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Social life cycle assessment (SLCA) is a useful tool for companies to identify and assess potential social impacts along the lifecycle of a product or service on various stakeholders (for example: workers, local communities, consumers). [16]
Product life-cycle management (PLM) is the succession of strategies by business management as a product goes through its life-cycle. The conditions in which a product is sold (advertising, saturation) changes over time and must be managed as it moves through its succession of stages.
Product lifecycle management (PLM) should be distinguished from 'product life-cycle management (marketing)' (PLCM). PLM describes the engineering aspect of a product, from managing descriptions and properties of a product through its development and useful life; whereas, PLCM refers to the commercial management of the life of a product in the ...
The methodology to produce an EPD is based on product life cycle assessment (LCA), [2] following the ISO 14040 series of standards. [ 3 ] [ 4 ] [ 5 ] Companies may produce EPDs in order to understand the environmental impact of their products or services, differentiate their products on the market and demonstrate a commitment to limiting ...
Life-cycle assessment (LCA or life cycle analysis) is a technique used to assess potential environmental impacts of a product at different stages of its life. This technique takes a "cradle-to-grave" or a "cradle-to-cradle" approach and looks at environmental impacts that occur throughout the lifetime of a product from raw material extraction, manufacturing and processing, distribution, use ...
The product life cycle (PLC) is a tool used by marketing managers to gauge the progress of a product, especially relating to sales or revenue accrued over time. The PLC is based on a few key assumptions, including:
During the late 1980s, new instruments such as life-cycle assessment (LCA) were invented which allowed ecological considerations to be introduced into marketing decisions. [1] The life cycle assessment model seeks to identify the main types of environmental impact throughout the life cycle of a product. LCA was developed according to ISO 14040.
Researchers at the Green Design Institute of Carnegie Mellon University began developing a web-based tool for performing an EIO-LCA in the 1990s. The underlying software [2] traces out the various economic transactions, resource requirements and environmental emissions associated with the production of a particular product or service. The model ...
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