Scenarios

About Scenarios

Scenarios are based on one or more assets or groups of assets that help evaluate the cost of ownership over defined accounting periods or planned asset life. An analysis can have one or many scenarios to cover all of the costs over the lifespan of an asset. On the LCC Overview page, scenario performance can be compared when an analysis has more than one scenario.

Scenarios are made up of an Operating Profile and a Cost Data grid.

For example, a construction company owns a fleet of trucks and would like to assess the cost of trucks over a lifespan. A scenario will include different trucks based on their life expectancy. Within the scenario, the company will keep track of maintenance, repairs, and fuel usage to determine the exact cost of the truck in that scenario.

About Operating Profiles

Multiple Operating Profiles can be used within a scenario, enabling you to establish different revenue rates for different periods within the analysis. Profiles within scenarios define the production operating rate for a prescribed operating condition by allowing production output values to be added to an analysis. The analysis will then have a value to analyze asset ownership costs.

For example, assume that you have been tasked with determining the lifecycle costs of an air compressor. Your compressor will operate at one operating profile during the summer months and a second operating profile during the winter months, due to the greater density of air in winter. The two profiles allow the performance between two different time spans with different production rates to be captured.

About LCC Elements

Life Cycle Cost Analysis uses two different types of elements: primary and secondary. Elements are organized in a two level hierarchy with the primary level as the top level. One or many secondary elements can be added below the primary element, and all element costs are distributed up to the primary element and shown under the scenario calculated costs.

Primary Elements

Primary elements are assets that apply directly to the scenario and can be supplemented with an infinite amount of secondary elements.

Secondary Elements

Secondary elements are used to add other assets or groups of assets from the hierarchy to scenarios that will contribute to the operating cost. Secondary elements are subcomponents that contribute to the costs of a primary element.

For example, Hydraulics would be secondary elements to a haul truck, contributing to the overall cost of the primary element.

About Asset Groups in LCC

When you create secondary elements in LCC, you can associate them with a single asset or a previously defined Asset Group. Multiple assets can be added and related by selecting an Asset Group.

For more information about the different Asset Group functions, refer to the Asset section of the documentation. Functions include, but are not limited to, creating and modifying an Asset Group.

Access a Scenario

Before You Begin

Procedure

  1. Access the Analysis containing the scenario that you want to access.
  2. In the left pane, select a scenario.
    The workspace for the selected scenario appears, displaying the Scenario Definition section.

Create a Scenario for an LCC Analysis

Procedure

  1. Access an LCC Analysis.
  2. In the left pane, select .
    The workspace for the new scenario appears, displaying the Scenario Definition section.

  3. In the Details subsection, enter values in the Scenario ID, Primary Element Name boxes.
  4. In the Link to Hierarchy box, select .
    The Asset Finder window appears.

  5. Navigate to and select an item in the hierarchy, and then select Done.
    Note: The asset that you choose to link from the hierarchy is used to determine the relevant costs to be imported to the elements in the Cost Data grid.
  6. In the Operating Profile subsection, complete the Measurement Unit, Value of Unit, Measurement Frequency, and Rate Capacity fields.
    Tip: Once the Measurement Unit is entered, it is saved in a drop down list for future use.
  7. In the Operating Profile subsection, in the grid, select .
    A new row appears in the grid.
  8. In the new row, enter values in the Profile Name, Operating %, From, and To boxes.
    Note: Profiles are used as the revenue model for the scenario; therefore, a warning message will appear if Profiles overlap or there is a gap where there is no associated profile. One or many Profiles can be created to cover the span of the analysis.
  9. In the new row, if you want the profile to repeat annually, then select the Repeat Annually check box.
  10. Select .
    The scenario is saved.

Create a Scenario for a Fleet Analysis

Procedure

  1. Access an LCC Analysis.
  2. In the left pane, select .
    The workspace for the new scenario appears, displaying the Scenario Definition section.

  3. In the Details subsection, enter values in the Scenario ID, Primary Element Name boxes.
  4. In the Link to Hierarchy box, select .
    The Asset Finder window appears.

  5. Navigate to and select an item in the hierarchy, and then select Done.
    Note: The asset that you choose to link from the hierarchy is used to determine the relevant costs to be imported to the elements in the Cost Data grid.
  6. In the grid, select select .
    A new row appears.
  7. Enter a Secondary Element Name.
  8. To associate the secondary element with either an Asset or an Asset Group, in the Asset Hierarchy ID cell, select .
    The Asset Finder window appears.

  9. Navigate to an Asset or Asset Group in the hierarchy, and then select the asset or asset group from the list.
    Note: The asset that you choose to link from the hierarchy is used to determine the relevant costs to be imported to the elements in the Cost Data grid.
  10. Select Done.
    The Asset Hierarchy ID field is populated with a link, and the Quantity field is populated with a value of 1 automatically.
    Note: The hyperlink for an Asset or Asset Group displays the asset or asset group's datasheet in the record explorer. The Quantity can be manually modified by entering a new number in the field. Every cost, entered or imported, is multiplied by the Quantity in the element's cost summary row.
  11. In the Operating Profile subsection, complete the Measurement Unit, Value of Unit, Measurement Frequency, and Rate Capacity fields.
    Tip: Once the Measurement Unit is entered, it is saved in a drop down list for future use.
  12. Select the row of the secondary element for which you want to enter the operating rate.
    Note: The Operating Rate For subsection is enabled once a secondary element is selected.
  13. In the Operating Profile subsection, in the grid, select .
    A new row appears.
  14. In the new row, enter values in the Profile Name, Operating %, From, and To boxes.
    Note: Profiles are used as the revenue model for the scenario; therefore, a warning message will appear if Profiles overlap or there is a gap where there is no associated profile. One or many Profiles can be created to cover the span of the analysis.
  15. In the new row, if you want the profile to repeat annually, then select the Repeat Annually check box.
  16. Select .
    The scenario is saved.

Create a Profile

Procedure

  1. Access the Scenario for which you want to create a profile.
  2. In the Operating Profile subsection of the Scenario Definition section, select .
    A new row appears in the grid.
  3. In the new row, enter values in the Profile Name, Operating %, From, and To boxes.
    Note: Profiles are used as the revenue model for the scenario; therefore, a warning message will appear if Profiles overlap or there is a gap where there is no associated profile. One or many Profiles can be created to cover the span of the analysis.
  4. In the new row, if you want the profile to repeat annually, then select the Repeat Annually check box.
  5. Select .
    The profile is created.

Create a Secondary Element

Procedure

  1. Access the Scenario to which you want to create a secondary element.
  2. In the Details subsection, in the upper-left corner of the grid, select .
    A new row appears in the grid.

  3. Enter a Secondary Element Name.
  4. To associate the secondary element with either an Asset or an Asset Group, in the Asset Hierarchy ID cell, select .
    The Asset Finder window appears.

Delete a Secondary Element

Procedure

  1. Access the Scenario from which you want to delete a secondary element.
  2. In the row for the secondary element that you want to delete, select the check box, and then select .
    A confirmation message appears.
  3. Select OK.
    The selected secondary element and all links to assets or groups created when the element was added are deleted.

Import Scenario Elements Into an Analysis

About This Task

You can use the import feature within the Scenario Definition section to create a new, comprehensive analysis by adding primary and secondary elements from previously created analyses. These will appear as secondary elements in the target scenario.

Procedure

  1. Access the scenario into which you want to import a previously created scenario's elements.
  2. In the Details subsection, select .
    The Import Secondary Elements window appears, displaying a list of scenarios. The list is comprised of scenarios with the same site, start date, period type, and number of periods as the target analysis.

  3. Select the scenario that contains elements you want to import into the analysis, and then select Import.
    The primary and secondary elements from the selected scenario appear in the Details subsection. In addition, all associated capital and operating costs for the imported elements are imported.

Copy a Scenario Within an Analysis

Procedure

  1. Access a Scenario.
  2. In the left pane, select .
    A confirmation message appears.
  3. Select Yes.
    The workspace for the copied scenario appears, displaying all the copied information from the original scenario. The scenario is saved, with its name based on the following format: <Name of the original scenario> Copy

    If you want to change the name of the scenario, you can enter the new name in the Scenario ID field, and then select .

Delete a Profile

Procedure

  1. Access the Scenario containing the profile that you want to delete.
  2. In the Profile section grid, select the check box beside the profile that you want to delete.
  3. Select .
    A confirmation message appears.
  4. Select Yes.
    The profile is deleted and its associated revenues are removed from the cost data grid.

Delete a Scenario

Procedure

  1. Access the LCC Analysis containing the scenario that you want to delete.
  2. In the left pane, select the scenario that you want to delete, and then select .
    A confirmation message appears.
  3. Select Yes.
    The scenario is deleted.