The Life Cycle Cost (LCC) and Life Cycle Profit (LCP) analysis is a systematic approach aimed at calculating the costs, profits and profitability of an investment over its entire life span. At present, many companies such as VTT Automation are finding that this tool is very valuable during the design phase of a project in order to determine the most cost-effective solutions before substantial costs are incurred.
|Number of pages||2|
|Journal||Pulp and Paper Europe|
|Publication status||Published - Jan 2002|
|MoE publication type||A1 Journal article-refereed|
- decision making
- life cycle
- cost benefit analysis