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Slide 1 - Lifecycle Costing (LCC) – An Overview
Lifecycle Costing (LCC) evaluates the total cost of ownership across an asset's entire lifecycle, including planning, installation, operation, maintenance, replacement, and decommissioning. It is particularly important in renewables like solar and wind to optimize long-term costs and shift focus from short-term savings to overall value.
Lifecycle Costing (LCC) – An Overview
- What is LCC? Evaluates total cost of ownership across asset lifecycle.
- Key Components: Planning, installation, operation, maintenance, replacement, decommissioning.
- Importance in Renewables: Optimizes long-term costs for solar/wind viability.
- Shifts focus from short-term minimization to long-term value optimization.
