REVISTA DYNA MANAGEMENT

Key words:

energy efficiency, historic districts, 3D cities, building typology, categorization tool, Costes del Ciclo de Vida, Fiabilidad, Industria 4.0, Gestión de Activos.

Article type:

ARTICULO DE INVESTIGACION / RESEARCH ARTICLE

Section:

RESEARCH ARTICLES

ABSTRACT:
Life Cycle Cost Analysis (LCCA) is a methodology developed to evaluate the variation in the costs of assets during their useful life. This paper explores aspects related to the impact of reliability on total life cycle costs and describes the basic model of constant failure rate (Woodward’s model). This model includes within its evaluation process, the estimation of the consequences (low-reliability costs) that could be caused by the various failure events of an asset within a production system. The research considers the presentation of a case study for the application of the Woodward’s model in the selection and replacement of a compression system in an oil and gas industry company, which allows contrasting the performance of a traditional system versus a system based on technology and tools of industry 4.0, analyzing in a real case the strengths, limitations, realities, and myths of the application of this type of technology in the case under study. As a final point, this work concludes by presenting some recommendations aimed at consolidating the LCCA methodology within a process of Asset Management.

Key Words: Life Cycle Costs, Reliability, Industry 4.0, Asset Management.