Unique Skill ID: KS125TW65Z02KMX9S6HW

Life-Cycle Cost Analysis

Life-cycle cost analysis (LCCA) is a tool to determine the most cost-effective option among different competing alternatives to purchase, own, operate, maintain and, finally, dispose of an object or process, when each is equally appropriate to be implemented on technical grounds. For example, for a highway pavement, in addition to the initial construction cost, LCCA takes into account all the user costs,, and agency costs related to future activities, including future periodic maintenance and rehabilitation. All the costs are usually discounted and total to a present-day value known as net present value (NPV). This example can be generalized on any type of material, product, or system.

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