Life-Cycle Cost Analysis of Infrastructure Projects

Reddy, V. Ratna and Kurian, Mathew, "Life-Cycle Cost Analysis of Infrastructure Projects" in Governing the Nexus: Water, Soil and Waste Resources Considering Global Change ed. Kurian, Mathew and Ardakanian, Reza (Cham: Springer International Publishing, 2015), 105-127.

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  • Author Reddy, V. Ratna
    Kurian, Mathew
    Book Editor Kurian, Mathew
    Ardakanian, Reza
    Chapter Title Life-Cycle Cost Analysis of Infrastructure Projects
    Book Title Governing the Nexus: Water, Soil and Waste Resources Considering Global Change
    Publication Date 2015
    Place of Publication Cham
    Publisher Springer International Publishing
    Start page 105
    End page 127
    Language eng
    Abstract This paper reviews the existing research work on the application of Life-cycle cost approach (LCCA) with an objective to identify potential aspects for its adoption in the developing countries. It seeks to influence the policy understanding of why life-cycle cost assessment is central to achieving the goals of sustainable development as well as sustainable service delivery and to influence the behaviour of sector stakeholders. The idea is to mainstream LCCA into governance processes at all institutional levels from local to national in order to increase the ability and willingness of decision makers (both users and those involved in service planning, budgeting and delivery) to make informed and relevant choices between different types and levels of products and services. It is argued that a comprehensive LCCA can provide 'win-win' strategies in terms of identifying appropriate technologies, products and services that are environmentally, economically and socially sustainable. LCCA prompts policy shifts towards a systems perspective. Adoption of LCCA evolves from life-cycle thinking that needs to be ingrained into the macro policy. This calls for awareness building and capacities at the policy and planning levels.
    UNBIS Thesaurus WATER
    FOOD SECURITY
    SUSTAINABLE DEVELOPMENT
    EXTERNALITIES
    Keyword Life-cycle approach (LCA)
    Life-cycle cost appraoch (LCCA)
    Life-cycle thinking (LCT)
    Life-cycle management (LCM)
    Energy
    Sustainable services
    Copyright Holder Springer International Publishing Switzerland
    Copyright Year 2015
    Copyright type All rights reserved
    ISBN 9783319057460
    DOI 10.1007/978-3-319-05747-7_6
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    Created: Thu, 15 Feb 2018, 23:13:10 JST by Claudia Matthias on behalf of UNU FLORES