EVALUATION TECHNIQUE FOR DETERMINING THE COST EFFECTIVENESS OF CONDITION MONITORING SYSTEMS

The technique uses historical data combined with catalog cost estimating to estimate both the life cycle cost of the condition monitoring system and the potential cost savings offered by the system for commercial engines. The results are obtained in a form that can be easily converted to any of the primary cost-effectiveness parameters in current use by industry. Key to the technique is the definition of a series of condition monitoring system concepts of increasing complexity for analysis, with each increase representing a logical step with respect to cost-effectiveness. This feature permits the results of the cost-effectiveness analysis to be applied directly to the design definition process without iteration or further cost analysis.

• Supplemental Notes:
  • Prepared for ASME Meeting, April 9-13, 1978.
• Corporate Authors:

  American Society of Mechanical Engineers

  Two Park Avenue
  New York, NY  United States  10016-5990
• Authors:
  • George, P T
  • Parker, A T
• Publication Date: 1978

Media Info

• Pagination: 8 p.

Subject/Index Terms

• TRT Terms: Aircraft; Civil aircraft; Cost accounting; Cost effectiveness; Costs; Electronic equipment; Engines; Life cycle costing; Monitoring
• Uncontrolled Terms: Aircraft engines
• Subject Areas: Aviation; Finance; Vehicles and Equipment;

Filing Info

• Accession Number: 00176645
• Record Type: Publication
• Source Agency: Engineering Index
• Report/Paper Numbers: ASME 78-GT-166 Preprint
• Files: TRIS
• Created Date: Jun 28 1978 12:00AM