Factories are complex systems, which are characterized by interlinked and overlapping life cycles of the constituent factory elements. Within this context, the heterogeneity of these life cycles results in life cycle complexity and corresponding conflicts and trade-offs that need to be addressed in decision situations during the planning and operation of factory systems. Also with respect to the transformation need towards environmental sustainability, there is a need for methods and tools for life cycle oriented factory planning and operation. This paper systematically reviews existing life cycle concepts of factory systems as well as frameworks, models and methods for the evaluation and engineering of factory life cycles. In order to respond to the above challenges, a general understanding about the factory life cycle, e.g. life cycle stages, related activities and interdependencies, is developed and action areas of life cycle engineering are discussed that could supplement factory planning. Following that, the paper presents an integrated, model-based evaluation and engineering framework of factory life cycles. © 2022 The Authors