"Life Cycle Cost Modeling: Replacement or Supplement?"
Author: Harrison, Daniel C.
Published In: Facilities Manager
Date: September/October 2004
Facility Asset Management column. Describes how the life cycle model is a valuable addition to the facility condition analysis (FCA), which is the best method available for predicting short-term facilities needs with reliable accuracy. Because a FCA does not address the issue of continuing cyclical facilities needs, the life cycle model can identify all major systems and components in a facility that require renewal and then quantify this by assigning a life cycle and unit component renewal cost to each item. Shows how this information can be utilized, stressing that it does not replace the FCA.
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