Revenue is the income generated from the sale of a Product output. It is the monetary value received by an economic actor when selling products or services produced through their activities, and is a basic component in economic and sustainability assessments.
In Environmental Life Cycle Costing (LCC), revenue forms part of the value added calculation for each unit process in a product's life cycle. The cumulative LCC result across the entire product system equals the final product price when all value-added contributions are summed.
As Chief Operating Officer, Iris leads our organisational development and oversees day-to-day operations. Before joining 2-0, she worked in the biotechnology sector. As an LCA consultant, Iris has devoted her expertise primarily to the domains of sustainable agriculture and food production. She is dedicated to teaching LCA and is responsible for our educational efforts. Iris holds an M.Sc. in Biology – Biotechnology from the University of Copenhagen.
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Glossary terms are clearer once you have seen them applied. Our guide to what LCA is and how it works walks through the complete methodology: goal and scope, inventory modelling, impact assessment, and interpretation.
If you are working on an LCA study and want it done properly, see how we approach life cycle assessment.
