EVALUATING TOTAL COST OF OWNERSHIP BASED ON SYSTEM DESIGN

摘要

A method and system for evaluating total cost of ownership (TCO) associated with a system is described. The method includes identifying a plurality of system elements. The identification of the plurality of system elements is based on user inputs and relationship between each of the plurality of system element. The method further includes identifying demand characteristics associated with each of the plurality of system elements. The method also includes associating a cost with each of the plurality of system elements based on the identified demand characteristics. The cost includes a direct cost and an indirect cost. Further, the method includes evaluating the TCO associated with the system. The TCO is evaluated by summing up the direct and indirect cost associated with the each of the plurality of system elements throughout a lifecycle of each of the system elements over a lifetime thereof.