Life-Cycle Costing

Life-Cycle Costing

Life-cycle costing (LCC) is an accounting method that considers the total cost of a product throughout its life cycle, from raw material extraction to end-of-lifes disposal. This helps businesses make informed decisions about production, pricing, and sustainability, promoting the use of durable and high-quality products.

VET: Why should we think about all the costs of making, using, and throwing away a product?

HEI: How can life cycle costing support sustainability initiatives and improve decision-making in a fashion system?