Whole-Life Cost

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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.
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a 33 per cent reduction in both the initial cost of construction and the whole life cost of assets ?
Recently, the importance of the early and meaningful engagement of the FAM advocate/operator has been recognised as adding real value to the whole life cost and quality of the asset around the world.
Rhinophalt taps into the growing demand for preventative maintenance solutions; infrastructure owners and operators are focusing increasingly on whole life cost of their assets and on operational and environmental impacts of unplanned maintenance and early-life failure.
The island''s commercial fleet is almost wholly engaged in low mileage operations, while the high price of foreign oil imports means electric vehicles can deliver substantial whole life cost savings.
The successful team will recognise the role of innovation in health care planning and architectural design in the successful operation of the hospital, and in minimising the capital and Whole Life Cost to the Trust.
Take into account cleaner CO ratings, lower tax and improved fuel economy, and there are potential whole life cost savings of more than pounds 1,000 annually.
Other advantages include greater recycling and sustainability benefits, and lower whole life cost due to the reduced thickness and increased durability.
Its interchangeable modular in-hub electric drive, and hybrid power architecture will dramatically reduce logistics footprint and whole life cost of ownership associated with unique components, large repair part inventory and training for both operators and maintenance personnel.
Key drivers for growth include growing online activity, the growth in cloud based services, an increasing focus on whole life cost and energy efficiency, the development of modular solutions and an increase in outsourcing among smaller businesses.
Where this is possible, meets customer expectations and makes sense commercially, life extension of rolling stock may be a better whole life cost solution than purchasing new rolling stock in the short term.
Build costs and ongoing running costs are being monitored to produce a whole life cost comparison for these two homes.