APPROACHES TO MANAGING THE LIFE CYCLE COST
APPROACHES TO MANAGING THE LIFE CYCLE COST
Author(s): Tudorel SlavuleteSubject(s): Economy, Business Economy / Management
Published by: Regional Department of Defense Resources Management Studies
Keywords: decision; value; system; ownership; challenge; cost driver;
Summary/Abstract: Top managers are deeply involved in the strategic decision making process that affects the future of their organization on long term. At a particular time they have to decide what type of equipment they should commission into service so as to keep up with the progress of the society, to make profit for their company or to add more value to their current operations. Since they no longer consider their decisions on the acquisition cost as being the main cost driver, they have become more and more interested in pointing out both the total cost of ownership and the main challenges they will have to face with so as to manage the total cost.
Journal: Defense Resources Management in the 21st Century
- Issue Year: 7/2012
- Issue No: 7
- Page Range: 420-425
- Page Count: 6
- Language: English