Life-Cycle Costing

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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 ?
The product life cycle costing process is shown in the figure 1 (Emblemsvag, 2003).
The concept of Life Cycle Costing (LCC) involves the idea that customers should make buying decisions based on long-term energy, operations and maintenance costs--not just the initial purchase price.
"We are working with a grant from the Ontario Innovation Trust Fund to research the life cycle costing of items such as energy, security, ventilation, etc.
The 101 questions and answers are in the areas of: facility planning; learning environment; information technology; safe schools; life cycle costing; facility standards; facility costs; maintenance; bond issues; site issues; accessibility; building codes; asbestos; working with architects; construction delivery options; and sustainabilty issues.

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