Design improvement using life cycle costing methodology

Abstract

With the increasing world population, pollution becomes more serious too. At the present, pollution is increasing and developed countries had recognised pollution as a severe problem and need legislation to overcome this problem. Ecologic regulations are added to manufacturer to prevent further damage of environment. For example, take back laws such as end of life vehicle directive also forcing the manufacturer to be more concern with their product. Concerns are on the end of life product, where manufacturer think about cost, because cost are needed to recycle end of product. Life cycle costing is a method to help designer in decision making, where cost influence type of design. If life cycle costing is not performed, the cost of product design might be undercosting or overcosting and is out of the typical scope or focus of product selection processes. Life cycle costing play important role in helping manufacturer to choose better design to save cost and reduce waste. In this project, Life cycle costing methodology is used to improve product design with lower cost.