Why is the life cycle cost analysis important in evaluating catalytic processes?
Life cycle cost analysis (LCCA) is essential for evaluating the total cost of catalytic processes over their entire lifespan. LCCA considers not just the initial purchase and installation costs but also ongoing operational, maintenance, and disposal expenses. By providing a comprehensive view of all costs involved, LCCA helps in making informed decisions about catalyst selection, process optimization, and long-term budgeting. It ensures that short-term savings do not lead to higher long-term expenses, promoting more sustainable and cost-effective practices.
