Life Cycle Cost

{
  "id": "MLC-T-ENV-015698",
  "term": "Life Cycle Cost",
  "field": "Environment",
  "definition": "1. The amortized annual cost of a product, including capital costs, installation costs, operating costs, maintenance costs and disposal costs discounted over the lifetime of the product However, this definition does not include external costs (i.e., those not borne directly by the entity that owns and operates a product/service, such as environmental costs to society at large).\n\n2. All costs associated with the defined life cycle of a product, including capital costs, installation costs, operating costs, maintenance costs, and disposal costs. This definition does not include external costs (i.e., those not borne directly by the entity that owns and operates a product/service, such as environmental costs to society at large).",
  "subject": "Sustainability and green living",
  "references": [
    "Greener Products Glossary",
    "Glossary of Sustainable Manufacturing Terms"
  ],
  "url": "https://mlchart.com/terminology/environment/life-cycle-cost/"
}