TCO (Total Cost of Ownership) is the overall cost of a product or service throughout its life cycle.

The
key components for this costs include

 Acquisition cost
 Ownership Cost
 Post Ownership Cost

Acquisition Cost

Acquisition cost refers to the all-in cost to purchase an asset. These costs include planning cost to find
supplier, shipping, sales taxes, and customs fees, as well as the costs of site preparation, installation, and
quality testing.

Ownership Cost

Ownership cost include both qualitative and quantitative cost like cost of production and service,
downtime cost, cycle time cost, risk associated with the product cost and wastage cost.

Post Ownership Cost

Post-ownership costs include all costs incurred by the firm after the finished product has reached the
end customer. These costs include depreciation cost, warranty costs, environmental costs, product
liability costs, and reputational costs