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Cost of the Products’ Life Cycle

Author

Listed:
  • Corina-Graziella BÂTCĂ-DUMITRU

    (Bucharest University of Economic Studies)

  • Daniela-Nicoleta SAHLIAN

    (Bucharest University of Economic Studies)

  • Cleopatra ȘENDROIU

    (Bucharest University of Economic Studies)

Abstract

This article presents aspects regarding the total cost of possession, the costs that are part of it according to the property held, its calculation and the difference between this cost and the cost of the product’s life cycle, as well as the formulas related to the assessment of the cost of the product’s life cycle. The article also includes practical examples regarding the calculation of the cost of the product’s life cycle, and lastly, it captures the advantages and disadvantages of estimating it.

Suggested Citation

  • Corina-Graziella BÂTCĂ-DUMITRU & Daniela-Nicoleta SAHLIAN & Cleopatra ȘENDROIU, 2023. "Cost of the Products’ Life Cycle," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 4(3), pages 25-33, March.
    • Handle: RePEc:ahd:journl:v:4:y:2023:i:3:p:25-33
    DOI: 10.37945/cbr.2023.03.03
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    More about this item

    Keywords

    total cost of possession; cost of the product’s life cycle; LCC method; assessment; estimation of relevant costs;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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