eliniänkustannusanalyysi

Life-cycle cost analysis, or eliniänkustannusanalyysi in Finnish, is a method used to determine the total cost of an asset over its entire lifespan. This includes not only the initial purchase price but also all associated costs incurred during its use, maintenance, and eventual disposal. The purpose of this analysis is to provide a comprehensive understanding of the true economic implications of a particular investment or decision.

The components of a life-cycle cost analysis typically include acquisition costs, operating costs, maintenance and repair costs, and disposal costs. Acquisition costs encompass the initial purchase price, design, and installation. Operating costs are those incurred during the asset's use, such as energy consumption, labor, and consumables. Maintenance and repair costs cover routine servicing, unexpected repairs, and upgrades. Finally, disposal costs include expenses related to decommissioning, removal, and recycling or landfilling.

By considering all these factors, life-cycle cost analysis allows for more informed decision-making. It helps in comparing different options and selecting the one that offers the most economic advantage over its entire life, rather than just focusing on the initial purchase price. This approach is widely used in various fields, including construction, engineering, public procurement, and environmental management, to promote long-term sustainability and cost-effectiveness. It encourages the consideration of factors beyond immediate expense, leading to more robust and sustainable solutions.