Life cycle costing
Book chapter, 2015

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.

Combined heat and power plant

Societal LCC

Environmental life cycle costing

Life cycle costing

Case study

Public procurement

Allocation

Renewable energy

Author

Andreas Ciroth

GreenDelta GmbH

Jutta Hildenbrand

GreenDelta GmbH

Bengt Steen

Chalmers, Energy and Environment, Environmental Systems Analysis

Sustainability Assessment of Renewables-Based Products: Methods and Case Studies

215-228
9781118933916 (ISBN)

Subject Categories

Other Environmental Engineering

Environmental Management

Environmental Analysis and Construction Information Technology

DOI

10.1002/9781118933916.ch14

More information

Latest update

7/5/2021 8