Life Cycle Costing
LCC is a technique for determine all cycle costs of a product, service or process, in order to compare different competing alternatives and find the most effective solution. It considers all the life pahse of prodcuts/processes fron R&D activites to disposal
Cost Analysis: the Iceberg principle
LCC for decision making
In the framework of LCM,LCC can be used as a management decision tool for harmonizing the never ending conflicts by focusing on quantitative data for evaluating opportunities, acquiring knowledge of facts, money and time issues towards the goal (economic) sustainability of process, products, projects.
LCC as part of Eco-design