Total Cost of Ownership (TCO)
The full cost of an asset over its life, including purchase, installation, maintenance, energy and disposal.
Where in Maximo
Concept; Life-to-date Cost
At Riverbend P-101 cost $120,000 to buy but will cost far more over 25 years in energy and maintenance.
Related Terms
Verify in IBM Docs: Industry references (SMRP, ISO 55000) and Maximo Health / Predict docs