Classroom analogy for Methodologies in Life Cycle Cost and Cost Benefit Analysis. Lecture in Malay

Classroom Analogy
We have all spent time in classrooms during our school years, making them a universal experience that fosters familiarity and relatability. In this context, I will use a classroom analogy to explain the methodologies employed in Life Cycle Analysis (LCA) and Cost Benefit Analysis (CBA). By drawing parallels between these analytical methods and the structure of a classroom, I aim to simplify complex concepts and present them in a way that resonates with readers. The goal is to ensure that even readers without technical expertise can easily grasp these ideas through an example they can relate to.
Life Cycle Analysis (LCA) is a systematic method for assessing the environmental impacts associated with all stages of a product's life cycle. It encompasses the extraction of raw materials, manufacturing, distribution, usage, and final disposal or recycling. LCA evaluates multiple dimensions of environmental performance, such as energy consumption, greenhouse gas emissions, resource depletion, and waste generation.
Cost Benefit Analysis (CBA) is a systematic economic evaluation technique used to compare the costs and benefits of a decision, project, or policy over a specific period. It involves assigning monetary values to both the tangible and intangible costs and benefits, allowing for a comprehensive assessment of the net economic impact.
This lecture is given in Bahasa Melayu