What is LIFE CYCLE COST?

Tally time-bound or over a full life span for a good, service, structure, or system of all recurring and onetime costs Cost to buy, install, operate, maintain, upgrade, as well as residual or salvage value at the end of ownership or its useful life are a part of the tally.

More On This Topic



Link to This Definition
Did you find this definition of LIFE CYCLE COST helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary