"Whole life cost" refers to the total cost of owning an asset over its entire lifespan. This includes the initial purchase price, maintenance costs, operational costs, and disposal costs at the end of its life. The term is often used in financial contexts, particularly in industries like construction, engineering, and public policy. It emphasizes the importance of considering not only the upfront investment but also the long-term financial implications of an asset.
The term is relatively common in professional and academic contexts, particularly in discussions involving budgeting, project management, and economic assessments. It is used more in written reports and documents than in casual spoken conversations.
The committee decided to approve the new bridge project after evaluating the whole life cost.
Translation: Комитет решил утвердить новый проект моста после оценки полной стоимости жизни.
In evaluating large investments, companies often focus on the whole life cost to ensure long-term savings.
Translation: При оценке крупных инвестиций компании часто обращают внимание на полную стоимость жизни, чтобы обеспечить долгосрочную экономию.
The whole life cost of electric vehicles is becoming more favorable compared to traditional cars.
Translation: Полная стоимость жизни электрических автомобилей становится более выгодной по сравнению с традиционными автомобилями.
The phrase "whole life cost" does not have many idiomatic expressions or common phrases associated with it due to its technical nature. However, similar concepts related to costs and investments can be expressed in idiomatic ways.
It's important to get the most bang for your buck when considering the whole life cost of an investment.
Translation: Важно получить максимальную пользу от своих денег при рассмотрении полной стоимости жизни инвестиции.
You should look beyond the price tag if you want to understand the whole life cost of a car.
Translation: Вам следует посмотреть дальше ценника, если вы хотите понять полную стоимость жизни автомобиля.
Don't throw good money after bad; evaluate the whole life cost before jumping into a new project.
Translation: Не выбрасывайте хорошие деньги на плохое; оцените полную стоимость жизни, прежде чем начинать новый проект.
The term "whole life cost" is a compound of three words: - "Whole": From Old English "hal," meaning "entire." - "Life": From Old English "lif," meaning "the condition of living." - "Cost": From Latin "costa," meaning "price or expense."
The combination of these terms highlights the comprehensive financial consideration of an asset over its complete life cycle.