The Life Cycle Cost Evaluation Model of Typical Power Grid Equipment Asset
Lingxiao Cui, Dongdong Wang, Shengping Yao, Shimin Wei, Hongda Gao, Haitao Zhang, Ning Xu, Fei Wang · Advances in Engineering Technology Research · 2024
The life cycle cost evaluation of the power grid equipment asset is a systematic tool for assessing all the costs associated with the equipment throughout its life cycle, including all stages of planning, design, procurement, installation, operation, maintenance, and decommissioning. By comprehensively calculating these costs, it provides in-depth financial analysis support for the enterprise. The modeling process involves defining objectives and scope, identifying and refining cost elements, collecting data, constructing mathematical models. Through the systematic costing, companies can optimize asset management, improve the accuracy of investment decisions, and effectively control costs throughout the life cycle.