Life cycle cost analysis allows organizations to examine systematically existing product attributes and the changes required to better meet customers’ product expectations. For example, Kreuze and Newell (1994) argued that a life cycle analysis may reveal that a product with a low acquisition cost but high operations, maintenance, environmental or disposal costs may be less desirable from a customer’s perspective than a competing product with a higher initial cost. HagelandRayport(1997)arguedthatfirmstailoringproductstomeettheircustomers’profilesarelikely to use life cycle cost analysis. Such an analysis allows firms to consider design, features, functionality, and other related factors as well as cost trade-offs required to keep products consistent with customer expectations and requirements as they evolve, and as their businesses change over time. In order to have