Abstract: In some embodiments, a processor may receive user specific information about anticipated operating conditions for a product. The processor may receive historical information associated with historical operating conditions for the product and historical product performance associated with the historical operating conditions. The processor may simulate anticipated product performance based on the historical information and the anticipated operating conditions utilizing a digital twin simulation for the product. The processor may generate a predicted cost of ownership of the product based on the simulated anticipated product performance. The cost of ownership may incorporate costs of ownership of one or more components of the product.