Life Cycle Cost Analysis

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So, there's the life-cycle assessment, which is the one that includes the environmental and all of those issues as well as the cost, and then there's the life-cycle cost analysis, LCCA, which is really focused mostly on that idea of the first cause plus that longterm cost, all the maintenance and replacement and everything. So, the question is, how long a timeline are we looking at, and how are we gonna weight these issues in terms of what is the most important for this situation? So, this is a constantly ever-changing thing 'cause you're trying to figure out how it fits to your specific project, but that concept of the timeline, of understanding it not just from a first-cost but this longtime way of thinking of it, but that there are also other costs than just the dollar cost, that concept of those different ways of thinking about how we make these decisions is important for the exam and you should really make sure you feel comfortable with those terms.

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