Comprehensive environmental assessment of a chemical product
 
Eco-efficiency analysis of products or processes
 
Handling and reporting environmental information
 
How to perform an LCA
 
How to perform an LCC
Background
Working procedure
Experiences
 
How to perform an EPD
 
How to perform application specific ERA
 
Material declaration and recycling description
 
Policy controlled environmental management
 
Product Stewardship implementation
 
Basing environmental arguments on ISO/TS 14048 documented facts
 
Strategy for producing environmental information formats
 
Strategy for steering environmental work within SCA
 
Strategy for the use of LCA within SCA
 

How to perform an LCC

The aim of this strategy is to give practical advice on how to conduct an LCC study. The strategy is based on experiences from ABB.

Background

Printable version of strategy

LCC is a method to analyze the total cost of acquisition, operation, maintenance, and support of a product/system/service throughout its useful life, and including the cost of disposal. This LCC analysis can provide important inputs in the decision making process, for example;

  • evaluation and comparison of alternative design approaches; 
  • assessment of economic viability of projects/products; 
  • identification of cost drivers and cost effective improvements;  
  • evaluation and comparison of alternative strategies for product use, operation, test, inspection, maintenance, etc.; 
  • evaluation and comparison of different approaches for replacement, rehabilitation/life extension or retirement of ageing facilities; 
  • allocation of available funds among the competing priorities for product development/improvement; 
  • assessment of product assurance criteria through verification tests and its trade-off

R&D and marketing & sales personnel are the main target groups for this strategy. R&D personnel, marketing & sales department as well as customers benefit from the result of using LCC.

 

Working procedure