Whole-Life Cost

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Also found in: Acronyms.

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 ?
STRONG residual values and competitive whole life costs have been predicted for Mazda's new CX 5 compact crossover, which goes on sale later this month.
Citroen, a France-based automaker, has named Jason King as its new Manager - Whole Life Costs.
Evaluation criteria for the Auto Express Glass's Guide Used Car honours include: depreciation, whole life costs, practicality, reliability, market sentiment, road test reports, and owner feedback.
THE Mazda2 is top of its class for whole life costs, according to independent experts CAP.
We are seeking to ensure that we drive out waste and improve whole life costs.
As part of a wider strategy to install products that will demonstrate optimal Whole Life Costs and performance across London~s transport network as well as to standardise components/products installed, TfL will establish long-term contracts with suppliers for a suite of lighting products.
Most manufacturers of heating systems are now looking to systems that deliver whole life costs as a way of making real energy savings.
Martyn Turner, Universal Parts Manager at NOV Mono, commented: "Spiraling maintenance and whole life costs are a major concern for engineers across the board, no matter what industry they work in.
A Honda spokesperson said: "Given the whole life costs of both of these cars I suspect they will prove popular with scrappage customers.