Total Cost of Ownership

(redirected from Total Ownership Cost)
Also found in: Acronyms.

Total Cost of Ownership

The all-in cost for purchasing and maintaining an asset. For example, the total cost of ownership of a house is not simply the purchase price, but also includes the cost of taxes, utility bills, perhaps the cost of replacing or repairing parts of the structure, and any other relevant costs incurred during the time one owns the house.
References in periodicals archive ?
In 2009, the NAE recognized the need for a greater emphasis on the future readiness of Naval Aviation forces, as well as controlling the total ownership costs of weapon systems.
So what requirements, if any, should program offices focus on in order to achieve a balanced approach to reduce total ownership costs, and not just development and production costs?
But it is clear that sensible investment today can lower tomorrow's O&M costs as well as total ownership cost.
He added: "It would be advantageous for the government and industry to get together early on to decide what specific equipment has the biggest impact to total ownership cost, and make informed decisions about that rather than being forced by budgetary constraints to make poor choices and then pay over the life of a ship--30 years in some cases--over and over again for that bad decision that was made early on.
Although Sun Tzu's adage that support costs amount to 60 percent of total ownership cost (2) is widely quoted in program cost contexts, Army studies have shown that as much as ".
Is the Department of Defense (DoD) headed down the right path to get Total Ownership Cost (TOC) under control?
As home to resident security assistance foreign officers (SAFRs) from eighteen different countries and given the Integrated Logistics System (ILS) and weapons system support mission of the ICP, there is a driving responsibility to help both these constituencies achieve their goals of improved and tailored support with greater efficiency and reduced total ownership cost.
The team brings together AVX's extensive rotorcraft experience and BAE Systems' system and subsystem integration expertise, to provide the Navy a weapon system that exceeds MRMUAS mission requirements at low total ownership cost.
Total cost of ownership (TCO) [or total ownership cost (TOC) as it is also known] drivers
On a more measurable scale, we are developing a way to include the effects of international program during calculation of the total ownership cost of our programs.
Policies, procedures, tools, references, publications, Web links, and lessons learned for risk management, contracting, system engineering, total ownership cost.
In defense acquisitions, managers must frequently make a difficult trade-off between an investment that promises to lower total ownership cost versus their need to deploy quickly and contain current cost.
Full browser ?