Simulation based life cycle cost modelling as a decision support tool

Thokala, P., Scanlan, J.P. and Chipperfield, A. (2007) Simulation based life cycle cost modelling as a decision support tool. In 7th AIAA ATIO Conf, 2nd CEIAT Int'l Conf on Innov and Integr in Aero Sciences,17th LTA Systems Tech Conf; followed by 2nd TEOS Forum. American Institute of Aeronautics and Astronautics.. (doi:10.2514/6.2007-7724).

Record type: Conference or Workshop Item (Paper)

Abstract

This paper summarizes the work that has been carried out as part of the FLAVIIR project, a 5
year research program looking at technologies for future unmanned air vehicles. This is a UK
EPSRC funded project sponsored by BAE systems. A framework is presented in which a life cycle
cost model can be integrated into the design process to facilitate the comparison between different
configurations. The architecture to estimate the life cycle cost and the associated models are
described. The acquisition costs are estimated using a hierarchical structure and a discrete
simulation model is used to estimate the maintenance and operation costs. It is then demonstrated
how the framework can be used to evaluate the cost penalty of different design concepts.

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