Life Cycle Costing

Abstract

Life cycle costing (LCC) is applied as an assessment tool to estimate the entire cost of typically large-scale assets, for example, buildings and infrastructure objects with a considerably long serviceable life. LCC needs to consider and accumulate all types of cost, and since these occur at different times they are typically discounted to a common point in time. Environmental LCC is a specific type of LCC, which was designed to be aligned with the ISO 14040 standard for Life Cycle Assessment (LCA) and shares some key components with Environmental LCA to allow a consistent combination of both in one assessment. Societal LCC is another type of LCC, which includes externalities and attempts to provide a holistic assessment, thereby covering both economic and environmental aspects. For renewables, aspects such as feed-in tariffs and subsidies need to be considered in an LCC model. A case study for a combined heat and power plant is used to illustrate the application of Environmental LCC.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 24 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.