Lifecycle costing is the maintenance of physical asset cost records over entire asset lives. This means decisions around the acquisition, use or disposal of assets can be made in a way that achieves the optimum asset usage at the lowest possible cost to the entity.
Lifecycle costing can also be applied to profiling cost over a product's life, including the pre-production stage (terotechnology), and to both company and industry lifecycles.
What is it?
Product lifecycle costing
Product lifecycle costing is