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.
References in periodicals archive ?
With more and more people seeing the benefits of whole-life cost analysis, its popularity in construction is increasing.
The above processes need to be completed for each available option, varying performance levels if appropriate, to find the one with the lowest whole-life cost. The constraints arising from funding sources, minimum service requirements and legal obligations must be recognised, while the uncertainties and risks inherent in the above assessment need to be analysed.
Ofwat has followed other regulatory bodies by adopting a totex (total expenditure) approach which stimulates thought processes to drive the lowest whole-life cost of assets and projects within the water industry.
The benefit of using TCO is that a decision maker could be incentivised to go beyond the consideration of capital expenditure, and think of the potential whole-life cost arising through the use of their assets.
The service will also include the provision of building construction and whole-life cost advice to support the development of Business Cases.
MINI claims that the Countryman Cooper D with CO emissions of 115g/km, BIK rating of 13%, predicted residual value of 41% and whole-life cost of 42.61% easily out-performs the Nissan Qashqai Acenta 1.5 dCi 2WD.
With a surfaced displacement of 700 tonnes, the BMT VidarA-7 Small Modern SSK concept has been developed to deliver sovereign capability at an affordable whole-life cost. Specifically designed to cover a multitude of covert roles in the current, challenging economic conditions, BMT VidarA-7 is an affordable design that takes advantage of commercial off-the-shelf (COTS) and military off-the-shelf (MOTS) technology to maximise availability, radius of operation, mission endurance, flexibility, payload capacity and stealth.
It was founded by Balfour Beatty whole-life cost director Ed Bartlett and ex-4Projects head of technology Nick Graham.
AS DEPRECIATION is the greatest single whole-life cost in running any car, Nissan is boasting that the residual values of its new Juke crossover model are among the best in the industry.
In fact, the A4 is likely to hold its value well -- and nothing has a greater bearing on whole-life costs than that.
And what is the quality of the learning environment - because we cannot lose sight of what the specifi-cation has to support: educational outcomes The fifth factor, sustainability, cuts across all of the guiding principles - especially the concept of whole-life costs.
The increase in residual value has had a positive contribution on the XTrail's whole-life costs with the new version now 10% less to run compared with the outgoing model, at just 99 pence per mile.