Int J Performability Eng ›› 2012, Vol. 8 ›› Issue (3): 249-264.doi: 10.23940/ijpe.12.3.p249.mag
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SAMINDI M. K. SAMARAKOON, TORE MARKESET, and OVE T. GUDMESTAD
Abstract:
Frequent technological advancements demand extended qualification processes for newly introduced techniques. In this context, European Union’s Integrated Pollution Prevention and Control (IPPC) directive provides a backbone for evaluating Best Available Technique (BAT) and making sustainable decisions. The selection of BAT is a challenging process, as frequent technological advancements result in numerous innovative solutions. This manuscript illustrates the use of life cycle costing (LCC) as a tool for selecting the best available and qualified technique (BAQT) from several technically viable alternatives. An industrial case study is carried out to demonstrate how to use LCC effectively while comparing two alternatives in initial phase of a project. The manuscript also illustrates how to integrate health, safety and environmental (HSE) aspects in parallel with LCC principles and make sustainable decisions.
SAMINDI M. K. SAMARAKOON, TORE MARKESET, and OVE T. GUDMESTAD. Life Cycle Costing as a Tool for Selecting the Best Available and Qualified Technique for Managing Physical Assets [J]. Int J Performability Eng, 2012, 8(3): 249-264.
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URL: https://www.ijpe-online.com/EN/10.23940/ijpe.12.3.p249.mag
https://www.ijpe-online.com/EN/Y2012/V8/I3/249