Whole-Life Cost

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Also found in: Acronyms.

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 new Manager - Whole Life Costs will be responsible for the brand's relationships with key contacts in the RV and SMR influencers, and for optimising Citroen's Total Cost of Ownership proposition.
Evaluation criteria for the Auto Express Glass's Guide Used Car honours include: depreciation, whole life costs, practicality, reliability, market sentiment, road test reports, and owner feedback.
THE Mazda2 is top of its class for whole life costs, according to independent experts CAP.
Most manufacturers of heating systems are now looking to systems that deliver whole life costs as a way of making real energy savings.
Martyn Turner, Universal Parts Manager at NOV Mono, commented: "Spiraling maintenance and whole life costs are a major concern for engineers across the board, no matter what industry they work in.
A Honda spokesperson said: "Given the whole life costs of both of these cars I suspect they will prove popular with scrappage customers.
One example of this change is to consider the whole life costs of a product.
Bucknall Austin, which employs 270 staff in seven offices across the UK, in Birmingham, Brighton, Bristol, London, Manchester, Sheffield and Thames Valley, has invested heavily in recruitment, training and IT, and in developing a dynamic cost modelling tool linking capital and whole life costs and a unique intranet-based process map called Intelligence.
"The Audi A4 has always been exceptionally competitive among company car buyers looking for a prestige marque, but our advantage now extends to excellent used values and whole life costs as well as the powerful desirability that real exclusivity in this sector undoubtedly brings."