5 - Lifecycle of Engineered Objects
5 - Lifecycle of Engineered Objects
5 - Lifecycle of Engineered Objects
Management
5
Lifecycle of Engineered Objects
Life Cycle
2
Life Cycle - Perspectives
3
Classification of Life Cycle
4
Classification of Life Cycle
5
Classification of Life Cycle
- Is the business - Conceptual phase - Prototype - Actual
idea feasible? (alternate designs developed manufacturing
- What are examined, - Performance - Resources sorted
customers’ appropriate assessed through out and organised
required concept finalised) testing
characteristics? - Detailed design
- Implications for and specifications
development, (materials,
acquisition, components etc) - Provide
marketing etc warranties
- Communicating
value of product/ - Rectify failures
service to
customers
- May go back to - Procedures/ - Distribution
phase 2 if test standards set up channels,
results require so to establish basis promotion media,
for ascertaining pricing etc
conformance - Bring product to
the customer
6
Classification of Life Cycle
7
Classification of Life Cycle
Operations &
Contract Fabrication Delivery Discard
Maintenance
NPD perspective
10
Reliability: Product Life Cycle Perspective
Different
notions of
Product
Reliability
11
Reliability: Product Life Cycle Perspective
Different
notions of
Plant
Reliability
12
Life Cycle Cost
• Life cycle cost refers to the total costs associated with an object
(product, plant, or infrastructure) over its useful life
• LCC from the manufacturer’s perspective is different from that of the
customer, in terms of cost elements included
13
Life Cycle Cost
• Manufacturer’s Perspective
‣ LCC = Design and development cost + manufacturing cost +
marketing + post sale service support cost
• Customer’s Perspective
‣ LCC = acquisition cost + operating cost + cost of maintenance +
disposal cost
14
Importance of Life Cycle Cost
15
Questions?