Life cycle costing
Life cycle costing
Process of evaluating the difference between the life cycle cost (3.1.2.10) of two or more alternative options.
Note 1 to entry: Life cycle costing can involve quantitative and/or qualitative assessment.
- Last updated document
ISO 22163:2023/Amd 1:2024(en)
- Document
- ISO
- Context
- International Standard
- Origin document
ISO 22163:2023(en) Railway applications — Railway quality management system — ISO 9001:2015 and specific requirements for application in the railway sector
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