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LRIC
(redirected from Long Run Incremental Cost)

   Also found in: Financial, Wikipedia 0.01 sec.
AcronymDefinition
LRICLong Run Incremental Cost
LRICLong Range Infrared Camera
LRICLogical Record Identifier Code


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The Japanese government tried to implement the Long Run Incremental Cost (LRIC) method for determining interconnection rates at the Japan-US summit meeting prior to the Birmingham summit in 1998.
Key Highlights: * The regulator is flexing its muscle, issuing a decision in May 2009 to base the cost of terminating calls on the incumbent's fixed network on a bottom-up long run incremental cost pricing model.
In June 2001, the MPHPT revised the Telecommunications Business Law, requiring NTT East and West to set interconnection charges (a per-call fee paid by competitor carriers to route calls over NTT's local telephone network) that were "fair and justifiable in terms of cost," calculated according to a method chosen by the MPHPT, with the long run incremental cost (LRIC) system currently being used to determine these charges.
 
 
 
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