Life Cycle Cost (LCC) Analysis Tool
Evaluate total cost of asset ownership: acquisition, operation, maintenance, and disposal with Net Present Value discounting.
Core Formula
LCC = Acquisition Cost + Operating Cost + Maintenance Cost + Disposal Cost
Governing Standards
- ISO 15663 — Life Cycle Costing in Petroleum & Gas
- IEC 60300-3-3 — Dependability Management: LCC
Frequently Asked Questions
Why is LCC important?
Acquisition cost is typically only 10-20% of total life cycle cost. Maintenance, energy, and downtime costs dominate. LCC analysis reveals the true economic impact of asset decisions.