Equipment acquisition LCC approach

Authors

B S Chetty, Administrative Staff College of India
K N Krishnaswamy, Indian Institute of Management Bangalore

Document Type

Article

Abstract

The Life Cycle Costing (LCC) approach focuses attention on all funds to be expended during the useful life of a productive asset including associated activities directly linked to its use. LCC improves upon the procedure/evaluation criterion which is today totally biased towards short-term approach such as considering only first cost or price alone. The obvious benefits of the approach are discussed in detail in this paper for adaptation by organisations. However, the need for approriate data for applying this approach is also emphasised.

Recommended Citation

Chetty, B S and Krishnaswamy, K N (1991) "Equipment acquisition LCC approach," IIMB Management Review: Vol. 6: Iss. 1, Article 6.
Available at: https://research.iimb.ac.in/imr/vol6/iss1/6

Publication Date

12-1-1991

First Page

49

Last Page

67