life-cycle cost analysis
Defined in 1 dictionary — U.S. Code
United States Code
23 U.S.C. § 106 — in this section (4 versions over time)
In this subsection, the term “life-cycle cost analysis” means a process for evaluating the total economic worth of a usable project segment by analyzing initial costs and discounted future costs, such as maintenance, user costs, reconstruction, rehabilitation, restoring, and resurfacing costs, over the life of the project segment.