A DESIGN AND IMPLEMENTATION MODEL FOR LIFE-CYCLE COST MANAGEMENT-SYSTEM

Design-to-cost is a management philosophy that emphasizes the selectio n and design of a system based on minimizing life-cycle cost. In some instances, systems alternatives are evaluated using such analysis, but actual implementation of design-to-cost philosophy throughout the ent ire system life is an exception rather than the rule. Management's lac k of planning makes it difficult to implement this important philosoph y. This paper analyzes and identifies the issues and provides a framew ork for design and implementation of a life-cycle cost management syst em.