Optimised decision making techniques

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From Optimised Decision Making Techniques.

a) Discuss how Life Cycle Costing Analysis (LCAA) relates to Optimised Decision Making (ODM).

b) Comment on the reasons for undertaking a Benefit Cost Analysis (BCA) and the key elements of a BCA.

c) Discuss why it is important to focus on the service provided by the asset.

d) Comment on non-asset treatment solutions that may be available when assessing service.

e) Explain the benefits of using a Multi Criteria Analysis approach and comment on the reasons for undertaking a sensitivity analysis

Reference no: EM132416298

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