Total Cost of Ownership

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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.
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References in periodicals archive ?
SPGPrints' electroformed nickel screens are re-useable, significantly reducing total ownership costs. The re-engravable RotaMesh* and reusable RotaPlate[R] screens offer long life, stability and optimized ink flow at speeds of up to 450fpm (approx.
We need only look back in history to see how services developed initiatives to help capture a program's total ownership costs. The Navy's Fiscal Year (FY) 2002 budget submission included an initiative for "Inventory Augmentation." The funding request was for a direct appropriation into the working capital fund (NWCF-Supply Management) to cover the cost of wholesale inventory for weapon systems entering service.
As a result, initial costs are often more important than total ownership costs, making non-OEM spare parts more appealing.
To aid in the FHIR implementation, Edifecs has introduced the FHIR Bridge Add-On as a solution that addresses rapid development with minimal training requirements, and for existing Edifecs customers, results in the reduction of the total ownership costs of the Smart Trading platform.
If you haven't considered auto insurance costs, you could be missing a big part of your vehicle's total ownership costs. Insure.com rankings of the top 10 most expensive 2016 model vehicles to insure are all about horsepower and opulence.
The modular design uses common components to reduce total ownership costs over the typical 10-plus year metal detector conveyor lifetime.
This strengthens the network infrastructure, improves security, reduces existing hardware footprint and decreases total ownership costs. The CANES effort enhances operational effectiveness and quality of life for deployed sailors.
What relationship (if any) does it have to industry's required focus on shareholder value and/or profit, versus the government's charter to deliver specific capabilities for the least total ownership costs?
LCSM is the process of managing systems across their entire life cycles, taking into account the fully burdened costs associated with maintaining required systems readiness, trade-offs between systems design and total ownership costs, and the importance of comprehensive visibility over total ownership costs.
CANES is designed to provide standardization by reducing the number of network variants by ship class as well as to reduce the Navy's total ownership costs. The guided missile destroyers USS McCampbell (DDG 85) and USS Chafee (DDG 90) are the next ships in class scheduled to receive CANES.
"NAVSEA is seeking ideas from the ACA for coatings and processes that will reduce total ownership costs from all sources.
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