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1 – 10 of over 71000Defines life cycle costing, which gives rise to Life Cycle Cost(LCC). Defines LCC as “The total cost of the system or productunder study over its complete life cycle or the…
Abstract
Defines life cycle costing, which gives rise to Life Cycle Cost (LCC). Defines LCC as “The total cost of the system or product under study over its complete life cycle or the duration of the period of study, whichever is the shorter”. Stresses that LCC can be used at whatever level is chosen (estate or, say, a boiler). Explains the timing and mechanism of measurement. Argues that the application of LCC at an early design stage will greatly enhance system design and operation. Offers other pertinent definitions.
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The essential investments in new product development (NPD) made by industrial companies entail effective management of NPD activities. In this context, performance measurement is…
Abstract
The essential investments in new product development (NPD) made by industrial companies entail effective management of NPD activities. In this context, performance measurement is one of the means that can be employed in the pursuit of effectiveness.
Ravinder Singh, C.P. Gupta and Pankaj Chaudhary
The purpose of this paper is to investigate the relationship between dividend policy and the life cycle of firms in India. In addition, this study intends to examine the variation…
Abstract
Purpose
The purpose of this paper is to investigate the relationship between dividend policy and the life cycle of firms in India. In addition, this study intends to examine the variation in dividend behaviour over the life cycle of a firm. The study anticipates that a firm's dividend behaviour varies over its life cycle.
Design/methodology/approach
To scrutinize the validity of the proposition, the authors classify 1968 non-financial industrial firms listed at Bombay Stock Exchange (BSE) into growth, mature and stagnant firms over the period 2000–20. Additionally, to check the robustness of the results, they use an array of techniques such as analysis of variance, pooled ordinary least squares, fixed effects models and random effects models.
Findings
The empirical findings suggest that dividend behaviour varies over a firm's life cycle. Specifically, stagnant firms are paying significantly higher dividends than growth firms. Mature firms are paying significantly higher dividends than growth firms. The results are consistent after controlling the effects of firm's size, profitability, leverage, operating risk, systematic risk and growth opportunities.
Research limitations/implications
The findings are useful for corporate decision makers in establishing an appropriate dividend policy conditional on firms' life cycle stage and for shareholders in making investment decisions.
Originality/value
The relation between dividend policy and firm life cycle has not been examined before in the context of Indian stock market. Thus, this research bridges this gap in the literature.
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Cagla Keles and Fatih Yazicioglu
The purpose of this paper is to identify the sustainability conditions of primary schools in Turkey within the scope of the life cycle assessment (LCA). It is aimed to develop…
Abstract
Purpose
The purpose of this paper is to identify the sustainability conditions of primary schools in Turkey within the scope of the life cycle assessment (LCA). It is aimed to develop optimum alternatives to reduce the environmental impact of primary schools and reach environmental sustainability targets of the sustainable development goals in Turkey.
Design/methodology/approach
From the construction project of 103 buildings located in Istanbul, 10 case buildings with various typical plans were chosen for analysis. The results regarding their life cycle energy and carbon emission for material production, operation and maintenance stages were calculated for a lifespan of 50 years. Results were evaluated and compared within the scope of environmental sustainability. Optimum alternatives for improving the environmental sustainability and performances of selected case buildings’ facades were developed, and the life cycle energy and carbon emission for proposed conditions were calculated. The obtained results were evaluated for current and proposed conditions.
Findings
Results showed that reinforced concrete material contributes the most to the life cycle-embodied energy and CO2 emission of buildings. Cooling load increases the life cycle operational energy (LCOE) and CO2 emission of buildings. Using high-performance glazing significantly reduces LCOE and CO2 emission. Recycled and fiber-based materials have significant potential for reducing life cycle-embodied energy and CO2 emission.
Originality/value
This study has been developed in response to achieving sustainable development targets on public buildings in Turkey. In this regard, external walls of primary schools were analyzed within the scope of LCA and recommendations were made to contribute to the policies and regulations requested by the Government of Turkey. This study proves that alternative and novel materials have great potential for achieving sustainable public buildings. The study answers to questions about reducing the environmental impact of primary school buildings by using LCA approach with a holistic point of view.
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Martina Bauer and Katharina J. Auer‐Srnka
This research seeks to provide a historical review of the life cycle concept in marketing. The paper aims to show the development of traditional life cycle models and links to the…
Abstract
Purpose
This research seeks to provide a historical review of the life cycle concept in marketing. The paper aims to show the development of traditional life cycle models and links to the life course perspective.
Design/methodology/approach
The authors relate to life events and transitions in consumers' life trajectories, life status, role transitions, and role identities as determinants of consumer behavior. The paper reveals future research potential in the field. Essentially, the authors demonstrate the need for life cycle models grounded on empirical data and discuss related methodological issues.
Findings
This paper provides a temporal systematization of theoretical and empirical life cycle research. The major outcome is an outline of conceptual and methodological research directions that enable researchers to follow the life course perspective and to derive empirically grounded life cycle models.
Research limitations/implications
Providing chronological literature compilations and an evolutionary review of life cycle research, the authors identify future research directions. To encourage empirical development of the concept, the article also refers to the related methodological literature.
Practical implications
Both marketing thought and practitioners benefit from the insights presented. Marketing managers may better address consumers' changing needs over their lifetime, strengthen customer loyalty and reduce brand switching, thereby enhancing customer lifetime value.
Originality/value
This paper adds to the study of the consumer life cycle by providing a comprehensive anthology of life cycle research from 1910 to 2010. It shows major research streams and reveals future research potential in marketing.
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This article surveys the literature dealing with theory and applications of life cycle costing (LCC). It deals with the literature published in the last 25 years and provides 667…
Abstract
This article surveys the literature dealing with theory and applications of life cycle costing (LCC). It deals with the literature published in the last 25 years and provides 667 references.
A life‐cycle audit is a multifaceted tool which helps facilities managers achieve a variety of goals. A life‐cycle audit produces a comprehensive, detailed summary of immediate…
Abstract
A life‐cycle audit is a multifaceted tool which helps facilities managers achieve a variety of goals. A life‐cycle audit produces a comprehensive, detailed summary of immediate facilities needs. It also helps facilities managers forecast their needs 20 years into the future, and it helps them make a much more persuasive case for facilities reinvestment. As such, it is a compelling, cost‐effective alternative to traditional facilities inspections.
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ALI JAAFARI and KITSANA MANIVONG
The focus of this paper is on life‐cycle objective‐based project management systems in general, and SPMIS in particular. SPMIS (short for Smart Project Management Information…
Abstract
The focus of this paper is on life‐cycle objective‐based project management systems in general, and SPMIS in particular. SPMIS (short for Smart Project Management Information System), has been designed: (a) to facilitate the employment of life‐cycle objective‐based project management approaches; and (b) to support concurrent engineering and construction, thus promoting greater integration of the processes under which projects are proposed and implemented. In order to validate the functions designed for SPMIS the authors undertook a detailed case study of a large capital project. The actual project management functions employed by the project team on the case project were researched and charted using the best current PM practices as the guide. While this field research shed light on the actual needs and requirements, the design of the SPMIS functions was approached from first principles in order to incorporate the basic shift from the traditional objectives of cost, time, and quality to life‐cycle objective functions, such as return on investment, facility operability, and life‐cycle integration. This paper describes the fundamental philosophy and framework for the development of life‐cycle objective function‐based project management systems in general, and contrasts these with the existing PM methods.
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This paper aims to illustrate the value of the outsourcing life cycle, as described in several industry models, including ISO 37500.
Abstract
Purpose
This paper aims to illustrate the value of the outsourcing life cycle, as described in several industry models, including ISO 37500.
Design/methodology/approach
The authors present a comparison of outsourcing life cycles to provide an overview of current practices in the global outsourcing industry.
Findings
Several outsourcing life cycles have been defined by industry associations such as the International Association of Outsourcing Professionals (IAOP) and the National Outsourcing Association (NOA). Academic research has created several outsourcing life cycles, notably the model from the London School of Economics (Cullen and Willcocks, 2005). Finally, commercial models have been defined, for example the Vendor and Sourcing Management model from IDC (2014).
Research limitations/implications
Researchers will find the overview of different life cycles useful in assessing maturity of outsourcing organizations.
Practical implications
Practitioners will find the detailed description of ISO 37500 and the comparative life cycles to be illustrative of different approaches to managing outsourcing transactions. Both buyers and providers will be able to compare their own life cycle to industry standards.
Originality/value
Little or no research has been conducted on how outsourcing life cycles contribute to effective outsourcing. This paper provides a foundation for such research.
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