Contents

• Introduction
• Life cycle costing
• Literature review - Life Cycle Costing
• Life Cycle cost and measuring the environmental impact
• All encompassing strategy
• Environmental Product - Lifecycle Management
• Conclusion
• References

Description

Life cycle costing can be defined as a technique which aims in determining the entire cost that occurs while acquiring, operating, maintaining and disposing any item that is purchased. It is a costing approach that is mainly concentrating on the entire costs that occurs along the value chain that would be occurring or generated throughout the life of any give product. (Garrison, Noreen, Chiseled, Carrol, 2001). This paper begins with the back ground of the life cycle costs and then identifies the environmental issues could be integrated in to the life cycle costing methods. It also examines the various approaches to the life cycle accounting and examine whether any of them are contributing to the performance of the organization through the systematic integration of the environmental factors. The details of how the life cycle costing methods could be improved in order to effectively manage the environmental issues and their associated costs are also analyzed