IMPLEMENTING LIFE CYCLE COSTING FOR HIGHER EDUCATION MATERIALS

Life Cycle Cost Analysis provides a form of synopsis of the initial and consequential costs of building related decisions. These cost figures may be implemented to justify higher investments, for examples, in the quality or flexibility of building solutions through a long-term cost reduction. The emerging discipline of asset management is a promising approach to this problem, because it can do things that techniques such as balanced scorecards and total quality cannot. Decisions must be made about operating and maintaining infrastructure assets. A misguided perception of life cycle costing is that the longer something lasts, the less it costs over time. The purposes of this research is to identified and examine the Life Cycle Cost Analysis on materials including ceramic, homogeneous, vinyl and carpet for the Faculty of Geoinformation Science and Engineering. A life cycle cost analysis will be used as an economic evaluation tool and collaborate with Correlation Analysis and Regression Analysis in this research. Life cycle cost analysis quantifies incurring costs commonly overlooked (by property and asset managers and designers) as replacement and maintenance costs. By implementing the life cycle cost analysis, the true cost of each material will be computed projecting 60 years as the building service life and 5.4% as the inflation rate percentage to classify and appreciate the different among the materials. The analysis results showed the high impact in selecting the materials according to the potential of service life cycle cost next for higher educations.