Whole-Life Cost

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Whole-Life Cost

The total amount a company spends on an asset over its entire usable life. Examples of whole-life costs include planning, research, purchase price, and maintenance. Companies estimate the whole-life cost prior to purchasing a new asset to determine whether or not it will be cost effective. It is also called the life cycle cost.
References in periodicals archive ?
DESIGN provides customers the ability to model deployment options to determine the design choice that ensures the highest availability and production at the lowest possible life cycle cost.
Key statement: Exemplary embodiments provide a technique for determining life cycle cost of a tire that includes combining initial purchase information and an assessment of operating costs for a customer.
This paper deals with product life cycle cost management methodology.
The Census Bureau (Bureau) estimates that the life cycle cost of the 2010 Census will be from $13.
However, given the growing importance of life cycle cost for DoD weapon systems, MCTR and MCTO could be added as a quantitative independent cost metric for systems acquisition to specifically ensure that life cycle cost metrics are measured and evaluated early in the development and procurement of the weapon system.
The new display suite will support improvements in aircraft sensors, mission computers and weapons systems, and will provide significantly reduced life cycle cost when compared to the existing displays.
Optimizing pumping system design and saving on the total life cycle cost of a pumping system requires more than merely minimizing waste, maximizing efficiency, cutting energy costs or trimming maintenance expenses.
Rather, it focuses on selected logistics processes that impact operation and support costs which are estimated to comprise above 75 percent of a weapon system life cycle cost (LCC) if the weapon system is purchased off-the-shelf.
Added Kieklak: "This upgrade program from GE provides the latest technology for existing mining trucks around the globe while reducing wheel life cycle cost up to 50% over 6 years of operation.
Contract notice: impact of mission modularity on a naval ship~s life cycle cost.
He has worked on planning studies, conceptual designs, EIS related studies, value engineering and life cycle cost analysis.
ABS is a well recognized for its know-how in applications and cost-effective solutions for pumps, mixers and aerators with a strong focus on low Life Cycle Cost.