| Title |
Life Cycle Costing: Understanding How It Is Practised and Its Relationship to Life Cycle Management-A Case Study |
| ID_Doc |
17674 |
| Authors |
Kambanou, ML |
| Title |
Life Cycle Costing: Understanding How It Is Practised and Its Relationship to Life Cycle Management-A Case Study |
| Year |
2020 |
| Published |
Sustainability, 12, 8 |
| DOI |
10.3390/su12083252 |
| Abstract |
Despite the existence of many life cycle costing (LCC) methods, LCC is not widely adopted and LCC methods are usually further tailored by practitioners. Moreover, little is known about how practising LCC improves life cycle management (LCM) especially if LCM is considered emergent and constantly developing. In a manufacturing company, LCC is prescriptively introduced to improve LCM. In the first part, this study describes how various methodological choices and other aspects of practising LCC were the outcome of contestation and conformity with extant practices and not only the best way to fulfil the LCC's objective. This contestation can even influence if LCC is adopted. In the second part of the research, the implications of practising LCC on LCM are explored. LCC is found to positively propel LCM in many ways e.g., by spreading the life cycle idea, but may lead to a narrower understanding of the term life cycle resulting in the sustainability focus of LCM being overridden. The article also discusses how the findings can be taken into consideration when researchers develop LCC methods and when industry practises LCC. |
| Author Keywords |
product-service systems; servitization; performativity; life cycle engineering; cost accounting; sustainability; research and development; R&D; total cost of ownership; barriers |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000535598700185 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Sciences; Environmental Studies |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
https://www.mdpi.com/2071-1050/12/8/3252/pdf?version=1588073159
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