Whole life cost (costing)
06.08.2013 20:31

Whole life cost/costing

1) System for counting the cost of buying and operating a goods vehicle or plant over its whole life (including its value at final disposal) when making purchasing decisions, rather than just comparing initial prices of one vehicle against another. See also Tero-technology.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.276 (288 p.)


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