THE IMPORTANCE OF THE LIFE CYCLE COST IN THE MILITARY ACQUISITIONS Cover Image

THE IMPORTANCE OF THE LIFE CYCLE COST IN THE MILITARY ACQUISITIONS
THE IMPORTANCE OF THE LIFE CYCLE COST IN THE MILITARY ACQUISITIONS

Author(s): Traian Cosma
Subject(s): Economy, Business Economy / Management
Published by: Regional Department of Defense Resources Management Studies
Keywords: Life Cycle; Life cycle cost; Reliability; Availability; Maintenance and Maintainability;

Summary/Abstract: The life cycle cost (LCC) concept consists of adding all the costs of activities ( stages ) that occur in the life cycle of a produc,from conception to abandonment or withdrawal (disposal) of the product by the manufacturer or beneficiary. Control costs can become or is a particular problem ( primary ) for those are responsible, here entering and military decision makers (when is talking about required products for national defense), especially when the allocated resources are limited (both annual budgetary resources, and those that may be intended, in their entirety, for a particular type of product) Cost analysis is not simply a matter of accounting, becomes a management problem that involves many factors responsible, we must concern us both costs that may arise in the future, and those who are somehow‚”unexpected”, especially in terms of military capabilities in which the benefit can not measure directly (eg income).

  • Issue Year: 9/2014
  • Issue No: 9
  • Page Range: 90-99
  • Page Count: 10
  • Language: English