Life cycle cost analysis on educational facilities in Japan Online publication date: Fri, 31-Jan-2014
by Kenji Kimoto; Yuri Yoshizaki; Tomoyo Ikeda
International Journal of Project Organisation and Management (IJPOM), Vol. 5, No. 1/2, 2013
Abstract: The life cycle cost (LCC) is considerably important in facility management. However, there are some problems related to the assessment of LCC. This research aims to establish an efficient facility management system for educational institutions. First, the analysis of the actual LCC of university facilities clarifies the difference between the theoretical LCC and the actual LCC. Second, from the standpoint of both engineering and management, this research examines the factors which cause the difference. The comparison between budget and closing accounts shows the actual adjusting function in facility management. In particular, the timing and cost of repairing and renovation is subject to the facility management policy. Finally, this paper shows the recommendation for the realistic estimation method of LCC based on different facility management policies and examples of LCC planning based on two types of facility management policies. This paper discusses how to plan and manage the LCC.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Project Organisation and Management (IJPOM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook