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Learning by costing

Author

Listed:
  • Anni Lindholm
  • Petri Suomala

Abstract

Purpose - The purpose of this paper is to discuss life cycle cost management and highlight the practical challenges related to collecting adequate data and practicing long‐term cost management in an uncertain environment. Design/methodology/approach - The paper reports a case study conducted in the Finnish Defence Forces. As part of the case study, a life cycle cost model for a case product was developed. Findings - Activity‐based life cycle cost modeling can provide relevant information for varying product management needs at different stages in the life of a product. Quantification of uncertainty is one of the elements in the modeling that can improve the feasibility of LCC both for cost estimation and tracking purposes. Originality/value - Only a few empirical studies on life cycle costing have been reported which focus on the defence sector. The paper contributes to our understanding of how LCC can be used in a continuous manner and depicts how LCC can produce a sharpened cost image of a particular product.

Suggested Citation

  • Anni Lindholm & Petri Suomala, 2007. "Learning by costing," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 56(8), pages 651-672, November.
    • Handle: RePEc:eme:ijppmp:v:56:y:2007:i:8:p:651-672
    DOI: 10.1108/17410400710832985
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    Citations

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    Cited by:

    1. Benedetta Nucci & Fabio Iraldo & Maria Rosa De Giacomo, 2016. "The relevance of Life Cycle Costing in Green Public Procurement," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2016(1), pages 91-109.
    2. Julian Gaus & Sven Wehking & Andreas H. Glas & Michael Eßig, 2022. "Economic Sustainability by Using Life Cycle Cost Information in the Buying Center: Insights from the Public Sector," Sustainability, MDPI, vol. 14(3), pages 1-28, February.
    3. Settanni, Ettore & Newnes, Linda B. & Thenent, Nils E. & Parry, Glenn & Goh, Yee Mey, 2014. "A through-life costing methodology for use in product–service-systems," International Journal of Production Economics, Elsevier, vol. 153(C), pages 161-177.

    More about this item

    Keywords

    Learning; Life cycle costs;

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