Estimating through-life cost (TLC) is an area that iscritical to many industrial sectors, and in particular, within thedefense and aerospace where products are complex and have extendedlife cycles. One of the key problems in modeling the costof these products is the limited life-cycle...

Life Cycle Cost (LCC) is important information that is useful for decision making affecting complex engineering systems with extended life. Uncertainty in the estimation of LCC, especially in the early concept and definition stage, has great influence on the robustness of such decisions....

Availability-based contracts which provide customers with the use of assets such as machines, ships, aircraft platforms or subsystems like engines and avionics are increasingly offered as an alternative to the purchase of an asset and separate support contracts. The cost of servicing a durable...