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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.
Document
ISO
Context
SMS Safety Culture Human and Organisational Factor
Origin document

ISO 22163:2023(en) Railway applications — Railway quality management system — ISO 9001:2015 and specific requirements for application in the railway sector

Release