elinkaariarvon
Elinkaariarvon is a concept used in sustainability, product design, and public procurement to describe the value generated by a product or service over its entire life cycle. It integrates economic, environmental, and social aspects rather than focusing solely on purchase price or upfront cost. The idea is to capture how design choices, materials, manufacturing, use, maintenance, and end-of-life management affect total value over time.
Scope. Elinkaariarvo covers all stages of a product's life: concept and design, production, distribution, use and
Calculation and methods. Practically, elinkaariarvon is assessed through life cycle costing (LCC) complemented by life cycle
Applications and benefits. The concept supports durable, modular, and repairable design, procurement decisions favoring long-lived assets,
Limitations. Uncertainties in data, valuation of non-monetary effects, and subjectivity in weighting can affect reliability. The
See also: elinkaarianalyysi, elinkaarilaskenta, circular economy, total cost of ownership.