Life Cycle Costing for Sustainability

Life Cycle Costing for Sustainability

Mustafa Üç, Cemal Elitaş
ISBN13: 9781799812104|ISBN10: 1799812103|EISBN13: 9781799812111
DOI: 10.4018/978-1-7998-1210-4.ch051
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MLA

Üç, Mustafa, and Cemal Elitaş. "Life Cycle Costing for Sustainability." Waste Management: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2020, pp. 1138-1149. https://doi.org/10.4018/978-1-7998-1210-4.ch051

APA

Üç, M. & Elitaş, C. (2020). Life Cycle Costing for Sustainability. In I. Management Association (Ed.), Waste Management: Concepts, Methodologies, Tools, and Applications (pp. 1138-1149). IGI Global. https://doi.org/10.4018/978-1-7998-1210-4.ch051

Chicago

Üç, Mustafa, and Cemal Elitaş. "Life Cycle Costing for Sustainability." In Waste Management: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 1138-1149. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-1210-4.ch051

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Abstract

Life cycle costing supports sustainability by stressing the costs not only in the production and selling phases but also considering the costs which are incurred after the sale of the products. This chapter reveals main characteristics of life cycle costing as follows: Life cycle costing also includes production costs which are; (a) research and development costs, (b) marketing, selling, distribution and design costs, (c) and also user costs. User costs have three dimensions: transaction costs, maintenance costs, and disposal costs. Therefore one can simply assert that life cycle costing has a broader approach in the calculation of the costs compared to other conventional costing systems. After introducing the main characteristics and basic definitions of life cycle costing, this chapter will discuss the implementation of life cycle costing in comparison with other conventional costing systems. Following this, we will analyze the link between life cycle costing, waste management and sustainability. Overall review will be done in the conclusion.

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