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Life Cycle Cost Analysis as Decision Support Tool in Chemical Process Development
Author(s) -
Sell Ina,
Ott Denise,
Kralisch Dana
Publication year - 2014
Publication title -
chembioeng reviews
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.089
H-Index - 22
ISSN - 2196-9744
DOI - 10.1002/cben.201300007
Subject(s) - life cycle costing , sustainability , production (economics) , life cycle assessment , risk analysis (engineering) , process (computing) , portfolio , chemical process , process development , computer science , activity based costing , biochemical engineering , process management , management science , operations management , engineering , business , economics , ecology , chemical engineering , biology , macroeconomics , operating system , finance , marketing
Today, it is common sense that environmentally benign chemical production processes are needed as the basis for future competitiveness and long‐term sustainability. Decision support in the development of such processes can be provided by life cycle assessment. New technologies, however, can be established only if they lead to cost‐efficient production processes as well. Life cycle costing analyses provide an appropriate methodological basis linking the cost‐side evaluation of alternative options during the process development with environmental decision criteria. The results of both methods can be combined in an eco‐portfolio. In summary, development of both ecologically and economically efficient processes can thus already be supported in the early design phase of the chemical processes.