Elinkaarihinnalla
Elinkaarihinnalla is a Finnish term that translates to "life cycle cost" in English. It refers to the total cost of a product or service over its entire lifespan, from initial acquisition to disposal. This concept encompasses not only the purchase price but also all associated expenses incurred during the usage period and at the end of life.
Understanding elinkaarihinnalla is crucial for making informed purchasing decisions, particularly in business and public procurement. It
For example, when purchasing a piece of machinery, the elinkaarihinnalla would include the purchase price, installation,
The principle of elinkaarihinnalla promotes sustainability and efficiency. By considering the full life cycle, users are