Whole-Life Cost

(redirected from Life-Cycle Costs)

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 team is providing an overmatch advantage for soldiers, growth capacity to support new technologies over the vehicle's lifetime, and lower life-cycle costs. Lynx will be manufactured in the U.S.
The double jeopardy is that while life-cycle management costs are already under-provided, the requisite maintenance cost is not sufficiently budgeted to maintain the upkeep of the asset, leading to higher life-cycle costs in terms of asset breakdowns and poor building conditions.
The plans are expected to take into account physical, technical, human and organisational factors, targeted ay optimising infrastructure life-cycle costs and maximising rails market share on the corridor in accordance with EU Connecting Europe Facility objectives.
* Minimizing life-cycle costs through improved maintenance, minimized wear and tear, and comprehensive support;
The model outputs are hourly energy consumption and operating cost for fans, pumps, and chillers, and total energy and life-cycle costs.
The result: low life-cycle costs and chemical use savings by accurate and efficient pump operation.
Durable construction provides outstanding shielding effectiveness that ensures reliable signal integrity with excellent insertion loss and return loss for reduced life-cycle costs. In addition, Type 5H units have robust connector solutions designed to withstand challenging aerospace environments such as vibration during launch without compromising signal integrity.
However, significant elements of overall life-cycle costs have not kept pace with this decline, based on the initial internal logistics cost baseline.
It allows specifiers to compare either the initial and life-cycle costs of hot-dip galvanizing or a duplex system to various other corrosion protection coatings.
A second truism is that the Operating and Support (O&S) costs account for about 70 percent of the total life-cycle costs of the average weapon system.
General Services Administration (GSA) to consider life-cycle costs during the design of buildings for structures whose estimated construction costs top $1 million, and where the federal government is paying more than half of the construction expenses.
Target costing is an activity which is aimed at reducing the life-cycle costs of new products, by examining all possibilities for cost reduction at the research, development and production stage.