Which of the following approaches provides management with an appropriate tool for assessing the full impact from creation to disposal of a product?
A)Life cycle assessment
B)Total cost of ownership
C)Trade-off analysis
D)Cost of quality analysis

Question

Quizplus · Accepted Answer

Life cycle assessment is a systematic analysis of the environmental impacts of a product, from the extraction of raw materials, through production, use, and disposal. This approach provides management with a comprehensive tool to evaluate the full lifecycle impacts of a product, including its environmental and social impacts. Total cost of ownership (B) is a financial analysis technique focusing on the costs of owning and operating a product over its entire life cycle. Trade-off analysis (C) compares the benefits and costs of different options to make a decision among them. Cost of quality analysis (D) is a tool for identifying the costs associated with nonconformance to specifications, such as the costs of rework, scrap, and warranty claims. None of these approaches provide as comprehensive an assessment of a product's full impact as life cycle assessment.

Which of the Following Approaches Provides Management with an Appropriate