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Definition of life cycle cost: 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…
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The Life Cycle Cost (LCC) of an asset is defined as: “The total cost throughout its life including planning, design, acquisition and support costs and any other costs directly attributable to owning or …
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Life-cycle cost analysis (LCCA) is a method for assessing the total cost of facility ownership. It takes into account all costs of acquiring, owning, and disposing of a building or building system.