Life-cycle assessment
12.07.2013 09:50

Life-cycle assessment

1) Assessment of the whole life of a product or business asset in terms of its development or its cost. In transport, the life-cycle cost of a vehicle is more important than its initial cost - eg the more expensive vehicle may be the cheapest in the long run. See also Tero-technology.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.142 (288 p.)

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