It was a great pleasure to host Prof. Deborah Sills‘s workshop at Newe Ya’ar. Prof. Sills is an environmental engineering professor at Bucknell University having her sabbatical leave at Newe Ya’ar working with Dr. Roy Posmanik on a joint BARD project. During the concentrated “hands on” workshop, the participants learned how to conduct LCA and TEA to quantify environmental and economic performances of a case study. At the conclusion of the workshop, participants were able to:
- Describe the LCA and TEA methods.
- Use discounted cash flow analysis to estimate the minimum selling price of a product and the net present value (NPV) of a process.
- Apply the four stages of an LCA to estimate environmental impacts of a process under varying conditions.
- Use Visual Basic code in Excel to conduct a sensitivity analysis that estimates the effect of varying input parameters on costs and environmental performance of a process.