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dc.contributor.authorBreymann, Wolfgang-
dc.contributor.authorDingerkus, Stefan-
dc.contributor.authorHeitz, Christoph-
dc.date.accessioned2018-04-03T13:16:23Z-
dc.date.available2018-04-03T13:16:23Z-
dc.date.issued2013-
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/4611-
dc.description.abstractIn lifecycle management of technical systems typically different criteria are applied for valuating and optimizing financial and technical command variables. There is a divide between upper management and maintenance management which results in suboptimal decisions and inefficient use of operational resources. Overcoming these limitations will raise lifecycle management to a qualitatively new level. Our aim is to bridge this divide by means of an integrated valuation method that takes into account the costs and benefits of the whole life cycle of a technical system and is accepted by both the upper management and the maintenance management. The UFA methodology extended for non-financial companies provides a suitable framework for this endeavour. Initially, the UFA framework was developed for the banking sector. The central part of the non-financial extension consists of a company meta model specifying the main steps of production (investment, running production, and sales of goods) and linking them to the balance sheet and P&L reporting. Maintenance costs and benefits can be included following this line. From a conceptual point of view, this approach is different from the real option approach proposed in ref., where a production unit (a plant) is described as an option that gives the owner the right but not the obligation to produce certain goods by operating the plant. Two case studies are presented in the light of the extended UFA methodology. The first study deals with the valuation of a service level agreement based on lifetime probabilities while the second one presents an optimized replacement strategy for middle-voltage to low-voltage transformer stations with a cost reduction of up to 70%.de_CH
dc.language.isoende_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectFinancial modelingde_CH
dc.subjectLife cycle managementde_CH
dc.subject.ddc332: Finanzwirtschaftde_CH
dc.titleLife cycle management of technical systems and integral financial modelingde_CH
dc.typeKonferenz: Sonstigesde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Engineeringde_CH
zhaw.organisationalunitInstitut für Datenanalyse und Prozessdesign (IDP)de_CH
zhaw.organisationalunitInstitut für Nachhaltige Entwicklung (INE)de_CH
zhaw.conference.detailsWorld Trends in Maintenance Engineering, Pretoria, South Africa 13-15 August 2013de_CH
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.publication.reviewNot specifiedde_CH
Appears in collections:Publikationen School of Engineering

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Breymann, W., Dingerkus, S., & Heitz, C. (2013). Life cycle management of technical systems and integral financial modeling. World Trends in Maintenance Engineering, Pretoria, South Africa 13-15 August 2013.
Breymann, W., Dingerkus, S. and Heitz, C. (2013) ‘Life cycle management of technical systems and integral financial modeling’, in World Trends in Maintenance Engineering, Pretoria, South Africa 13-15 August 2013.
W. Breymann, S. Dingerkus, and C. Heitz, “Life cycle management of technical systems and integral financial modeling,” in World Trends in Maintenance Engineering, Pretoria, South Africa 13-15 August 2013, 2013.
BREYMANN, Wolfgang, Stefan DINGERKUS und Christoph HEITZ, 2013. Life cycle management of technical systems and integral financial modeling. In: World Trends in Maintenance Engineering, Pretoria, South Africa 13-15 August 2013. Conference presentation. 2013
Breymann, Wolfgang, Stefan Dingerkus, and Christoph Heitz. 2013. “Life Cycle Management of Technical Systems and Integral Financial Modeling.” Conference presentation. In World Trends in Maintenance Engineering, Pretoria, South Africa 13-15 August 2013.
Breymann, Wolfgang, et al. “Life Cycle Management of Technical Systems and Integral Financial Modeling.” World Trends in Maintenance Engineering, Pretoria, South Africa 13-15 August 2013, 2013.


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