How to prove the statement of “life cycle cost of circuit breaker has a positive impact on engineering asset management”.
First: Conduct a literature review on the above theme involving life cycle analysis and/or system engineering processes providing at least 10 journal articles or conference papers that address this theme. You need to have about 1000 words for the literature review. Select 10 articles from the attached folder.
Second: Select one journal article or conference paper from your literature review and establish an annotated bibliography from this article (example attached). You need to have about 300 words for the annotated bibliography on the selected article.
Third: Take one asset life cycle aspect discussed in the reviewed article and evaluate its relation or impact on the life cycle cost associated with an asset, provide a recommendation on how to address its cost drivers in the life-cycle analysis for a practical application in managing assets. You need to have about 300 words for this discussion.