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Whole-Life Cost
(redirected from Life cycle cost)

   Also found in: Encyclopedia, Wikipedia 0.01 sec.
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.


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Categories: National Defense, Air defense systems, Budgets, Cost analysis, Defense economic analysis, Design specifications, Future budget projections, Life cycle costs, Military forces, Military systems analysis, Military vessels, Missiles, Modifications, Naval procurement, Navy Next Generation Cruiser-CG(X), Performance measures, Propulsion systems, Radar equipment
Other subjects covered include calculation of life cycle costs, and life cycle assessment.
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