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PIARC (World Road Association), founded in 1909 and comprising 125 member governments from all over the world, is the global forum for exchange of knowledge and experience on roads, road transport policies and practices. With consultative status to the Economic and Social Council of the United Nations, the Association is contributing to a stable and sustainable global development of the road and transport sector.

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  4. Term of the Dictionary | whole-of-life cost

Term of the Road Dictionary

whole-of-life cost

  • Language : PIARC Road Dictionary / English
  • Theme : Financial and Legal Tools Finance and Procurement Economics and Finance
  • Definition : All significant and relevant initial and future costs of an asset throughout its life cycle (acquisition, operation, maintenance, and disposal), while fulfilling the performance requirements. Note: costs are calculated according to a common reference called "net present cost".
  • Abbreviation : WLC
  • Synonyms : life cycle cost / lifetime cost

Lebenszykluskosten

  • Language : PIARC Road Dictionary / German
  • Theme : Finanz- und Rechtsinstrumente Finanzen und Vergabewesen Betriebswirtschaft und Finanzen
  • Definition : Alle wichtigen und relevanten Anschaffungskosten und zukünftigen Ausgaben für eine Einheit über ihren Lebenszyklus (Anschaffung, Betrieb, Erhaltung und Entsorgung), wenn die Leistungsanforderungen erfüllt werden. Anmerkung: die Kosten werden üblicherweise auf Basis "Netto-Kapitalwert" berechnet.