Please help with this practice managerial accounting:

Read the article below and discuss one way in which Lego can manage and measure life-cycle costs for their new strategy. Please be sure to specifically use/refer to concepts such as total-life-cycle costing, target costing, the traditional method, cost analysis, conduct value engineering, etc. in the response.

Legos bricks are getting their first makeover in decades

Danish toy maker is looking for a bio-based alternative, report says.

The ease of Legos interconnected bricks are a main reason the Danish toy maker is one of the largest players in its field today.

But Lego is on a 15-year quest to tinker with that success.

As the Wall Street Journal points out (https://www.wsj.com/articles/lego-tries-to-build-a-better-brick-1436734774), Lego has assembled a team to find a bio-based alternative to the petroleum-based plastic it has used for decades. Thats because the blocks are a big contributor to the companys carbon footprint.

This is a major step for the LEGO Group on our way towards achieving our 2030 ambition on sustainable materials, Jorgen Vig Knudstorp, CEO and President of the LEGO Group, said at the time of the announcement.