
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 cons...
Found on
http://en.wikipedia.org/wiki/Life-cycle_cost_analysis

The process used to compare projects based on their initial cost, future cost and salvage value, which accounts for the time value of money.
Found on
https://www.encyclo.co.uk/local/21122
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