life cycle costing is particularly important when
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Answer:
Life Cycle Costing (LCC) is an important economic analysis used in the selection of alternatives that impact both pending and future costs. It compares initial investment options and identifies the least cost alternatives for a twenty year peri
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Life cycle costing:
It is a method of calculating the total cost of an asset or part of an asset, including the expenses of procurement, installation, operation, maintenance, and disposal.
life cycle costing is particularly important when:
When a large percentage of overall life cycle costs are incurred before production begins and revenues are received over several years, and a large fraction of LCC is locked in at the Research, Development, and Design stages, the Life Cycle Costing technique is especially significant.