A Literature Review of Life Cycle Costing of Dam Asset Management

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Abstract

The increasing demand for water from various sectors such as industry, domestic, agriculture has led to an increase in the need for investment to develop water resources infrastructure, particularly dams. The dam is one of the infrastructures that have a long service life. It requires proper management to maximize its use which is also comparable to the costs incurred. The Life Cycle Cost (LCC) method is one method that can be used to estimate the cost during the operation of the dam. It considers the financial costs at different life cycle stages, including capital costs, costs of operational, maintenance costs, replacement and rehabilitation costs, demolition, and residual costs. Life Cycle Costing is an inseparable part of decisions about financially expensive investments. LCC works by calculating the life cycle length, future costs, discount rate, and inflation. This study aims to define the integration of the life cycle costs and the management of dam assets. The author used a literature review method from 28 compatible literature. By applying LCC to the dam, the cost of each stage of the dam’s service life can be determined to obtain economic financing.

Original languageEnglish
Title of host publicationProceedings of the Second International Conference of Construction, Infrastructure, and Materials - ICCIM 2021
EditorsHan Ay Lie, Monty Sutrisna, Joewono Prasetijo, Bonaventura H.W. Hadikusumo, Leksmono Suryo Putranto
PublisherSpringer Science and Business Media Deutschland GmbH
Pages533-542
Number of pages10
ISBN (Print)9789811679483
DOIs
Publication statusPublished - 1 Feb 2022
Event2nd International Conference of Construction, Infrastructure, and Materials, ICCIM 2021 - Jakarta, Indonesia
Duration: 26 Jul 202126 Jul 2021

Publication series

NameLecture Notes in Civil Engineering
Volume216
ISSN (Print)2366-2557
ISSN (Electronic)2366-2565

Conference

Conference2nd International Conference of Construction, Infrastructure, and Materials, ICCIM 2021
Country/TerritoryIndonesia
CityJakarta
Period26/07/2126/07/21

Keywords

  • Asset management
  • Dam
  • Life cycle cost

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