Vol. 21 No. 3 (2022), Articles

Vol. 21 No. 3 (2022)

LIFE CYCLE COST ANALYSIS FOR SYSTEMS EQUIPPED WITH A HEAT PUMP

Articles

https://doi.org/10.71235/rmee.72

Published 2022-09-30

Alexandra BAN⁺⁻
Constantin BUNGĂU⁺⁻

Alexandra BAN

Faculty of Management and Technological Engineering, University of Oradea, Str. Universităţii nr. 1, Romania

Constantin BUNGĂU

Faculty of Management and Technological Engineering, University of Oradea, Str. Universităţii nr. 1, Romania

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Keywords

building
life cycle cost analysis
heat pump
economic efficiency
financial analysis

How to Cite

BAN, A., & BUNGĂU, C. (2022). LIFE CYCLE COST ANALYSIS FOR SYSTEMS EQUIPPED WITH A HEAT PUMP . Review of Management and Economic Engineering, 21(3), 268–276. https://doi.org/10.71235/rmee.72

Abstract

Selecting a suitable heating and cooling system for a building is critical, because it impacts its life cycle cost. The aim of the article is to obtain an answer on the optimal solution in terms of economic efficiency of heat pump heating and cooling systems, since the initial investment in these systems is higher, but the subsequent costs during the period of use are reduced. Cost savings in the operation of heat pump heating and cooling systems is directly related to lowering energy consumption and reducing greenhouse gas emissions. In this study the economic analysis was carried out using life cycle cost method. Economic parameters used in the study include 3.75% discount rate, 1% escalation price rate, 20 years lifespan and 0,2369 €/kWh electricity price.

https://doi.org/10.71235/rmee.72

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Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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