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Home > QFINANCE Dictionary > Definition of life-cycle costing

Definition of

life-cycle costing


way of assessing asset's cost over time a method of calculating the total cost of a physical asset throughout its life. Life-cycle costing is concerned with all costs of ownership and takes account of the costs incurred by an asset from its acquisition to its disposal, including design, installation, operating, and maintenance costs.

life-cycle costing - Related Articles


Definitions of ’life-cycle costing’ and meaning of ’life-cycle costing’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’life-cycle costing’ and other financial terms with our online QFINANCE Financial Dictionary.

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