Abstract
AbstractAlthough product development specialists typically consider product costs in a specific portion of a project, they often ignore the full costs associated with the entire life cycle, which includes maintenance and disposal. One of the key aspects of systems engineering is an integrated, full life cycle orientation to product development. When one considers the value of a system using a systems engineering approach, one needs to consider both the technical characteristics of the system as well as the system cost. The financial aspect of the system is one of several key constraints in the design phase of the systems engineering process. Life cycle cost (LCC) analysis, used as an evaluation tool, helps identify the preferred design approach.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
