Integrating Life Cycle Costing (LCC) and Life Cycle Assessment (LCA) Model for Selection of Centralized Chilled Water Generation — Review Paper

Abstract

Abstract. This paper presents a review of literature relating to Life Cycle Costing (LCC) and Life Cycle Assessments (LCA) in Gas District Cooling plant. The gas district cooling plant uses either vapour compression process or absorption process for the chilled water generation. Both processes have impacts on the economic aspects as well as the contribution to CO2 emissions; thus, integration of the cost and environmental analysis of both processes are necessary. An extensive body of literature exists on both subjects, however, there is very limited number of available literature on the integration of LCC and LCA. The purpose of this review is to find the most suitable optimization model which can integrate the LCC and LCA to provide the best decision in choosing the most cost-effective and environment-friendly system. This review assesses the literature from thirtyfour journals, research papers, and case reports from the year 1995 to 2017. The result of this review shows that the goal programming methodology is the appropriate method for integrating LCC and LCA because it provides the optimal decision in choosing the most cost-effective, environmentfriendly system for the chilled water generation.

"Using Life Cycle Costing approach For Enhancing Sustainability In The Light Of Value Chain Requirements"

“…Including such factors as this will complicate the analysis without producing actual improvement in analysis outcomes. Including all factors in every analysis is frequently not progressive, in conducting an LCC, analysts should investigate all aspects of inclusion and clarify the motive for eliminating factors in simple terms, and LCC is an analysis technique that guides to better investment outcomes (Akbar and Mokhtar, 2017).…”

A Desk Study Based on SWOT Analysis: An Adaptation of Life Cycle Assessment (LCA) in the Pulp and Paper Industry

“…Life cycle assessment (LCA) is one of the techniques to assess and evaluate (sustainable) environmental impacts quantitatively by considering all aspects of resource use, environment, and product at various points in the life cycle [34][18][2] [35]. LCA is capable of effective analysis by connecting resources, environmental impact, and product system impact to the manufacturing process, hence yielding a process output that has the most significant change impact on the environment [36] [7].…”

Optimizing Energy Efficiency: An Integrated Life Cycle Costing Approach for Centralized Cooling Plants

“…In comparison to alternative frameworks that can fulfill similar requirements, LCC involves analyzing cash flow by calculating the difference between cash inflow and cash outflow associated with system acquisition and ownership. The study is conducted at the Gas District Cooling (GDC) plant, equipped with gas-turbine ships responsible for power production (Ahsan and Lemma, 2017;Akbar and Mokhtar, 2017), along with Electrical Chillers and TES tanks. Static parameters, selected either during installation or the feasibility study, serve as the foundation for predicting the monetary or cost aspects in current life cycle costing models.…”