Relex Life Cycle Cost
	Relex Life Cycle Cost (LCC) software is a powerful tool that calculates the cost of your product over its lifetime. You may include many different types of costs such as design, production, warranty and repair, and disposal. Relex LCC software provides support for parametric, analogy, bottoms-up, and direct cost analysis types.

A Life Cycle Cost Analysis is a method of calculating the cost of a system over its entire life span.

The analysis of a typical system could include such costs as System Planning and Concept Design, Preliminary System Design Cost, Design and Development Costs, Product Costs, Maintenance Costs, and Disposal Costs. This type of life cycle assessment often uses values calculated from other reliability analyses like failure rate, cost of spares, repair times, and component costs. Relex automates a Life Cycle Cost analysis by making all of these calculated values available through its fully integrated interface.

A company could use a life cycle cost analysis to determine warranty costs, for instance. This type of life cycle assessment could be based on anticipated failures, repair times, and costs of repairs. Many companies are finding that a life cycle cost analysis is a valuable tool during the design phase of a project in order to determine the most cost effective solutions before substantial costs are incurred.