What is Lowest Life Cycle Cost Methodology?
Lowest Life Cycle Cost Methodology (LLCC) is a method of asset preservation. It includes taking regular preventative maintenance measures to avoid more costly repairs throughout an asset’s useful life. During the development of the plan framework the expert panel gathered information on how this methodology is applied in other modes of transportation and by other industries. They found that the principals behind LLCC mirror those behind a preventative maintenance program. For the transit industry, the Expert Panel defined LLCC through the following methodology statement: Lowest Life Cycle Cost (LLCC) methodology is demonstrated by a cost model that reflects each agency’s policies & standards in a planned preventative/preservation maintenance program resulting in the lowest maintenance costs over the life of an asset. This methodology ensures that an asset is maintained at an acceptable condition maximizing safety and useful life. Which assets are included? The asset management plan cov
