Contemporary issues in HIM. Costs of ownership.
Cost of ownership includes (among others) initial cost, cost of operation, cost of maintenance, and cost of training. Two important components of initial cost are the cost of design and the cost of manufacturing. In this article, we have looked at how factors other than initial cost affect the total cost of ownership of a product. We also discussed how trade-offs can affect performance and cost. Before making any decision on purchasing a complicated new system, the user needs to evaluate the total cost of ownership to determine which product to buy. Unfortunately, it is not always easy to find all the information needed to make these decisions.
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D003199:Computer Systems / Q000191:economics*; D003365:Costs and Cost Analysis; D010067:Ownership / Q000191:economics*; D014481:United States