Product life cycle cost analysis forms an important part of product life cycle management.
This is a technique for comprehensive assessment of the product costs from the
product idea stage to termination of its life cycle. This makes it possible to analyse product
costs throughout the various stages of its life span, as well as the interaction between the
cost elements with a view to identify an optimal choice for the product variant in terms of
cost. Incorporating life cycle costs as a parameter into the product development process
(systems, facilities, projects) facilitates the development of cost-effective products that are
interesting for the buyer both in terms of the purchasing price and in terms of operational
and logistical costs as well as recycling or disposal costs.
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results of the analysis, how the necessary corrective measures will be initiated, etc.