What is LIFE CYCLE COSTING?

Procurement, production, life-cycle costing technique. Cost to buy, install, operate, maintain and upgrade, and waste during the asset’s economic life are tracked to determine the lowest cost of ownership of a fixed asset as a part of procurement. As an integral part of tero-technology at each stage of the value chain during the product’s estimated life cycle duration in manufacturing, production costs plus generated product revenue plus expenses incurred are tracked.

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