Database research record2023·Malaysia
Conceptual Framework for Urban Farming (UF) Cost Components: The Application of Iceberg Total Cost of Ownership (TCO) Model
Puteri Sidrotul Nabihah Saarani, Siti Nur Aishah Mohd Noor, Zailawati Khalid2, Asniza Hamimi Abdul Tharim, Asmalia Che Ahmad, Norhafizah Abdul Rahman, Mohamad Haizam Mohamed Saraf
International Journal of Business and Technology Management
Urban Farm DB summary
This paper aimed to develop a conceptual framework for Life Cycle Cost (LCC) in the context of smart urban farming through an in-depth literature review. Employing the Iceberg Total Cost of Ownership (TCO) model, the conceptual framework for Smart UF LCC components was divided into acquisition cost and hidden cost. This framework assists in decision-making by providing a holistic view of the costs involved in a project or investment.