Mon, Feb 28, 2005
Version 4.80 Still Based On MS Excel
Conklin & de Decker has just
released the latest version of its Life Cycle Cost software. The
Microsoft Excel based software accounts for the various aspects of
owning and operating an aircraft – acquisition cost,
operating costs, taxes, the final aircraft residual value and
revenues if it is in commercial operations. It also analyzes
different methods of acquisition (lease, purchase, shared &
fractional ownership), different ways to operate (corporate,
commercial and managed). Users can select from eight different
tax-depreciation schedules, including the latest bonus depreciation
and a user-defined schedule.
The Conklin & de Decker Life Cycle Cost software provides
information about the effects of differing assumptions regarding
aircraft ownership and operation. Based upon user selections such
as the type of aircraft, form of ownership, and method of
acquisition, the spreadsheet populates with preloaded operating
costs as researched by Conklin & de Decker. The preloaded data
alone saves the user many hours of research. The user then enters
details for the specific aircraft model, sets the program length
and annual utilization, and then can edit any of the pre-loaded
costs. It shows a summarized list of the costs, and any revenues,
pre and after-tax cost, and will calculate the “Net Present
Value” which accounts for the time-value of capital.
The major change to Version 4.80 the software is that an
input/edit table to review and edit the maintenance data was added.
This allows easier changing and updating of maintenance inspections
and overhauls. To accompany that change, new report pages:
“Maintenance Budget for Inspections and Overhauls” and
“Maintenance Budget for Life Limited Parts and Engines”
were added. These show when and what maintenance expenses are
occurring. The updated software also allows the user more
flexibility when adding property taxes to the equation. This tool
is powerful in its application, but easy to use for anyone who has
a passing acquaintance with spreadsheets.
Running Life Cycle Cost requires a
Windows PC or Mac with Microsoft Excel 97 or later. There are
databases for Jets, Turboprops, Helicopters and the major US-based
Fractional Ownership programs. Prices for the software (delivered
in the US/Canada) are $695 for the jets database, $450 for the
turboprop or helicopter database. The Fractional database is free
with the purchase of any other Life Cycle Cost database. A Single
Aircraft version is also available. Users can specify from one to
five aircraft and pay for only those aircraft that they need
– pricing is $200 for the first aircraft plus $100 for each
additional aircraft up to five.
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