Total cost of owning an asset over its lifetime, an important metric for capital equipment, which includes initial price, consumable costs, maintenance, utilization, etc.
(COO) The total lifetime costs associated with acquisition, installation, and operation of production equipment.
the overall cost of a computer system to an organization to include the costs associated with operating and maintaining the system, and the lifetime of operational use of the system.
the total lifetime cost associated with acquisition, installation, and operation of fabrication equipment. [1994 National Technology Roadmap for Semiconductors
The purchase price of equipment plus the cost of operating this equipment over its projected life span.
The total cost a manufacturer incurs to "own" a piece of capital equipment throughout that equipment's lifetime, including initial costs and yearly operating costs.