Life Cycle Cost (LCC) refers to the cost of owning, operating, maintaining and disposing a system or product during the period from preconcept to disposal. This analysis approach is used to compare alternative design and ILS solutions, especially in the early stages.
By performing LCC analysis, right decisions can be made by evaluating the procurement, operation, maintenance and disposal costs of a system or product. LCC assists in identifying savings opportunities, optimizing resource allocation, and selecting the most cost-effective options or alternatives that meet desired performance and support requirements.