Definitions for "LIFE-CYCLE COST"
Related Terms:
Life cycle cost, Life cycle costing, Cost of ownership, Life-cycle cost analysis, Total cost of ownership, Lcc, Marginal costing, Sunk costs, Absorption costing, Incremental cost, Standard cost, Total cost, Fixed costs, Fixed cost, Direct costing, Tco, Overheads, Full absorption costing, Actual cost of work performed, Cost, Eac, Variable cost, Sunk cost, Actual cost, Variable costs, Indirect cost, Overhead, Cost variance, Cost accounting, Embedded cost, Operating costs, Estimate at completion, Cost driver, Direct cost, Job costing, Capital costs, Activity based costing, Cost, Cost of quality, Cost overrun, Overhead costs, Operating leverage, Break-even analysis, Breakeven analysis, Marginal cost, Target costing, Cost performance index, Production cost, Mtdc
Amount of money necessary to own, operate and maintain a building, system, plant, piece of equipment, etc., over its useful life.
The total lifetime cost of a roof. Calculated by adding maintenance costs to the installed price, then deducting the added value the roof provides when the home is resold.
LCC - Evaluation of costs for a system over all stages: feasibility to design to phaseout (5.7).
The overall estimated cost for a particular program alternative over the time period corresponding to the life of the program, including direct and indirect initial costs plus any periodic or continuing costs for operation and maintenance. [GAO
Review of the full life cycle and total cost of the product. A LCC review would include: the purchase price of the product; the cost of using the product; and the cost of disposing of it.
The total cost of purchasing, owning and maintaining a device, including the cost of energy used to operate the device, over the lifetime of the device.
The total costs associated with purchasing, operating, and maintaining a system over the life of that system.
The entire cost of a system from development, through production, and post-production logistics support.
The cost of a good or service over its entire lifetime.
similar to a cash-flow analysis used to calculate the economics of owning an EES, the life-cycle cost analysis also takes into account the cost of maintaining and/or replacing the equipment as it deteriorates over time; probably the most accurate method of determining the true cost of owning an EES.
The estimated cost of owning, operating, and disposing of a system over its useful life.