Additional uses for life cycle costing in life cycle management

Abstract

Apart from using Life Cycle Costing (LCC) to compare the cost of alternatives or identify hotspots and uncertainties, this article presents and analyses three additional uses for LCC in Life Cycle Management (LCM). LCC can help identify improvement areas in information systems, support the creation and sharing of knowledge and highlight tensions and mismatches in financial incentives internal and external to the company. These uses were identified when employing LCC to improve the LCM of Product-Service Systems (PSS) at a large industrial manufacturer. Although generally applicable, these uses are especially relevant for LCM of PSS. © 2020 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/3.0/). Peer-review under responsibility of the scientific committee of the 27th CIRP Life Cycle Engineering (LCE) Conference.

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