Total Cost of Ownership

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Total Cost of Ownership

The all-in cost for purchasing and maintaining an asset. For example, the total cost of ownership of a house is not simply the purchase price, but also includes the cost of taxes, utility bills, perhaps the cost of replacing or repairing parts of the structure, and any other relevant costs incurred during the time one owns the house.
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In 2009, the NAE recognized the need for a greater emphasis on the future readiness of Naval Aviation forces, as well as controlling the total ownership costs of weapon systems.
So what requirements, if any, should program offices focus on in order to achieve a balanced approach to reduce total ownership costs, and not just development and production costs?
The reduction in total ownership costs will be assessed when testing is complete," said Harris.
More dialogue between all parties, and especially with industry, would go a long way in helping to control total ownership costs.
Total cost of ownership (TCO) [or total ownership cost (TOC) as it is also known] drivers
On a more measurable scale, we are developing a way to include the effects of international program during calculation of the total ownership cost of our programs.
Policies, procedures, tools, references, publications, Web links, and lessons learned for risk management, contracting, system engineering, total ownership cost.
In defense acquisitions, managers must frequently make a difficult trade-off between an investment that promises to lower total ownership cost versus their need to deploy quickly and contain current cost.
More than simply suitable replacements for existing technologies, the Galaxy series reduces energy consumption, management overhead, total ownership cost and payback period making them an excellent selection for cities and municipalities with a "green" vision and an eye on fiscal responsibility.
Presently, two modernization programs are in place for cruisers as well as destroyers that would enhance warfighting capabilities, extend hull service life, as well as reduce total ownership cost through the fielding of Open Architecture and commercial computing technologies.
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