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Life-cycle cost analysis. Life-cycle cost analysis (LCCA) is an economic analysis tool to determine the most cost-effective option to purchase, run, sustain or dispose of an object or process. The method is popular in helping managers determine economic sustainability by figuring out the life cycle of a product or process.
Sustainable energy. Green building (also known as green construction, sustainable building, or eco-friendly building) refers to both a structure and the application of processes that are environmentally responsible and resource-efficient throughout a building's life-cycle: from planning to design, construction, operation, maintenance ...
Whole-life cost. Whole-life cost is the total cost of ownership over the life of an asset. [1] [clarification needed] The concept is also known as life-cycle cost (LCC) or lifetime cost, [2] and is commonly referred to as "cradle to grave" or "womb to tomb" costs. Costs considered include the financial cost which is relatively simple to ...
The concept of life cycle analysis evolved since the concept was initially considered in the 1970s and 1980s, [3] when life cycle studies focused on the quantifying the energy and raw resources used by a building, and the load on the sewerage and sanitation systems imposed by waste generated in the building, during the operational life of the structure.
An American National Standard entitled APPA 1000 – Total Cost of Ownership for Facilities Asset Management incorporates BIM to factor in a variety of critical requirements and costs over the life-cycle of the building, including but not limited to: replacement of energy, utility, and safety systems; continual maintenance of the building ...
ISO 15686. ISO 15686 is the in development ISO standard dealing with service life planning. It is a decision process which addresses the development of the service life of a building component, building or other constructed work like a bridge or tunnel. Its approach is to ensure a proposed design life has a structured response in establishing ...
Illustration of the general phases of a life cycle assessment, as described by ISO 14040. Life cycle assessment (LCA), also known as life cycle analysis, is a methodology for assessing environmental impacts associated with all the stages of the life cycle of a commercial product, process, or service. For instance, in the case of a manufactured ...
Demolition of these buildings requires new expenditures of energy to generate new building materials and to assemble them on a cleared site. Additionally, modern building systems have high life-cycle costs and operational energy costs associated with them whereas traditional masonry and stone buildings are more climate responsive. [20]