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.
