Life cycle cost,
Definition of Life cycle cost:
The series of changes in the life of an organism including reproduction.
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.
How to use Life cycle cost in a sentence?
- The life cycle of gut parasites.
- I wondered what the life cycle cost would be and then I was told by my manager who knew everything about it.
- When I bought a used car, I was totally unaware of how high the total life cycle cost would be; it might have been cheaper to just buy a new car.
- The product was a very popular one, but overall the company lost money on it because of the exorbitant life cycle cost associated with its production and warranty requirements.
Meaning of Life cycle cost & Life cycle cost Definition