Introducing a case study on product management, this paper applies the Life Cycle Cost (LCC) method to solve a particular problem of design selection in the area of mechanical engineering. It is clearly explained and illustrated that various cost types need to be taken into account, ranging over...

Sustainability is an international issue with increasing concern and becomes a crucial driver for the industry in international competition. Sustainability encompasses the three dimensions: environment, society and economy. This paper presents the results from a sustainability assessment of a...

Cost management is a process that contributes to increases in efficiency that have an impact on a finished product. Comprehensive cost management uses information that is created by the cost accounting system and new concepts of measurement and valuation of product manufacturing costs. This...

Converging business, sustainability, and technology is a challenge that manufacturing firms face to create value and be competitive. Energy- and raw material-intensive manufacturing industries are particularly aware of environmental issues and circular economy practices due to the large amounts...

The management of R&D activities has become popular among researchers. The need for changes in R&D organization and financial support brings new decision-making issues for the R&D manager. Life cycle concepts help to manage R&D in the whole perspective. The aim of this paper was to examine the...