Evaluating Product Sustainability Through Comprehensive End-of-Life Assessments

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Sawankumar Naik

Abstract

In our ever-evolving world characterized by rapid technological advancements and global commerce, the management of product lifecycles has become a paramount concern. A comprehensive literature review underscores the critical importance of responsible End-of-Life (EoL) decisions in today’s globalized and eco-conscious society. Products no longer merely serve primary functions but must also meet the expectations of an environmentally aware consumer base. The article delves into the complexities of EoL decisions, emphasizing the need for a multi-dimensional evaluation. Using MCDM techniques, this study assesses EoL options on four vital criteria: Environmental Impact, Economic Viability, Resource Efficiency, and Societal Implications. The assessment involves a diverse panel of experts, including sustainability analysts, economists, materials engineers, and social scientists. The research culminates in the identification of optimal EoL options, emphasizing sustainability, resource efficiency, and societal well being. This approach offers a comprehensive framework for evaluating EoL choices, aligning products with contemporary demands for environmental and economic responsibility.

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How to Cite
Sawankumar Naik. (2024). Evaluating Product Sustainability Through Comprehensive End-of-Life Assessments. European Economic Letters (EEL), 14(1), 357–361. https://doi.org/10.52783/eel.v14i1.1031
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