RAM RAM Life Cycle Cost & Economics

Question 1

What does Life Cycle Cost (LCC) analysis encompass in RAM programs?

Accepted Answer

All costs from concept through disposal including acquisition, operation, support, and disposal

Answer

Only initial acquisition and procurement costs

Answer

Only maintenance and repair costs over a system's life

Answer

Only the costs incurred after system deployment

Question 2

Which LCC cost category covers the initial purchase, installation, and integration of a system?

Accepted Answer

Acquisition costs

Answer

Operations and Support (O&S)

Answer

Disposal costs

Answer

Indirect overhead costs

Question 3

What is the primary goal of RAM-driven LCC optimization?

Accepted Answer

Balance reliability investment against reduced failure and support costs to minimize total LCC

Answer

Minimize the initial purchase price regardless of long-term costs

Answer

Maximize system performance without regard to cost

Answer

Eliminate all preventive maintenance to reduce expenditures

Question 4

In LCC analysis, what are Operations and Support (O&S) costs?

Accepted Answer

Costs for fuel, labor, maintenance, spare parts, and sustaining support during operation

Answer

Costs to design and develop the system

Answer

Costs to safely decommission and dispose of the system

Answer

Costs to market and sell the system

Question 5

Which RAM parameter most directly drives operations and support costs in an LCC model?

Accepted Answer

Mean Time Between Failures (MTBF)

Answer

System weight

Answer

Color coding of components

Answer

Number of operators assigned

Question 6

How does improving Mean Time To Repair (MTTR) affect a system's LCC?

Accepted Answer

It reduces downtime and labor costs, lowering O&S costs and improving LCC

Answer

It increases acquisition costs with no LCC benefit

Answer

It has no effect on LCC since repair is unavoidable

Answer

It only affects safety metrics, not economics