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  • ASTM
    E2453-13 Standard Practice for Determining the Life-Cycle Cost of Ownership of Personal Property
    Edition: 2013
    $91.10
    Unlimited Users per year

Description of ASTM-E2453 2013

ASTM E2453 - 13

Standard Practice for Determining the Life-Cycle Cost of Ownership of Personal Property

Active Standard ASTM E2453 | Developed by Subcommittee: E53.03

Book of Standards Volume: 04.12




ASTM E2453

Significance and Use

5.1 For agencies and institutions, measuring and managing the LCC of ownership of property may directly result in improved accountability, in the form of cost savings, increased asset utilization, extended asset life, and increased mission effectiveness.

5.2 For companies, measuring and managing the LCC of ownership of property may directly result in cost savings, increased asset utilization, and, therefore, improved profit margins.

5.3 Including LCC in the three stages is consistent with Practice E2279 under the reporting principle.

1. Scope

1.1 This practice covers the establishment of a process consensus model for determining the life-cycle cost (LCC) of personal property assets owned or used by an entity.

1.1.1 For businesses, these personal property assets are required to achieve financial returns from producing and selling goods or services, or both.

1.1.2 For institutions and agencies, these personal property assets are required to accomplish their primary mission.

1.2 Real and personal property assets may include capital (fixed) assets and movable, durable assets including: customer-supplied assets, rental/leased assets, contract/project direct-purchased assets, or expense items.

1.3 Asset service lives can be divided into three distinct stages, each with several separate yet interrelated substages: acquisition, utilization, and disposition. These primary stages are not intended to be all encompassing, but are offered as the basis for establishing LCC.

1.4 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and to determine the applicability of regulatory limitations prior to use.


2. Referenced Documents (purchase separately) The documents listed below are referenced within the subject standard but are not provided as part of the standard.

ASTM Standards

E2135 Terminology for Property and Asset Management

E2219 Practice for Valuation and Management of Moveable, Durable Property


Keywords

acquisitions; budgetary activities; disposal; life-cycle costs; personal property; planning activities; property; utilization;


ICS Code

ICS Number Code 03.100.10 (Purchasing. Procurement. Logistics)


DOI: 10.1520/E2453

ASTM International is a member of CrossRef.

ASTM E2453

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About ASTM

ASTM International, formerly known as the American Society for Testing and Materials (ASTM), is a globally recognized leader in the development and delivery of international voluntary consensus standards. Today, some 12,000 ASTM standards are used around the world to improve product quality, enhance safety, facilitate market access and trade, and build consumer confidence. ASTM’s leadership in international standards development is driven by the contributions of its members: more than 30,000 of the world’s top technical experts and business professionals representing 150 countries. Working in an open and transparent process and using ASTM’s advanced electronic infrastructure, ASTM members deliver the test methods, specifications, guides, and practices that support industries and governments worldwide.
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