This website provides information about Life Cycle Cost (LCC) analysis, and how it relates to reliability and maintainability (RAM) software and analyses.

Life Cycle Cost (LCC) analysis is a method of analyzing the cost of a system or a product over its entire lifespan. LCC enables you to define the elements included in the lifespan of a system or product, and assign equations to each element. These equations represent the calculation of the cost of that particular element.

The objective of performing a LCC analysis should be to choose the most cost-effective approach for using available resources over the entire lifespan of the product or system. The LCC provides a systematic process for evaluating and quantifying the cost impacts of alternate courses of action. It can be used to support trade-off analysis between several product design configurations, or as a measure of sensitivity of a specific product design to changes in selected performance parameters (such as reliability, maintainability, and testability). Product quality can affect the distribution of costs between up-front program/manufacturing costs and field operation and repair costs. Higher quality products can minimize associated scrap and rework costs.

Relex Software Corporation produces software that enables users to easily perform LCC analyses on complex products or systems. Relex Software is a leader in R&M (Reliability and Maintainability) software analysis tools. We specialize in software, training courses, and seminars covering all aspects of reliability engineering. Our products are used by thousands of engineers worldwide in a variety of businesses.

Please visit the Links page for more online information about the Relex Software visual reliability software modules, and about LCC analyses in general.

If you are a Relex user, thank you for your support. If you are evaluating our software for future use, we hope to welcome you soon to RELiability EXcellence with Relex.

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