What is life-cycle savings and what is the difference, Electrical Engineering

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What is life-cycle savings and what is the difference

1. What is cost levelizing and what is its importance?

2. What is depreciation and what is its impact in economic calculations?

3. Define the life-cycle cost and explain how life-cycle cost analysis is performed.

4. What is life-cycle savings and what is the difference between life-cycle cost and life-cycle savings with regard to the manner in which the economic analysis is performed?

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