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Life Cycle Cost Analysis
Life Cycle Cost (LCC) Analysis is a method of analyzing
the cost of a system or a product over its entire lifespan.
LCC enables you to define the elements included in the lifespan
of a system or product, and assign equations to each element.
These equations represent the calculation of the cost of
that particular element.
The objective of performing a LCC analysis should be to
choose the most cost-effective approach for using available
resources over the entire lifespan of the product or system.
The LCC provides a systematic process for evaluating and
quantifying the cost impacts of alternate courses of action.
More information: http://www.life-cycle-cost.com/
Life
Cycle Costing
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