ABSTRACT
Over the years, a large number of life cycle cost models have been developed that include both general and specific models [1,2]. No single life cycle cost model has been accepted as a standard model in the industrial sector. There could be many reasons for not having a standard model, including the inclinations of users, the nature of the problem, the existence of many different cost data collection systems, and many different types of equipment, devices, or systems. Nonetheless, irrespective of the types of models used in performing life cycle cost analysis, they all must be effective in representing equipment, systems, or subsystems, transparent and visible.
