Life-cycle assessment (LCA) is a systematic method that takes a full life-cycle approach to evaluate the environmental benefits and burdens from the production, transportation, use, and end of life of goods and services. Life-cycle costing (LCC) or a life-cycle cost assessment (LCCA) also employs a life-cycle approach, but applies it to the direct monetary costs from a product or service from production through transport, use, and end of life and does not include environmental impacts.
Question:
What is the difference between LCA and LCCA? Our clients often ask for LCA when they really want Life-Cycle Cost Analysis.
