Life-cycle cost of material

Life-cycle cost of material

The costs accruing throughout the service life of a material. Life-cycle costs address the capital costs involved in production, maintenance, and disposal, and can also include other environmentally related capital costs and societal costs.
References in periodicals archive ?
The composites provide better corrosion-resistance, strength-to-weight ratio, and low maintenance and life-cycle cost of materials as compared to competing materials such as steel, plastics, and concrete.