Optimizing the Life Cycle of Physical Assets through an Integrated Life Cycle Assessment Method

The purpose of this study was to apply new methods econometric models the Life Cycle Assessment (LCA) physical assets, by integrating investments such as maintenance, technology, sustainability, and technological upgrades, propose a means evaluate Investment (LCI), with emphasis on sustainability. Sustainability is recurrent theme existing studies will be concern in coming decades. As result, equipment smaller environmental footprint being continually developed. This paper presents method asset depreciation an maintenance investment, technology depreciation, sustainability upgrade investment. To demonstrate value added proposed model, it compared that do not take previously mentioned aspects into consideration. model consistent life cycle plans part Strategic Asset Management Plan System. It clearly demonstrated approach results are conclusive, presented their results. research aims introduce integrate factors upgrades for evaluation assets’ LCA replacement time. Despite increase investment Integrated First Method (ILCAM1), which represents improved analyzed data, show extended, thus increasing promoting circular economy. By comparison, (ILCIAM) shows due Therefore, integrated may offer valid tool decision makers.