Total Product Life-Cycle Analysis and Costing

Life-cycle analysis forces long-range planning, total cost visibility, enables a better understanding among different system components, helps identify alternate designs, and allows for effective, environmentally conscious manufacturing procedures. This paper will highlight the phases of a product life-cycle and the associated, product based cost models and environmental assessment for each phase. With this breakout of costs and assessment, indices and measures will be discussed which aid to optimally determine the most favorable options in designing for total product life-cycle.