Lifecycle cost analysis definition

Lifecycle cost analysis means an analysis that calculates cost of an asset over its entire life span and includes the cost of planning, constructing, operating, maintaining, replacing, and when applicable, salvaging the asset. Although one proposal may have a lower initial construction cost, it may not have the lowest lifecycle cost once maintenance, replacement, and salvage value is considered.

Lifecycle cost analysis means an analysis that calculates cost of an asset over its entire life span and includes the cost of planning, constructing, operating, maintaining, replacing, and when applicable, salvaging the asset.

Lifecycle cost analysis means an analysis that calculates cost of an asset over its entire

Examples of Lifecycle cost analysis in a sentence

• Section 707 of Executive Order 13123 defines life-cycle costs as, “…the sum of present values of investment costs, capital costs, installation costs, energy costs, operating costs, maintenance costs, and disposal costs over the life-time of the project, product, or measure.” Life-cycle cost analysis (LCCA) is an economic method of project evaluation in which all costs arising from own- ing, operating, maintaining, and disposing of a [facility/asset] are considered important to the decision.

• Life-cycle cost analysis: An economic assessment of an item, area, system, or facility and competing design alternatives considering all significant costs of ownership over the economic life, expressed in equivalent dollars (5).

• With the emergence of a Congolese middle class in the 1950s, birth choices began to be increasingly tied to an individual’s social status.

• Life-cycle cost analysis: An economic assessment of an item, area, system, or facility and competing design alternatives considering all significant costs of ownership over the economic life, expressed in equivalent dollars (4).

• Life-cycle cost analysis is the process of calculating whether a particular investment, resultant from a specific design strategy, will generate a positive return on investment over the life of the renewed pavement.

• Life-cycle cost analysis and the use of LED fixtures shall be encouraged.

• Life-cycle cost analysis of luminaire/lamp system and associated controls; f.

• Life-cycle cost analysis" is a comparison of life-cycle costs among competing paving materials using equal design lives and equal comparison periods.Subd.

• Life-cycle cost analysis can be particu- larly useful when evaluating high-cost infrastruc- ture and renewable energy opportunities (Union of British Columbia Municipalities, 2009).EPA has developed savings calculators that school districts can use to assess the life-cycle and annual costs and savings of a variety of ENERGY STAR labeled products, available at http://www.

• Universidad de la Coruña, La Coruña Spain Castro-Santos L, Diaz-Casas V (2014) Life-cycle cost analysis of floating offshore wind farms.

More Definitions of Lifecycle cost analysis

Lifecycle cost analysis means analysing the cost of a good or service over the full lifetime of the product and not just the initial purchase price. Lifecycle cost analysis takes into account durability, performance and cost savings that may be achieved over the lifetime of the product through environmental efficiencies (e.g. energy saving or water saving devices), and disposal costs or potential revenues.

Lifecycle cost analysis means an analysis that calculates cost of an asset over its entire life span and includes the cost of planning, constructing, operating, maintaining, replacing, and when applicable, salvaging the asset. Although one proposal may have a lower initial construction cost, it may not have the lowest lifecycle cost once maintenance, replacement, and salvage value is considered. Public-Private Education Facilities and Infrastructure Act of 2002, as amended Commonwealth of Virginia Procedures Revised January 17, 2008 -29-

Lifecycle cost analysis means a study that calculates the total cost of an asset over its entire life span and includes the cost of planning, constructing, operating, maintaining, replacing, capital improvement reserves, and when applicable, salvaging the asset.

Lifecycle cost analysis means an analysis calculating the cost of an asset over its entire life Rev. 10t26t21

Lifecycle cost analysis means an analysis that calculates cost of an asset over its entire life span and

Lifecycle cost analysis means an analysis calculating the cost of an asset over its entire life span, including the cost of planning, constructing, operating, maintaining, and replacing the asset, estimates of sufficient capital improvement reserves, and, when applicable, salvaging the asset. The analysis must compare the proposed life cycle cost of the Proposed Project to what the project would likely cost the City if a standard, non-P3 delivery method was used. The Comprehensive Agreement must identify if there is no cost to the City of an asset projected for the City.