Investigation of Environmental Cost Management in terms of Product Life Cycle Costing

Nowadays, due to the rapid development of technology, the life cycle of the product is shortened and the importance of cost management is increasing. In addition to this, it is necessary to take into consideration the environmental awareness of the environment and the environmental impacts of the goods and services from the design stage to the consumption phase. Increasing competition conditions, the necessity of continuous improvement of the goods and services and the events such as directing society to excessive consumption have brought environmental problems. With environmental problems becoming more and more important, it has become a necessity for enterprises to consider a more responsible attitude towards the environment and management of environmental costs. This has led to environmental cost management problems. The product life cycle cost method aims to manage the costs that are likely to occur during the entire life cycle of a product. This perspective of product life cycle cost management ensures the real profitability of the product by comparing the sum of the costs that a product will cause throughout its entire life cycle with the sum of the revenues it provides to the enterprise throughout its life cycle. Product life cycle cost method is a method with wide application area. In particular, it is considered that the evaluation of environmental costs, which are one of the most important issues of today and tomorrow, by including them in the analysis of the product life cycle cost method will help to solve the cost management problems