Life cycle costing Advantages disadvantages and criticism of this procedure is popular PDF and ePub book, written by Roberto Niesing in 2008-06-25, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Life cycle costing Advantages disadvantages and criticism of this procedure can be Read Online from any device for your convenience.
Life cycle costing Advantages disadvantages and criticism of this procedure Book PDF Summary
Seminar paper from the year 2008 in the subject Business economics - Accounting and Taxes, grade: 2,0, University of Glamorgan, language: English, abstract: Sustainability is developing in as important target for an increasing number of industries and governments. Especially in a faster moving world, which is determined by quarterly period reports, a long term orientation can be a competitive advantage for unlisted companies. In the 1960 ́s the US Department of Defense began to develop a tool to handle increasing costs. They recognized that the purchase price was not the only important criteria. Training or maintaining costs had to be considered for the total cost calculation, too. However, several definitions of Life cycle costing (LCC) exist that tend to be similar: ’monitoring the cost incurred throughout a product’s life cycle’ (Woodward, 1997) or ‘LCC is the sum of all costs incurred during the life cycle of a building, system or product. It includes the costs of the project, development, and acquisition, operation, conservation and maintenance and salvage value if it exists.’ (Goralczyk, and Kulczycka, 2005). In the following essay several functions of life cycle costing will be drawn up. Furthermore, advantages, disadvantages and criticism of this procedure will be analyzed.
Detail Book of Life cycle costing Advantages disadvantages and criticism of this procedure PDF
- Author : Roberto Niesing
- Release : 25 June 2008
- Publisher : GRIN Verlag
- ISBN : 9783638069458
- Genre : Business & Economics
- Total Page : 18 pages
- Language : English
- PDF File Size : 10,8 Mb
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