Life Cycle Cost Analysis
A
life cycle cost analysis
calculates the
cost
of a
system
or
product
over its entire life span. The analysis of a typical system could include costs for:
planning,
design,
development,
production,
maintenance
,
disposal or
salvage
.
This cost analysis depends on values calculated from other reliability analyses like failure rate, cost of spares, repair times, and component costs. See also:
Product life cycle management
,
Technology lifecycle
,
Crossing the Chasm
,
spend management
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