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Life Cycle Costing (LCC)

Life Cycle Costing (LCC) assesses the direct and indirect costs of a product or service. Indirect costs are for example new tools needed to use the product or parts that needs to be replaced or cleaned.

Themes

Material efficiency, see also circularity
Product quantity and quality
Industrial requirements
Labour in lifecycle
Monitoring, compliance & enforcement

Assessment type

Quantitative

Spatial focus of impact

General

Life Cycle

Cradle to grave

Technical Stage

Development
Commercial

Model data

Own model data
Adjustable default values

Open Access and method

Yes

English available

Yes

Geographical scale

Global
Local
Regional

Object: Product

Goal: Self-assessment; Product optimisation; Sustainable purchasing; Sustainable procurement

Motivation: Improvement

More information:
https://en.wikipedia.org/wiki/whole-life_cost

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