Life cycle cost
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Life cycle cost (LCC) is the total cost of acquisition and ownership of a system over its entire life. It includes all costs associated with the system and its use in the concept, development, production, utilization, support, and retirement stages.
Definitions
According to the INCOSE Systems Engineering Handbook (4th edition),
- Life cycle cost (LCC). The total cost of acquisition and ownership of a system over its entire life. It includes all costs associated with the system and its use in the concept, development, production, utilization, support, and retirement stages.
