Relevance of Life Cycle Costing and Its Advantages: An International Perspective
摘要
The purpose of this work is to present the Life Cycle Cost (LCC) approach starting from the essential pertinent background, describing the LCC most relevant areas of interest including a short focus on the interaction between LCC and Integrated Logistic Support (ILS) and articulate the reasoning behind the advantages of implementing a LCC methodology. The ultimate aim of this disclose is to create awareness of the pivotal role of LCC among the stakeholders and to foster a deeper understanding of its core principles. Furthermore, insights from the Organisation for Joint Armament Co-operation (OCCAR) LCC process overview will be provided to offer an additional international perspective.