Whole-Life Cost

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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 purpose of this life cycle cost study can be listed as follows: (1) to simulate the electricity production of the PV rooftop, (2) to compare the life cycle cost between the concrete roof and the PV rooftop, (3) to study the saving to investment ratio when using solar panels as the rooftop, and (4) to conduct a study of the implications of the initial cost of using solar cells as compared to concrete roofs.
Strictly speaking, life cycle cost pays no attention to business benefits other than cost savings.
It demonstrated that energy cost is the major portion of the total filtration system cost, which was 54.6% of life cycle cost for DL filter, 68.7% for SD filter, 67.4 for prefilter, and 68.3% for SL filter plus prefilter.
The Life Cycle Cost section analyzes the life cycle cost of the wastewater system based on the rehabilitation and the operation and maintenance (O & M) plans selected for the city.
According to Tom Ferguson, Flowserve Pump Division president, "This alliance is in direct response to our customers' increasing demand for life cycle cost management service from a single-source supplier.
The system is intended to provide better performance, with less manpower, at a lower life cycle cost. It will be capable of launching all conventional and short takeoff fixed wing aircraft projected in the inventory through 2050.
Rather, it focuses on selected logistics processes that impact operation and support costs which are estimated to comprise above 75 percent of a weapon system life cycle cost (LCC) if the weapon system is purchased off-the-shelf.
The owner's life cycle cost analysis, based upon the purchase price negotiated by the architects, showed that carpet would be less expensive than the vinyl composition tile originally contemplated for the project.
Contract award criteria: Baseline weighting: quality criterion (if the best price / quality ratio is used): hina20 quality (if the best price / quality ratio is used): service requirements10 quality (if the best price / quality ratio is used): functional requirements34 quality (if the best price / quality ratio is used): usability test15 quality (if use the best price / quality ratio): technical requirements7cost cost (when life cycle costs are used): price20cost (when life cycle costs are used): service requirements10costs (when lifecycle costs are used): functional requirements34 cost basis (when lifecycle costs are used): usability test15costs (life cycle cost): technical requirements7
Following the awards program, prominent experts from the turbomachinery industry will address the important keynote theme: Technology Reduces Life Cycle Cost.
A weapon system's full life cycle is often described by either four major life cycle cost categories or in five phases.