LCC analyses (LCCA) and discounting calculations are applied by public sector organizations in the Netherlands. Still numerous misunderstandings can be recognized. An overview is given of some common misunderstandings found in Life Cycle Costing Analyses. Issues relating to public assets are: the absence of residual value, long life cycles, high investment costs, long operation and maintenance expenditures and a low discount rate. All these issues make a careful estimation of life cycles and input parameters more important than most governments and local authorities realize. Six suggestions to improve LCC analyses of public assets are given.
Original languageEnglish
Title of host publicationLife-Cycle of Engineering Systems: Emphasis on Sustainable Civil Infrastructure
Subtitle of host publicationProceedings of the 5th International Symposium on Life-Cycle Engineering, Delft, Netherlands
EditorsJaap Bakker, Dan M. Frangopol, Klaas van Breugel
PublisherTaylor & Francis
ISBN (Electronic)978-1-4987-7701-8
ISBN (Print)978-1-138-02847-0
Publication statusPublished - 2017
Event5th International Symposium on Life-Cycle Engineering: Life-Cycle of Engineering Systems: Emphasis on Sustainable Civil Infrastructure - Delft, Netherlands
Duration: 16 Oct 201620 Oct 2016
Conference number: 5

Publication series

NameLife-Cycle of Civil Engineering Systems
PublisherCRC Press


Conference5th International Symposium on Life-Cycle Engineering
Abbreviated title IALCCE 2016
Internet address

ID: 7419903