Life-cycle cost


Also found in: Financial.

life-cycle cost

[′līf ‚sī·kəl ‚kȯst]
(engineering)
A measurement of the total cost of using equipment over the entire time of service of the equipment; includes initial, operating, and maintenance costs.

Life-cycle cost

The total cost of acquiring, owning, operating, and disposing of a building or building system over its entire useful life. It includes the cost of land acquisition, construction costs, energy costs, the cost to maintain, service and repair the building and its systems, costs of system replacement, financing costs, and residual or salvage value at the end of the building’s useful life.
References in periodicals archive ?
The tool aims at minimizing the life-cycle cost of chilled-water plant by finding optimally both condenser water- and chilled-water-side design variables such as chilled water and condenser piping sizes, chilled- and condenser water temperature differences [DELTA]T, and chilled-water supply temperature.
In conjunction with the LCCC update, AGA released "Costs Less, Lasts Longer," which discusses the parameters of initial and life-cycle cost analyses, and provides four case studies.
3[degrees]C) condenser water [DELTA]T was found to be the life-cycle cost optimum for all climate zones, tower sizes, and tower efficiencies analyzed.
Recommendation: To improve the Navy's life-cycle cost estimate for the planned homeporting of a nuclear-powered aircraft carrier at Naval Station Mayport, Florida, and to incorporate to a greater extent the best practices identified by GAO for developing a high-quality cost estimate in future revisions of its Mayport nuclear carrier homeporting cost estimate as part of the annual budgetary process or in response to future congressional requests, the Secretary of Defense should direct the Secretary of the Navy to (1) include all potential recurring costs, and (2) clearly describe the ground rules and assumptions underlying the estimation of each cost element to improve the comprehensiveness of its cost estimate.
At a minimum, building owners requesting a life-cycle cost estimate should expect it to include:
Steve Chase, the research program manager and acting director of the Office of Infrastructure Research and Development at the FHWA Turner-Fairbank Highway Research Center (TFHRC) in McLean, VA, emphasizes the importance of developing life-cycle cost models for future bridge design and management.
The second phase of assistance which has been planned for 2016, will involve follow-up training in the US for the Ethiopian officials, mainly in regard to best value and life-cycle cost analysis.
Keel of Georgia Institute of Technology, highlights strategies developed by the CABA Intelligent & Integrated Buildings Council to create a repository of life-cycle cost benchmark information.
As part of the Harper Government s Seven-Point Plan, Public Works and Government Services Canada, on behalf of the National Fighter Procurement Secretariat, today issued a Request for Proposal to obtain the services of a firm to conduct an independent review of National Defence s life-cycle cost estimates for the F-35 to be included in the upcoming 2013 Annual Update to Parliament on the Next Generation Fighter Capability.
The contract is evidence of the customer's confidence in Nova Bus, and the efforts it has made to improve the reliability of its products and lower their life-cycle cost.
Implementation is expected by fiscal year 2006 with an estimated life-cycle cost of nearly $1 billion.