Life-Cycle Costing


Also found in: Encyclopedia.

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 ?
Life-cycle costing is the profiling of costs over the life of a product, including the pre-production stage.
Coverage includes life-cycle costing economics and fundamentals; models and cost estimation methods; reliability, quality, safety, and manufacturing costing; maintenance, maintainability, usability, and warranty costing; life-cycle costing of computer, transportation, civil engineering and energy systems; and introductory aspects of engineering reliability and maintainability.
2003), Life-cycle costing, John Wiley a sons, USA 2003, ISBN 978-0-4713-5885-5