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Life cycle analysis evaluates a product or service’s impact on the environment, with four phases: focus and scope, inventory, impact assessment, and interpretation. It helps companies choose the least harmful course of action, but unforeseen consequences can arise.
A life cycle analysis, also known as a life cycle assessment, evaluates how a given product or service you are running will affect your environment. Companies often use this type of analysis to track different practices to see which would cause the least harm to the environment. There are several advantages and disadvantages associated with using Life Cycle Analysis.
Life cycle analysis is a simple process, although the results can get complicated and require careful attention to detail. For example, a company manufacturing a new product may be concerned about the effects of manufacturing on the environment. The company will then produce an analysis for each production or manufacturing process currently available to them. They trace the manufacturing process and after effects from start to finish and see which one causes the least damage.
There are four main phases used in life cycle analysis mapping. They are focus and scope, life cycle inventory, life cycle impact assessment, and the final stage known as interpretation. The process begins with the goal and scope. The company performing the assessment decides what the objective of the assessment is and what factors will be included in the assessment.
In the second stage, the inventory stage of the lifecycle, data is collected and various models are used to make educated guesses about the outcomes of different manufacturing and production methods that the business may use. The results are tracked and recorded. They can then be examined in the next stage, life cycle impact assessment.
In the life cycle impact assessment phase, the company evaluates the results and determines how different methods affect various areas. For example, the company can look into a given model to see its possible impacts on global warming or area air pollution levels. Finally, the company will move on to the last stage, the interpretation. In this final stage, conclusions are drawn as to whether the procedure is worthwhile and whether the company can find a less harmful method to follow.
There are several benefits to life cycle analysis. The main benefit is that it allows companies to see what effect their actions have on the environment and allows them to choose the least harmful course of action. The downside to this, however, comes from the fact that not everything can be made into a template. There are factors that cannot be foreseen and unforeseen consequences can arise no matter how carefully a course of action has been planned.
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