Life cycle costing as a method of procurement: A framework and example

Norman B. McEachron, Douglas C. Hall and L.Floyd Lewis

Energy, 1978, vol. 3, issue 4, 461-478

Abstract: Life cycle costing (LCC) is one of a number of procurement incentives being considered by civilian government agencies to improve the cost-effectiveness and technological quality of procured products and systems. A framework for selection of products or systems, industries, and agencies to which LCC is appropriate is presented. The LCC procurement of home appliances by the General Services Administration (GSA), assisted by the Experimental Technology Incentives Program (ETIP), illustrates the development of this framework and the dollar benefits obtainable from LCC procurement. The example also reveals the importance of prior assessment and ongoing evaluation to implement and improve LCC procurement methods.

Date: 1978
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0360544278900075
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:3:y:1978:i:4:p:461-478

DOI: 10.1016/0360-5442(78)90007-5

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().