life cycle costing pdf

Life cycle costing one of the most important considerations in developing a fleet replacement program is understanding the concept of lifecycle costs. Goal and scope aims to define how big a part of product life cycle will be taken in assessment and to what end will assessment be serving the criteria serving to system comparison and specific times are described in this step. The life cycle costing approach examined the economic aspect of the proposed design options for toys while the social assessment of the alternative designs revealed social impacts along the.
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Life cycle costing lcc method to evaluate the monetary costs involved with a product process or service over its lifetime. Every individual involved in the process of planning designing financing constructing and operating physical facilities related to the project under consideration gain different. While lca is typically applied to environmental sustainability an integrated life cycle approach can also be used to measure the social and economic impact life cycle costing lcc of products.

Life cycle costing lcc bzw lebenszykluskostenrechnung ist eine kostenmanagement methode die die entwicklung eines produktes von der produktidee bis zur rücknahme vom markt betrachtet produktlebenszyklus also von der wiege bis ins grab dabei sind nur die negativen zahlungsströme ausgaben von interesse die erlöse einnahmen werden vernachlässigt.

Life cycle costing pdf. Costs considered include the financial cost which is relatively simple to calculate and also the environmental and social costs which are more difficult to quantify and assign. In contrast lca focuses on environmental impacts. For instance in the case of a manufactured product environmental impacts are assessed from raw material extraction and processing cradle through the product s manufacture. The concept is also known as life cycle cost lcc or lifetime cost and is commonly referred to as cradle to grave or womb to tomb costs.

Phases in life cycle of a construction project are initiation planning execution performance and monitoring and closure phase of construction projects. Ozone depletion potential relative amount of degradation to the earth s ozone layer that a chemical compound can cause. The harvard life cycle costing policy and calculator was designed to aid harvard decision makers in considering all present and future costs related to new construction renovation equipment replacement or any other project that involves upfront and ongoing expenditures. As vehicles age certain costs such as maintenance and repairs tend to increase while other costs such as depreciation tend to decrease.

In this step inventory analysis gives a description of material and energy flows within the product system and. Whole life cost is the total cost of ownership over the life of an asset. Life cycle thinking is key to every aspect of sustainability. An lca study consists of four stages.

Life cycle assessment or lca also known as life cycle analysis is a methodology for assessing environmental impacts associated with all the stages of the life cycle of a commercial product process or service.