Human Total Cost of Ownership: Measuring the Impact of Human Factors on System Engineering

2008 ◽  
Author(s):  
Robert R. Hoffman ◽  
Wayne Zachary ◽  
John Burns ◽  
Michael Drillings ◽  
Christopher R. Hale ◽  
...  
Keyword(s):  
Human Factors ◽  
System Engineering ◽  
Total Cost Of Ownership ◽  
Total Cost ◽  
Cost Of Ownership ◽  
The Impact

Human Total Cost of Ownership: Measuring the Impact of Human Factors on System Engineering

2008 ◽  
Vol 52 (4) ◽  
pp. 202-205
Author(s):  
Robert R. Hoffman ◽  
Wayne Zachary ◽  
John Burns ◽  
Michael Drillings ◽  
Christopher R. Hale ◽  
...  
Keyword(s):  
Human Factors ◽  
System Engineering ◽  
Total Cost Of Ownership ◽  
Total Cost ◽  
Cost Of Ownership ◽  
The Impact

Heavy Lifters, India: Towards a Circular Economy Era

2021 ◽  
pp. 097226292110435
Author(s):  
Anupama Prashar
Keyword(s):  
Operations Management ◽  
Circular Economy ◽  
Business Models ◽  
Total Cost Of Ownership ◽  
Total Cost ◽  
Planning And Control ◽  
Cost Of Ownership ◽  
Challenges And Opportunities ◽  
And Control ◽  
The Impact

The case helps students to understand the emerging concept of linear and circular economies. It facilitates to examine the implications of circular business models such as remanufacturing on operations management decisions. It also introduces them to the concept of total cost of ownership and impact of remanufacturing on reducing total cost of ownership. The cases help students to evaluate the challenges and opportunities of remanufacturing business in emerging economy like India. This case is among the first few cases on the application of circular economy principles in context of heavy-duty and off-road sector and the impact of these principles on product design and production planning and control decisions.

scholarly journals The Impact of Using the Total Cost of Ownership (TCO) Account for a Reusable Wooden Flat Pallet in Its Operational Phase on Respecting the Principles of Sustainable Development

Resources ◽  
2021 ◽  
Vol 10 (11) ◽  
pp. 116
Author(s):  
Mariusz Jedliński ◽  
Mariusz Sowa
Keyword(s):  
Sustainable Development ◽  
Supply Chains ◽  
Essential Element ◽  
Basic Research ◽  
Primary Data ◽  
Total Cost Of Ownership ◽  
Total Cost ◽  
Cost Of Ownership ◽  
Operational Life ◽  
The Impact

Despite the commonly observed trend towards mechanization and automation of operational processes, the potential benefits of wooden pallets as an essential element of the infrastructure of logistic processes are often overlooked in considerations related to sustainable development. Aspects that are mentioned more often include the very idea of the economy itself (circular economy), characteristics of logistics (green), features of the supply chain itself (sustainable) or expectations towards transport (ecological). The authors believe that the idea of total cost of ownership (TCO) in relation to wooden pallets can be a key component of holistic thinking in terms of sustainable development. In a situation where in relation to logistics, reasonable expectations for developing sustainable supply chains are made, paying attention to such a common logistic facility, namely a cargo pallet, which is given so little attention in research, is, in the opinion of the authors, absolutely justified. Therefore, the article presents an original approach to the problem of aggregation of all costs that cargo pallets generate in their operational life cycle, using the total cost of ownership (TCO) analysis methodology. The main goal of the article, however, is to show that the total cost of ownership of a pallet (not only owning it) can become an effective tool used to significantly reduce the costs of logistic activity of enterprises (as well as whole supply chains) and support the idea of sustainable development in practice. Using the primary data from questionnaire research, the focus was on considerations that were of identification character (cognitive and explanatory considerations), which are typical for basic research that aims to explain given phenomena. Thus, the presented cognitive process covers two main areas, namely: the general theory of sustainable development and the specificity of wooden pallets as carriers used in goods trading in terms of their total costs of ownership.

Total Cost of Ownership Analysis of the Impact of Vehicle Usage on the Economic Viability of Electric Vehicles in India

2020 ◽  
Vol 2674 (11) ◽  
pp. 563-572
Author(s):  
Parveen Kumar ◽  
Subrata Chakrabarty
Keyword(s):  
Electric Vehicles ◽  
Internal Combustion Engines ◽  
Business Models ◽  
Economic Viability ◽  
Transport Sector ◽  
Total Cost Of Ownership ◽  
Total Cost ◽  
Electric Cars ◽  
Cost Of Ownership ◽  
The Impact

The road transport sector in India is on the cusp of a transition to battery electric vehicles (BEVs) from internal combustion engines (ICEs). Government of India (GoI) has announced several policy measures to push the adoption of electric vehicles (EVs). However, EVs involve a high capital cost but lower operating costs. Therefore, the economics of EVs vis-à-vis ICE vehicles depends on the extent of their daily use. The daily use, in turn, can vary significantly from context to context. In this paper, a model to compare the total cost of ownership (TCO) of an EV with different fuel variants (petrol, diesel, and compressed natural gas [CNG]) of their ICE counterparts is presented. It is found that, on an average, the TCO per km of electric two-wheelers (e-2Ws) and electric three-wheelers (e-3Ws) is less than their ICE counterparts at the typical average daily usage of the vehicles in Indian cities. In the case of hatchback and sedan cars, the TCO per km of electric cars (e-cars) is higher than their ICE counterparts. The TCO per km of electric bus (e-bus) is higher than diesel and CNG buses because of high initial purchase cost. Policymakers need to explore innovative business models and strategy for high vehicle utilization to improve the economic viability of EVs. Efficient planning of charging infrastructure and fast charging options will further help in accelerating the adoption of EVs in India.

scholarly journals Vehicle to Grid Impacts on the Total Cost of Ownership for Electric Vehicle Drivers

2021 ◽  
Vol 12 (4) ◽  
pp. 236
Author(s):  
Dominik Huber ◽  
Quentin De Clerck ◽  
Cedric De Cauwer ◽  
Nikolaos Sapountzoglou ◽  
Thierry Coosemans ◽  
...  
Keyword(s):  
Electric Vehicles ◽  
Real Life ◽  
Total Cost Of Ownership ◽  
Total Cost ◽  
Vehicle To Grid ◽  
Life Data ◽  
Cost Of Ownership ◽  
Real Life Data ◽  
Revenue Streams ◽  
The Impact

Electric vehicles (EV) are foreseen as one major technology toward decarbonizing the mobility sector. At the same time, Vehicle to Grid (V2G) technology opens a new market for EV owners. This article identifies the impacts of providing V2G services on the Total Cost of Ownership (TCO) of EVs. Thus, we studied EVs in private, semi-public and public charging cases, considering two different V2G revenue streams. The included V2G services were: (i) local load balancing to balance the peaks and valleys of the electricity demands of buildings and (ii) an imbalance service to enhance grid stability. In this paper, the impact of these two V2G services is quantified and considered in the TCO calculations. To the authors’ knowledge, no comparable study incorporating the same V2G services exists in the literature. The TCO is calculated with real-life data for four different EVs currently available in the market. As a result, the V2G TCO ranges from €33.167 to €61.436 over an average of nine years for the Flanders region (Belgium).

scholarly journals A life-cycle cost analysis of resilient flooring materials in acute-care facilities

2018 ◽  
Vol 7 (5) ◽  
pp. 70
Author(s):  
Deborah Wingler
Keyword(s):  
Life Cycle ◽  
Acute Care ◽  
Time Data ◽  
Total Cost Of Ownership ◽  
Total Cost ◽  
Cost Of Ownership ◽  
Real Time Data ◽  
The Impact ◽  
Flooring Materials ◽  
Flooring Material

Objective: This study compares the impact of maintenance protocols on coated and non-coated resilient flooring materials over the building life of an acute-care facility. The purpose of this study is to provide healthcare administrators, facility managers and designers with evidence regarding the total cost of ownership of different resilient flooring materials.Methods: Utilizing a life-cycle costing analysis (LCCA), a two-phase economic evaluation was conducted using both industry and real-time data collected from four health systems across three distinct geographic regions in the U.S. to evaluate the impact of coated and non-coated resilient flooring materials over the usable life of an acute-care facility.Results: Findings from both the first and second phase LCCA suggest that maintenance protocols can have a substantive impact on the total cost of ownership for resilient flooring materials due to the increase in operations and maintenance costs associated with a coated maintenance protocol. The point in time at which the factory applied finish failed for a non-coated flooring material was also shown to greatly contribute to the total cost of ownership.Conclusions: The use of real-time data, coupled with a systematic evaluation provided contextual information that proved essential to understanding some of the intricacies involved in resilient flooring maintenance protocols that can greatly influence economic outcomes. This approach supports an evidence-based decision making process for healthcare executives and environmental services staff to not only effectively evaluate new resilient flooring material selections, but to also proactively evaluate current maintenance protocols for increased monetary savings.

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