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Total cost of ownership

Index Total cost of ownership

Total cost of ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. [1]

37 relations: Activity-based costing, American National Standards Institute, Bond market, Brigham Young University, Capital expenditure, Car, Corporate title, Cost to company, Depreciation, Downtime, Ecological economics, Economic value added, Environmental full-cost accounting, Fuel, Funding, Gartner, Insurance, Internal rate of return, Investment, Maintenance (technical), Management accounting, Methodology, Operating cost, Operating expense, Opportunity cost, PC migration, Product life-cycle management (marketing), Profit (accounting), Return on investment, Social cost, Software, Total benefits of ownership, Total cost, Total cost of acquisition, Transport, Vendor lock-in, Whole-life cost.

Activity-based costing

Activity-based costing (ABC) is a costing methodology that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to the actual consumption by each.

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American National Standards Institute

The American National Standards Institute (ANSI) is a private non-profit organization that oversees the development of voluntary consensus standards for products, services, processes, systems, and personnel in the United States.

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Bond market

The bond market (also debt market or credit market) is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market.

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Brigham Young University

Brigham Young University (BYU, sometimes referred to colloquially as The Y) is a private, non-profit research university in Provo, Utah, United States completely owned by The Church of Jesus Christ of Latter-day Saints (LDS or Mormon Church) and run under the auspices of its Church Educational System.

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Capital expenditure

Capital expenditure or capital expense (capex) is the money a company spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land.

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Car

A car (or automobile) is a wheeled motor vehicle used for transportation.

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Corporate title

Corporate titles or business titles are given to company and organization officials to show what duties and responsibilities they have in the organization.

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Cost to company

Cost to company (CTC) is a term for the total salary package of an employee, used in countries such as India and South Africa.

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Depreciation

In accountancy, depreciation refers to two aspects of the same concept.

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Downtime

The term downtime is used to refer to periods when a system is unavailable.

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Ecological economics

Ecological economics (also called eco-economics, ecolonomy or bioeconomics of Georgescu-Roegen) is both a transdisciplinary and an interdisciplinary field of academic research addressing the interdependence and coevolution of human economies and natural ecosystems, both intertemporally and spatially.

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Economic value added

In corporate finance, economic value added (EVA) is an estimate of a firm's economic profit, or the value created in excess of the required return of the company's shareholders.

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Environmental full-cost accounting

Environmental full-cost accounting (EFCA) is a method of cost accounting that traces direct costs and allocates indirect costs by collecting and presenting information about the possible environmental, social and economical costs and benefits or advantagesin short, about the "triple bottom line"for each proposed alternative.

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Fuel

A fuel is any material that can be made to react with other substances so that it releases energy as heat energy or to be used for work.

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Funding

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company.

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Gartner

Gartner, Inc. is a global research and advisory firm providing insights, advice, and tools for leaders in IT, Finance, HR, Customer Service and Support, Legal and Compliance, Marketing, Sales, and Supply Chain functions across the world.

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Insurance

Insurance is a means of protection from financial loss.

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Internal rate of return

The internal rate of return (IRR) is a method of calculating rate of return.

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Investment

In general, to invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development.

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Maintenance (technical)

The technical meaning of maintenance involves operational and functional checks, servicing, repairing or replacing of necessary devices, equipment, machinery, building infrastructure, and supporting utilities in industrial, business, governmental, and residential installations.

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Management accounting

In management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions.

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Methodology

Methodology is the systematic, theoretical analysis of the methods applied to a field of study.

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Operating cost

Operating (Operational) costs are the expenses which are related to the operation of a business, or to the operation of a device, component, piece of equipment or facility.

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Operating expense

An operating expense, operating expenditure, operational expense, operational expenditure or opex is an ongoing cost for running a product, business, or system.

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Opportunity cost

In microeconomic theory, the opportunity cost, also known as alternative cost, is the value (not a benefit) of the choice in terms of the best alternative while making a decision.

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PC migration

PC migration is the process of transferring the entire user environment (e.g. personal documents and settings) between two computer systems.

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Product life-cycle management (marketing)

Product life-cycle management (PLM) is the succession of strategies by business management as a product goes through its life-cycle.

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Profit (accounting)

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business).

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Return on investment

Return on investment (ROI) is the ratio between the net profit and cost of investment resulting from an investment of some resource.

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Social cost

Social cost in economics is the sum of the private costs resulting from a transaction and the costs imposed on the consumers as a consequence of being exposed to the md's transaction for which they are not compensated or charged.

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Software

Computer software, or simply software, is a generic term that refers to a collection of data or computer instructions that tell the computer how to work, in contrast to the physical hardware from which the system is built, that actually performs the work.

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Total benefits of ownership

Total benefits of ownership (TBO) is a calculation that tries to summarise the positive effects of the acquisition of a plan.

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Total cost

In economics and cost accounting, total cost (TC) describes the total economic cost of production and is made up of variable costs, which vary according to the quantity of a good produced and include inputs such as labor and raw materials, plus fixed costs, which are independent of the quantity of a good produced and include inputs (capital) that cannot be varied in the short term, such as buildings and machinery.

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Total cost of acquisition

Total cost of acquisition (TCA) is a managerial accounting concept that includes all the costs associated with buying goods, services, or assets.

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Transport

Transport or transportation is the movement of humans, animals and goods from one location to another.

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Vendor lock-in

In economics, vendor lock-in, also known as proprietary lock-in or customer lock-in, makes a customer dependent on a vendor for products and services, unable to use another vendor without substantial switching costs.

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Whole-life cost

Whole-life cost, or Life-cycle cost (LCC), refers to the total cost of ownership over the life of an asset.

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Redirects here:

Cost of ownership, Costs of ownership, TCO costs, Total Cost of Ownership, Total cost of 0wnership, Total cost of operation, Total cost of operations.

References

[1] https://en.wikipedia.org/wiki/Total_cost_of_ownership

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