("LCC") The total cost of a system or facility over its full life, including the cost of development, acquisition, operation, support and disposal. [D02956] RMW The sum of all cost s over the useful life of a building, system or product. It includes the cost of design, construction, acquisition, operation, maintenance, and salvage (or resale) value, if any. [D03526] GAT The total cost of implementation and owner ship of a system over its useful life. It includes the cost of development, acquisition, operation, maintenance, support, and where applicable, disposal. [D04130] CSM
The present value of a system or subsystem, including purchase, spares, administration, maintenance and consumable cost over the life of the system.
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.
Life cycle costs include all costs incident to the planning, design, construction, operation, maintenance and demolition of a facility, or system, for a given life expectancy, all in terms of present value.
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 of operation and maintenance.
refers to the total cost of a product for its useful service life, which includes the initial cost of the product, the maintenance of the product, the amount of time a product is installed before it has to be replaced due to wear and tear, and the overall performance of the product.
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.
A method of analyzing the cost of a piece of equipment over its entire life, including development costs, production costs, operation costs, support costs, and disposal costs.
(LCC): The cost of a good or service over its entire life cycle. See http://www.sandia.gov/pv/docs/LCcost.htm
Total cost of a system from conception to demolition.
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.
Initial cost plus lifetime operating costs of an economic good. Compare full cost.
The sum of all the costs both recurring and nonrecurring, related to a product, structure, system, or service during its life span or specified time period.