What Is Cycle Billing?

In the international standard IEC 60300-3-3: 2004, the life-cycle cost is defined as the cumulative cost of a product throughout its life-cycle ^[1] .

Life cycle cost

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In the international standard IEC 60300-3-3: 2004, the life-cycle cost is defined as the cumulative cost of a product throughout its life-cycle ^[1] .

In the "Defense Acquisition Abbreviations and Glossary" published by the U.S. Department of Defense in 2012, it is defined as: for defense acquisition projects, life cycle costs include research and development costs, investment costs, use and support costs throughout the project life cycle And waste disposal costs ^[2] .