Life-cycle cost method

Life-cycle cost method

A technique of economic evaluation that sums over a given study period the costs of initial investment less resale value, replacements, operations including energy use, and maintenance and repair of an investment decision, expressed in present or annual value.
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Economic performance is measured using the ASTM standard life-cycle cost method, which covers the costs of initial investment, replacement, operation, maintenance and repair, and disposal.
Life-cycle Cost Method, n.--a technique of economic evaluation that sums over a given period of costs of initial investment (less resale value), replacements, operations (including energy use), and maintenance and repair of an investment decision expressed in annual or value terms.
Life-cycle Cost method, n--a technique of economic evaluation that sums over a given period the costs of initial investment (less resale value), replacements, operations (including energy use), and maintenance and repair of an investment decision expressed in annual or value terms.