Life cycle cost analysis
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A life cycle cost analysis calculates the cost of a system or product over its entire life span.
The analysis of a typical system could include costs for:
- planning,
- design,
- development,
- production,
- operation,
- maintenance,
- disposal or salvage.
This cost analysis depends on values calculated from other reliability analyses like failure rate, cost of spares, repair times, and component costs.
See also: Product life cycle management, Technology lifecycle, Crossing the Chasm, spend management