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| rdfs:label | - Total Cost of Ownership
- Total cost of ownership
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| rdfs:comment | - Total cost of ownership (TCO) is
- The Total Cost of Ownership (TCO) is a financial concept. The idea is that the initial price of something may not reflect its full cost. For instance, one appliance may be cheaper to purchase than another, but the supplies or maintenance required to keep it running may add up to a higher amount over time. Image:Wiki.png This article is a . You can help My English Wiki by expanding it!
- Total Cost of Ownership (TCO) or Cost of Ownership (COO) is a cost-benefit analysis used for comparing medical devices prior to purchase. TCO/COO is used by clinical engineer managers to assess both direct, indirect costs, and benefits associated medical devices over that medical device(s) life expectancy. The intention is to arrive at a final dollar value that will reflect the cost of purchase, installation, routine maintenance and operation, service contracts, hardware and software upgrades, as well as replacement parts and supplies, test equipment and tools, rentals and lease options, depreciation value, as well as initial technician and user training. When your organization is planning to replace a medical device you will go through a TCO/COO analysis: for example, the greater cost pri
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| abstract | - Total cost of ownership (TCO) is
- The Total Cost of Ownership (TCO) is a financial concept. The idea is that the initial price of something may not reflect its full cost. For instance, one appliance may be cheaper to purchase than another, but the supplies or maintenance required to keep it running may add up to a higher amount over time. Image:Wiki.png This article is a . You can help My English Wiki by expanding it! Other items may also change the TCO. For instance, one store may advertise the price of a refrigerator without including the cost to deliver and install it. One brand of cookware may break more easily and frequently than another.
- Total Cost of Ownership (TCO) or Cost of Ownership (COO) is a cost-benefit analysis used for comparing medical devices prior to purchase. TCO/COO is used by clinical engineer managers to assess both direct, indirect costs, and benefits associated medical devices over that medical device(s) life expectancy. The intention is to arrive at a final dollar value that will reflect the cost of purchase, installation, routine maintenance and operation, service contracts, hardware and software upgrades, as well as replacement parts and supplies, test equipment and tools, rentals and lease options, depreciation value, as well as initial technician and user training. When your organization is planning to replace a medical device you will go through a TCO/COO analysis: for example, the greater cost price of a low-end medical device might be one consideration, but that would have to be balanced by considering likely repair costs, parts, and supplies to be included within the purchase cost of the bargain brand. It can be estimated that the purchase price be approximately 20% to 25% of the TCO/COO.
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