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Implementation of a Program for the Analysis of the Costs of Equipment’s Maintenance until the End of their Useful Life

The International Journal of Latest Trends in Finance and Economic Sciences

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Title Implementation of a Program for the Analysis of the Costs of Equipment’s Maintenance until the End of their Useful Life
 
Creator Pedro, Maria Isabel
Filipe, José António
Rodrigues, Bruno
 
Description Companies face nowadays a very competitive environment and they have to be well managed to remain sustainable. For being sustainable the company needs either to increase its prices over time or has to reduce the amount of expenses. Reducing costs may be the best option once the global market is very competitive. This work results from the intention of a company (ME-Construction Company) to get a tool to support the decisions related to the equipment management. The aim is to create a model for the analysis of the costs resulting from using ME-Construction Company’s equipments. The studied case is real. This model is the Life Cycle Cost complemented by the Net Present Value and Equivalent Annual Cost. It is worked on a representative sample of the equipment of the company. The application of this model allows the manager to have the estimating tools which may support and justify his decisions in the company. During the equipment’s lifetime, he may have the right perception of the evolution of the expenses and income. The company should develop an equipment costing methodology as much effective as possible in order to consider the expenses that are not included in the equipment value and to consider the equipments which release less greenhouse gases contributing to reduce the global greenhouse effect.
 
Publisher International Journal of Latest Trends in Finance and Economic Sciences
 
Contributor —
 
Date 2012-01-22
 
Type —
 
Format application/pdf
 
Identifier http://ojs.excelingtech.co.uk/index.php/IJLTFES/article/view/414
10.2047/ijltfes.v1i4.414
 
Source International Journal of Latest Trends in Finance and Economic Sciences; Vol 1, No 4 (2011): December
 
Language en
 
Rights The copyright of the contribution is transferred to IJLTFES in case of acceptance. The copyright transfer covers the exclusive right to reproduce and distribute the contribution, including reprints, translations, photographic reproductions, microform, electronic form, or any other reproductions of similar nature. The Author may publish his/her contribution on his/her personal Web page provided that he/she creates a link to the mentioned volume of IJLTFES. The Author may not publish his/her contribution anywhere else without the prior written permission of the publisher unless it has been changed substantially. The Author warrants that his/her contribution is original, except for such excerpts from copyrighted works as may be included with the permission of the copyright holder and author thereof, that it contains no libellous statements, and does not infringe on any copyright, trademark, patent, statutory right, or propriety right of others. The Author also agrees for and accepts responsibility for releasing this material on behalf of any and all co-authors.