What is the Life Cycle Assessment?

Life cycle costing is a technique that is used to assess environmental impacts that are linked with the product life stages from manufacturing to consumption that is from raw material acquisition to processing or manufacture, distribution, consumption, maintenance and repair (Epstein & Buhovac, 2014). It shows and some of the environmental concerns associated with the product life (Koroluk, 2012).

The purpose of my lifecycle assessment is to reduce the energy consumption of the lighting within my home by changing the light bulbs from CFL to LED. While, CFL are more efficient than the old traditional incandescent light bulbs, LED are more efficient and use less energy than both. Their initial cost is higher but will last longer and save more money in the long term. CO2e (Carbon dioxide emissions) during production, manufacturing, operating, and disposal are going to be analyzed. There are currently 10 CFL light bulbs within the house as discussed in assignment one. Each one of these would be replaced with a LED light bulb. The resources to produce and transport the LEDs and the resources required to dispose of CFLs need to be considered

A life cycle diagram helps businesses analysis their attempt to identify a set of commercial stages in the life of commercial products, for example, introduction, promotion, growth maturity and decline.

Environmental impact assessment (EIA) play an essential role for sustainability establishing. As Anzecc (1991) mentioned that EIA producers would take a responsibility for issues like improving the efficiency of the contribution made by making sustainability and environmentally decision, which means the government responsible for EIA process which have the power to recommend environmental conditions.

The infrastructure is not at present in place to permit efficient recycling of materials from old product to new. These materials include metal, polymers, refrigerant gas and glass. This situation is due largely to a culture of indifference from Governmental and regulatory agencies at present. The use of natural capital is unsustainable with the culture of supply of what the customer wants and not what they need, this is at present a cultural problem. This has a detrimental impact on the ecosystem.

Organisational life cycle is extremely important for an organisation to understand and to be able to apply it to each of the products or services that it provides.

However, The Upcycle goes way beyond this by suggesting the design of products that will not just give minimal impact to the environment, but give maximum beneficial impact to the environment. This means that it can decompose in the soil without giving off harmful chemicals, or it can be recycled completely.

the continual improvement of the environmental performance of our activities, products and services and prevention of pollution, which complies with the international ISO 14001 standard;

Life Cycle Costing (LCC) is an important economic analysis used in the selection of alternatives that impact both pending and future

There is need to proffer solutions to these aforementioned challenges through proper planning and implementation of growth driven policies. Life-cycle assessment (LCA) is a reliable technique that can be used for sustainable planning. Researchers in Brazil have applied LCA techniques in a number of sectors to provide reliable information for planning and policy making purposes. This paper reviews the various assessments carried out in Brazil using LCA. The main aim being to determine the availability of LCA studies in Brazil and the status of quantitative environmental assessments in the

The product life cycle concept derives from the phases through which a product undergoes, from its introduction, to its growth in the market, to the maturity it attains in that market, to the very last stage of declination. The

Product life cycle refers to the stages that a product. Changes in demand for the product is the factor that delineates the changes from one cycle to another (Daft & Sanders, 2012). The typical product life cycle has four identifiable stages;

Inventory analysis is the data collection portion of a LCA and includes a quantified list of all inputs and outputs involving the entire life cycle of the concerned system. LCI involves estimating the energy and materials consumed by the system, the energy efficiency of the system’s components, and the emissions to air, land, and water by variant processes and components of the system. The process of data collection is the most time-consuming and resource-intensive step of the LCA. The reuse of data from other studies can simplify the work; however, assuring the data are representative is essential. LCI can be utilized to discover improvement opportunities and determine life cycle stages that present the most and least detrimental impacts [4].

5.       Life-cycle assessment involves incorporating where the product or service is in its life-cycle into system-design decision-making. FALSE

Life Cycle Cost (LCC) is the total lifespan cost incurred by an organization in purchasing, installing, operating, maintaining, and disposing off any equipment used in daily operations of the firm. In regard to this, estimation of LCC encompasses using a particular approach in identifying and quantifying components of an LCC equation (Pehnt, 2006). The use of LCC as an assessment tool when selecting possible design alternatives results in the provision of a cost-effective solution within limits of available data. In addition, a standard LCC comprises initial and operation costs, installation and commissioning costs, energy costs as well as disposal costs among others.