Total performance analysis of a product

During the last century, increasing consumption of natural resources and material goods has been monitored by the help of growing rate of industrialization. However, in recent decades, at the same time expanding economic activity has been accompanied to those affects by help of growing concerns about climate change, energy security and scarcity of natural resources. Therefore, scientist, academicians and also company owners have been trying to measure their performances. This study uses a total performance analysis (TPA) method that evaluates a product from environmental and economic viewpoints simultaneously, considering the change in product values over time, so that a designer can easily find improvement targets in a product’s composition and life cycle. In addition to that, to be able to understand what TPA is, there are some important topics should be discussed in order to understand in what contents TPA can help a company. These topics are mostly related to both environmental and economic concerned issues which are sustainability, life cycle thinking inside LCA and eco-efficient product design towards sustainability. This study will cover and give knowledge about these related topics. As a result this study is based on TPA method and its framework and beside this all the step of framework will be explained by using a real product example (Multi-stage centrifugal pump)and the final results will show that how practical and improvable this TPA method is.