284

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 243-249Research on the Social Discount Rate for the Whole...

Research on the Social Discount Rate for the Whole Life Cycle Engineering Cost Management

Abstract:

The Whole Life Cycle Engineering Costing Management is an effective method to minimize the cost of an engineering project for the whole life, including the construction period, the operation period and the removal period. In this paper, we divided the Engineering Cost into three parts of labor costs, material costs and machinery costs. We have built a River-influx Model to calculate the social discount rate for the future, based on historical data and using MATLAB software to fit curves. We can then calculate the whole Life Cycle Engineering Cost for the future.

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Periodical:

Advanced Materials Research (Volumes 243-249)

Pages:

6284-6287

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.243-249.6284

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Online since:

May 2011

Authors:

Xiao Dong Han, Ting Luo

Keywords:

River-Influx Model, Social Discount Rate, Whole Life Cycle Costing

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References

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