Abstract
AbstractRecent years have seen advancements in the development and use of life‐cycle assessment (LCA) analytic techniques. Although these techniques have highlighted the power of LCA to identify the environmental consequences of a product system through its entire life cycle, they have also highlighted a major shortcoming of LCA—the lack of cost information. Because companies make daily decisions that involve trade‐offs between economics and the environment, including cost information in LCA is critical for advancing its use as an overall environmental decision‐making tool. This article outlines the current state of LCA methodology development, defines key life‐cycle cost assessment terms and concepts, and evaluates existing cost assessment techniques with the objective of building an integrated life‐cycle cost assessment tool.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
