Response to the following problem:
Total life-cycle costing at Renault
According to Renault, the French motor vehicle manufacturer; The life of a vehicle is long and comprises several phases: Design: Creating a vehicle Manufacturing: Extracting and producing materials, manufacturing and assembling the components, and then the whole vehicle Distribution: Transition between the vehicle's departure from the production plant and its purchase by a customer Vehicle service life: The use by the motorist, the longest phase Recycling. These phases make up the life cycle. Why the word ‘cycle'? Because the end of a vehicle's service life is factored in right from the design phase.