Economic impact analysis from a consumer perspective

VITO and KU LEUVEN investigated the economical feasibility of four different repair strategies in a project for the Benelux Union. For each consumer strategy, the total monetary costs related to the purchase, use, repair and disposal of the appliance is modeled. This is called the Life Cycle Cost or LCC. Comparing the LCC’s for the different scenario’s shows that all three repair scenario’s are favourable compared to the replace scenario.