Life cycle costing (LCC) is a method used to assess the total cost of ownership of an asset, project, or product by considering all costs incurred throughout its life span—from acquisition and operation to maintenance and disposal. Unlike traditional cost analyzes that focus only on initial investment, LCC provides a more comprehensive evaluation that supports long-term decision-making and sustainable practices (Woodward, 1997). It is widely applied in construction, manufacturing, defense, and infrastructure sectors to optimize value over time. According to ISO 15686-5:2017, LCC plays a critical role in sustainable asset management by helping stakeholders compare alternatives not just on upfront costs but on total lifecycle performance (Kirk & Dell’Isola, 1995).