life cycle cost


Also found in: Financial, Acronyms.

life cycle cost

The cost of a building or equipment (or the like) based not only on the initial expenditure, but also on its maintenance and operating costs over its entire lifetime.
References in periodicals archive ?
Life cycle cost or LCC is a method of an estimated economic cost calculation that focuses on all resources used by a project during its lifetime [1].
Caption: PDAP equips RMCAO member producers and their contractor customers to detail initial and life cycle costs for new concrete pavement and concrete overlay proposals.
For its customers this means low life cycle costs and lighter environmental footprint.
The life cycle cost method is an important tool for textile mills, but cannot eliminate the risks of an entrepreneur.
Table 1 AHU operation conditions and cost facts Air flow (CFM) 80,000 Number of filters 40 Filter face velocity (FPM) 500 Fan/motor/system efficiency ([mu]) 55% Utility rate (S/kw.hr) 0.08 Operational pattern 14 hr/day, 7day/wk, 50wk/yr Maintenance labor cost ($/hour) 30 Operating hours per year (hr/yr) 4900 Life cycle period (month) 12 Life Cycle Cost Analysis Life Cycle Cost (LCC) analysis is a method to evaluate the cost along a filter service life, which generally includes filter cost ([LCC.sub.filter]), energy cost ([LCC.sub.energy]), freight cost ([LCC.sub.freight]), maintenance cost ([LCC.sub.maint.]), and disposal cost ([LCC.sub.disposal]).
Life cycle cost calculations we can exploit to evaluation of cost effectiveness spend in pre-production stage too.
Life cycle cost includes transportation, maintenance and rehabilitation of water and wastewater systems to control exfiltration in water systems and infiltration in wastewater systems over the life cycle period.
Performs special studies supporting long range planning, force structure, analysis at alternatives and life cycle cost analyses.
Information on the Hydraulic Institute, its services, standards, publications and meetings, can be found on the HI websites at www.Pumps.org and www.PumpLearning.org, and the new energy-savings and life cycle cost focused site, www.PumpSystemsMatter.org.
The new BE Series pumps from ABS/Scanpump Group optimizes complex pulp and paper making processes by providing mills with flexibility, reliability and process optimization efficiencies while achieving low life cycle cost, according to the company.
"The new display suite will support improvements in aircraft sensors, mission computers and weapons systems, and will provide significantly reduced life cycle cost when compared to the existing displays."
In response, this project developed a life cycle cost analysis (LCCA) framework and computer based decision tool that uses environmental parameters to assist decision-makers in evaluating the use of recycled materials.