Whole-Life Cost


Also found in: Encyclopedia.

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 ?
The University of Sheffield is out to tender for a complete Low Carbon Vending Solution that is low carbon, environmentally sustainable which demonstrates whole-life cost saving and delivers a sound commercial opportunity for both the provider and the University.
To make fuel cells more cost-effective, we need to reduce their whole-life cost and maximise the value of the resources they contain, such as platinum, high-value polymers and carbon fibre.
The new version of the Q4000 provides long, reliable battery life meaning fewer expensive service visits for the lowest whole-life cost.
The model, promises major whole-life cost savings for fleet operators and financial benefits for company car drivers over rival models.
The model, which made its world premiere at last month's Frankfurt Motor Show, promises major whole-life cost savings for fleet operators and significant financial benefits for company car drivers over rival models.
Our new centre will offer excellent standards at a low whole-life cost, and be a great place to come and work.
The service will also include the provision of building construction and whole-life cost advice to support the development of Business Cases.
A 2002 government publication on the subject offered the following advice: "Take the long-term view--remember the whole-life cost of the project and specify the outcome you want to achieve.
This optimizes performance for fuel efficiency, and removes traditional armored fighting- vehicle drive line constraints, which will significantly reduce the whole-life cost of ownership," Wilson said.
Depreciation is the greatest single whole-life cost of owning a car and it can sometimes be fuelled by massive discounts off the new price.
This optimizes performance for fuel efficiency, and removes traditional armored fighting-vehicle drive line constraints, which will significantly reduce the whole-life cost of ownership," Wilson said.