MFCA extension from a life cycle perspective: Methodical refinements and use case

Huixiang Zeng, Zhifang Zhou and Xu Xiao

Resources Policy, 2021, vol. 74, issue C

Abstract: Decision-making about sustainable development is closely related to Material Flow Cost Accounting (MFCA) and Life Cycle Analysis (LCA), and it still lacks a mature theoretical method system capable of analyzing the lifecycle extension of MFCA. For this reason, this paper takes the adaptation range of MFCA as its starting point and constructs a method system for analyzing lifecycle-extended MFCA. This system involves an MFCA-LCA integrated flow model and accounting method, and it introduces a case study to describe the accounting of environmental damage value, the cost accounting of MFCA and the implementation steps of a comprehensive assessment of MFCA-LCA. This paper extends and expands MFCA theory, and it also provides guidance to enterprises that implement MFCA.

Keywords: Material flow cost accounting (MFCA); Life cycle analysis (LCA); MFCA extension; Case study (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:74:y:2021:i:c:s0301420717304026

DOI: 10.1016/j.resourpol.2019.101507

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