ABSTRACT
The purpose of Life Cycle Cost Analysis (LCCA) is to evaluate the overall costs of alternatives for an entity and identify the one that will result in the lowest overall cost of ownership of comparable quality and functionality. During decision-making process, different stakeholders in an organization have conflicting interests (project manager, production, stakeholders, accounting, etc.). LCCA is a strategic tool for synchronizing the aforementioned divisional conflicts, acting on facts, timing, and money. Also, LCCA helps to assess the impact on the environment from a sustainability perspective.
