Whole-life cost analysis (WLCA)is a key technique in asset management used to identify themost cost-effective optionover the lifespan of an asset. It includes capital costs, operational costs, maintenance, and disposal costs.
Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 4.5.1 – Whole-Life Costing:
“Whole-life costing is used to support decision-making by comparing alternative options based on the total cost of ownership over the asset’s life.”
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