Life-Cycle Costing

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Life-Cycle Costing

An estimate of all expenses a company incurs and derives from a product. Life cycle costing includes all expenses from research and development, marketing, customer services and so forth. It is calculated from the beginning of a product's research to its estimated date of withdrawal from the market. Life cycle costing helps a company determine whether or not a product is going to be profitable.
References in periodicals archive ?
From this picture you can see that life cycle costing methodology consists of target costing which focuses on cost rationalization in preproduction phase and kaizen costing which focuses on cost rationalization in production phase.
He will conduct the necessary research into project-related constructability, Life Cycle Costing, systems performance, sequencing, scheduling, material and labor availability as they impact the specific project requirements.

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