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Systems Modeling & Simulation Working Group

The following was compiled by members of the Systems Modeling & Simulation Working Group to provide the model-based systems engineering community with a common set of shared terms and definitions.

A-C | D-F | G-I | J-L | M-O | P-R | S-U | V-X | Y-Z

Terms & Definitions (J-L)


Term Definition Source
Life Cycle Cost (LCC) The total cost to the organization of acquisition and ownership of a system over its entire life. It includes all costs associated with the system and its use in the concept, development, production, utilization, support and retirement stages.
Life Cycle Model A framework of processes and activities concerned with the life cycle that may be organized into stages, which also acts as a common reference for communication and understanding. ISO/IEC 15288