Cost Optimization of Residential Structure by Life Cycle Cost Analysis

It is common that cost is the main criterion at the time of making choices between different systems. With life-cycle cost (LCC) calculations, it is possible to get better overview of the total cost. Life Cycle Cost (LCC) is 'œthe total cost of owning, operating, maintaining, and disposing of a building or a building system' over a period of time. History shows that decisions relating to residential buildings are generally based on estimates of the initial construction cost, with no consideration of operation and maintenance cost occurring during life of building. Continuously rising operation and maintenance cost increases overall life cycle cost. It can be minimized by investing most efficient solution at initial stage. The present study includes analysis of all cost of existing bungalow. Applying LCC analysis on new bunglow by Net present value approach. By extrapolating all cost of new bungalow, analysis is done for Do nothing and energy efficient approach. Comparative analysis was done for suggesting cost effective solution. S. S. Sawant | S. P. Atpadkar | R. S. Kognole"Cost Optimization of Residential Structure by Life Cycle Cost Analysis" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-2 , February 2018, URL: http://www.ijtsrd.com/papers/ijtsrd9650.pdf http://www.ijtsrd.com/engineering/civil-engineering/9650/cost-optimization-of-residential-structure-by-life-cycle-cost-analysis/s-s-sawant