life cycle cost
Definition
Sum of all recurring and one-time (non-recurring) costs over the full life span or a specified period of a good, service, structure, or system. In includes purchase price, installation cost, operating costs, maintenance and upgrade costs, and remaining (residual or salvage) value at the end of ownership or its useful life.
life cycle cost is in the Accounting & Auditing and Industries, Manufacturing, & Technology subjects.
life cycle cost appears in the definitions of the following terms: cost avoidance, affordability and life cycle costing
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