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 model outputs are hourly energy consumption and operating cost for fans, pumps, and chillers, and total energy and life-cycle costs.
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.
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.
The articles, and the SDL course upon which it is based, are intended to provide techniques for plant design and control that require little or no added engineering time compared to standard practice but at the same time result in significantly reduced plant life-cycle costs.
GAO's objectives were to (1) develop an independent estimate of the full life-cycle costs to homeport a nuclear aircraft carrier at Mayport and (2) determine to what extent the Navy's estimate meets the characteristics of a high-quality cost estimate.
According to a 2005 Roofing Industry Alliance for Progress survey of building owners, the three most important considerations for selecting a new roof are, in order of priority: 1) installed cost, 2) the quality of installation, and 3) life-cycle costs (LCCs).
Various States and organizations also have established their own procedures for analyzing life-cycle costs.
The inherent strengths of HPC allow for greater design efficiencies, shorter construction cycles, and lower life-cycle costs.
Current resins and adhesives lack adequate strength, stiffness, durability, and reasonable life-cycle costs to revolutionize composites and construction methods, and thus capture large, new industrial markets.