Review article: An Introduction to Aircraft Life-Cycle and Integrated Support Management by James C. Downing, CPL. Review the MGMT 440 Module 2 PowerPoint specifically pay attention to Life Cycle Costs (cradle to grave) or Total Ownership Cost (TOC). Respond to the following:
- Describe the four types of life cycle cost.
- Explain why we must consider the ownership cost in our planning and customer service programs.
- Of the four types of life cycle costs what one is the most expensive? Explain why.
- Pick an end product of your choice (aircraft, ship, truck, car, tank, etc.) and provide justification for your answer to number three question above.
- Complet a two page paper answering the above statements and include a referense page.