The amortized annual cost of a product, including capital costs, installation costs, operating costs, maintenance costs and disposal costs discounted over the lifetime of the product
Life-Cycle Cost includes ALL WBS elements; ALL affected appropriations; and encompasses the costs, both contractor and in house effort, as well as existing assets to be used, for all cost categories It is the TOTAL cost to the Government for a program over its full life, and includes the cost of research and development, investment in mission and support equipment (hardware and software), initial inventories, training, data, facilities, etc , and the operating, support, and, where applicable, demilitarization, detoxification, or long term waste storage Reference: DoD 5000 4-M
LCC is made up from the costs reflecting not only the acquisition and development costs but also the operational and support costs throughout the life of the system/equipment It is not possible to give an accurate mathematical definition as these vary between life cycle models However, agreement of the definition of a particular model to be used in calculating LCC should be agreed by all parties before accepting the results
A method of analyzing the cost of a piece of equipment over its entire life, including development costs, production costs, warranty costs, repair costs, and disposal costs Relex Life Cycle Cost (LCC) enables users to perform cost analyses, using a Cost Breakdown Structure (CBS) tree, factoring in alternatives, time intervals, and other variables
The analysis of cost issues over the entire life cycle of a given product, rather than a specific fiscal period It includes factors based on product life cycle stage (introduction, growth, maturity, decline) and all research and development, design, marketing, production and logistics costs A cross-functional approach used in investment and facility decisions
(Ticaret) The analysis of cost issues over the entire life cycle of a given product, rather than a specific fiscal period. It includes factors based on product life cycle stage (introduction, growth, maturity, decline) and all research and development, design, marketing, production and logistics costs. A cross-functional approach used in investment and facility decisions
A method of analysing the cost of a piece of equipment over its entire life, including development costs, production costs, warranty costs, repair costs, and disposal costs Relex Life Cycle Cost (LCC) enables users to perform cost analyses, using a Cost Breakdown Structure (CBS) tree, factoring in alternatives, time intervals, and other variables
A total of all costs throughout all of the life cycles Costs should include PM, repair (labor, parts, and supplies), downtime, energy, ownership, overhead An adjustment can be made for the time value of money
The total cost of acquiring, owning, and operating a product over its useful life Associated costs may include: purchase price, training expenses, maintenance expenses, warrantee costs, support, disposal, and profit loss due to repair downtime
Encompasses all costs associated with the product's life cycle These include all costs involved in acquisition (research & development, design, production & construction, and phase-in), operation, support and disposal of the product