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NCHRP SYNTHESIS 494LifeCycle Cost Analysis for Management of Highway AssetsA Synthesis of Highway PracticeNATIONAL COOPERATIVE HIGHWAY RESEARCH PROGRAMTRANSPORTATION RESEARCH BOARD 2016 EXECUTIVE.

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Most life-cycle cost analyses are conducted within the context of the traditional design or problem-solving process: (1) define objectives, (2) identify alternatives, (3) define assumptions, (4) project benefits and costs, (5) evaluate alternatives, and (6) decide among alternatives.

Life Cycle Costing, in accounting terms, is the process of compiling all the costs the asset will incur over its lifespan. These costs include the initial investment, future additional investments, annually recurring costs, and salvage or disposal costs.

Life-cycle costing (LCC) means considering all the costs that will be incurred during the lifetime of the product, work or service: Purchase price and all associated costs (delivery, installation, insurance, etc.) Operating costs, including energy, fuel and water use, spares, and maintenance.

LCCA is an engineering economic analysis tool that allows transportation officials to quantify the differential costs of alternative investment options for a given project. LCCA can be used to study new construction projects and to examine preservation strategies for existing transportation assets.

Each asset goes through 5 main stages during its life: plan, acquire, use, maintain, and dispose. The majority of time is spent in the use and maintain phases, but each stage plays an equally important role in ensuring you get the most from your asset.

What is life cycle costing? Life cycle costing is a key asset management tool that takes into account the whole of life implications of planning, acquiring, operating, maintaining and disposing of an asset. The process is an evaluation method that considers all ownership and management costs.

Life-cycle cost analysis (LCCA) is an economic analysis tool to determine the most cost-effective option to purchase, run, sustain or dispose of an object or process. The method is popular in helping managers determine economic sustainability by figuring out the life cycle of a product or process.

Lifecycle Costing (1) Pre-production/Product development stage. (2) Launch/Market development stage. (3) Growth stage. (4) Maturity stage. (5) Decline stage.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232