Life Cycle Costs
"The complete cost of purchasing, owning, running, and disposing of something over its entire lifespan. This includes how much energy or water or natural resources it requires to run it. Energy efficient or water efficient products have lower life cycle costs because although their up front or first cost is higher, the cost of operating is much lower due to less energy or water use, and they also tend to last longer."
From: Advanced Glossary (2013). SESP: Social Entrepreneurship Strategy Planning. Retrieved from: http://cms.sesp-project.eu/EN/index456a.html?id=67&tx_a21glossaryadvancedoutput_pi1[char]=all&cHash=e5075e35c2