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Whole Life Cycle Cost: a new approach

Author

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  • Pierre Mévellec

    (IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes)

  • Nicolas Perry

    (IRCCyN - Institut de Recherche en Communications et en Cybernétique de Nantes - Mines Nantes - Mines Nantes - ECN - École Centrale de Nantes - EPUN - Ecole Polytechnique de l'Université de Nantes - UN - Université de Nantes - UNAM - PRES Université Nantes Angers Le Mans - CNRS - Centre National de la Recherche Scientifique)

Abstract

The last few years have seen significant improvements in the concepts, methods and the general approaches to calculating costs. ABC, Target Costing, Strategic Cost Management, functional analysis and costing are mobilising attention. Regardless of which of these approaches we consider, it is always from the point of view of one player whose intention is to benefit from increased knowledge of costs in order to achieve an increased control over their value-chain and profit-margins. This self-centred vision is also present in the Product Life Cycle (PLC) costing or the cost of the PLC concept, which is firmly anchored in product marketing. We are of the opinion that this type of economic calculation no longer fits our current industrial systems, which are based on networks of partners contributing to R&D, manufacturing and services. The network of the organisations represents a growing complexity, necessitating even more complex costing and management methods than the recent innovations.

Suggested Citation

  • Pierre Mévellec & Nicolas Perry, 2006. "Whole Life Cycle Cost: a new approach," Post-Print hal-00476638, HAL.
    • Handle: RePEc:hal:journl:hal-00476638
    DOI: 10.1504/IJPLM.2006.011058
    Note: View the original document on HAL open archive server: https://hal.science/hal-00476638
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    References listed on IDEAS

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    1. Rafael Ramírez, 1999. "Value co‐production: intellectual origins and implications for practice and research," Strategic Management Journal, Wiley Blackwell, vol. 20(1), pages 49-65, January.
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    1. Bernard, A. & Perry, N. & Delplace, J.C., 2007. "Concurrent cost engineering for decisional and operational process enhancement in a foundry," International Journal of Production Economics, Elsevier, vol. 109(1-2), pages 2-11, September.

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