Life Cycle Costing in Aircraft Maintenance: Life Cycle Cost Models Development and Implementation

Observation of current practices in aircraft operations and maintenance shows limited consideration of cost savings applied by aircraft modifications, maintenance program optimisation and aircraft selection. This is due to hidden (maintenance dependent) costs and difficulties in quantifying the utilisation of a higher availability or reduction of revenue losses. Most of the decisions for aircraft modification and maintenance program optimisation are made only to fulfil airworthiness or operational requirements. This situation can be improved by a better quantification of the required investment and the savings achieved by a proper evaluation of the implemented modifications and maintenance program optimisations. In this book Life Cycle Cost models are developed, called LCC-OPS, which visualise the hidden costs and quantify opportunity revenues or losses. This book should be especially useful for engineers and managers in aircraft operations and maintenance, or anyone else who may be considering the Life Cycle Cost for evaluating design alternatives.