MATEC Web Conf.
Volume 225, 2018UTP-UMP-VIT Symposium on Energy Systems 2018 (SES 2018)
|Number of page(s)||7|
|Section||Energy generation efficiency|
|Published online||05 November 2018|
Sensitivity Analysis of Fuzzy Activity-Based Life Cycle Costing
Universiti Malaysia Pahang, 26300 Gambang, Pahang, Malaysia,
2 Universiti Teknologi Petronas, 32610 Bandar Seri Iskandar, Perak, Malaysia
* Corresponding author: email@example.com
A sensitivity analysis is typically conducted to identify how sensitive the output is to changes in the input. In this paper, the use of sensitivity analysis in the fuzzy activity based life cycle costing (LCC) is shown. LCC is the most frequently used economic model for decision making that considers all costs in the life of a system or equipment. The sensitivity analysis is done by varying the interest rate and time 15% and 45%, respectively, to the left and right, and varying 25% of the maintenance and operation cost. It is found that the operation cost and the interest rate give a high impact on the final output of the LCC. A case study of pumps is used in this study.
© The Authors, published by EDP Sciences, 2018
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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