I was away for long. Final semester kept me busy. Yet, worth
it! The research project titled; “Life Cycle Costing for Building” was
completed successfully. I have to prepare final conference paper and left with
presentation for the external examiners which are due after exams.
Exams are going
on. Last paper is due on 14, Saturday – Hydraulic Structures and Water
Power Engineering.
If I have to swear, I should swear that I won’t be doing
research on Bhutanese construction industry again. Nothing is maintained in the
industry. Not even a single data is available. Anyways the research was worth accomplished.
Better I don’t complain!
I want to share abstract of my research project.
Significant knowledge
gaps exist in the knowledge of Life Cycle Costing and the alternatives
selection of building materials in the construction industry. In order to fulfill
the gaps a questionnaire survey was developed for 319 respondents in using the Life
Cycle Costing for the Bhutanese construction industry. Life Cycle Cost Analysis
of selected components of the selected building was done taking into account relevant
economic factors: initial costs, maintenance and operational costs. The maintenance
and operation costs are generally ignored in building industry especially in
design stage. For this research, the method of LCC, present worth cost approach
was evaluated with projection of building service life as 60 years, inflation
rate as 9.07% and discount rate as 0%.
About 52% of the
respondents do not have idea about LCC when making investment decisions nor do
they not take maintenance, operation and replacement cost into consideration.
The lack of significant input-cost data and lack of experience appears to be
the most important problem supported by 78% responded lack of experience and
62% responded lack of significant input-cost data.
The LCC analysis showed
that ceramic tiles, pre-painted CGI sheet and LED lamp has the lowest life
cycle cost among the many material alternatives available in the market, that
is, 16% for LED lamp, 13% for ceramic tiles and 64% for pre-painted CGI sheet.
 |
| Life Cycle Costing comparison |
I would love to share the document for educational purpose
if anyone wishes to go through.
Good luck with those final papers and exams Sangay ;-)
ReplyDeleteOh yeah, good luck with your exams and that Saturday paper! I remember my own final papers at the end of the year would be so involved by the time I posted them that when I reread them later, I didn't even understand them - my field was Philosophy, LOL. This Engineering stuff is just a tiny bit over my head, LOL!
ReplyDeleteAll the best for your final project. Make the presentation in a wonderful way which impress others.
ReplyDeletegood luck sangy for your career prospect, if you want to learn more about construction and concrete technology visit my blog.
ReplyDelete