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This SAE Aerospace Recommended Practice (ARP) describes the concept of life cycle costing with emphasis on LCC techniques and applications as applied to the phases of the program cycle. These phases are: a Conceptual studies, research, development, test, and evaluation (RDT&E) b Investment, or procurement c Operating and support (O&S) or in-service d Disposal of systems, equipment, and services Cost elements, estimating techniques and other factors which have a bearing on LCCs are described; including use of cost estimating relationships (CER), simulation techniques, and "top-down"/"bottom-up" approaches.

This SAE Aerospace Recommended Practice (ARP) describes the concept of life cycle costing with emphasis on LCC techniques and applications as applied to the phases of the program cycle. These phases are: a Conceptual studies, research, development, test, and evaluation (RDT&E) b Investment, or procurement c Operating and support (O&S) or in-service d Disposal of systems, equipment, and services Cost elements, estimating techniques and other factors which have a bearing on LCCs are described; including use of cost estimating relationships (CER), simulation techniques, and "top-down"/"bottom-up" approaches.