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Quantified economic and environmental values through Functional Productization: A simulation approach
Resilience Engineering Research Group, University of Nottingham.
Luleå University of Technology, Department of Engineering Sciences and Mathematics, Product and Production Development.ORCID iD: 0000-0002-2342-1647
Luleå University of Technology, Department of Computer Science, Electrical and Space Engineering, Signals and Systems. Luleå University of Technology, Department of Applied Physics and Mechanical Engineering, Fastelaboratoriet.ORCID iD: 0000-0001-5564-2295
Luleå University of Technology, Department of Engineering Sciences and Mathematics, Product and Production Development. Luleå University of Technology, Department of Applied Physics and Mechanical Engineering, Fastelaboratoriet.
2018 (English)In: Environmental impact assessment review, ISSN 0195-9255, E-ISSN 1873-6432, Vol. 70, p. 71-80Article in journal (Refereed) Published
Abstract [en]

Industrial companies rely on hardware and services from external providers to deliver functions that are critical to their operations, increasingly demanding solutions that not only meet technical and availability requirements but are sustainable too. Traditionally, industrial companies choose and purchase hardware and maintenance support to fulfil their functional requirements. An alternative arrangement, known as Functional Product (FP), involves external providers supplying customers with the functionality they require through contracts that specify guaranteed functional availability whilst giving providers freedom to choose and retain ownership of the supplied hardware and services. This paper describes an innovative simulation modelling and optimization approach to quantitatively compare economic and environmental values resulting from transition from traditional to FP arrangements. The approach is demonstrated through the analysis of a scenario involving a hydraulic drive system provider and set of customers in Sweden, with the results exhibiting simultaneous improvement in economic and environmental values at each stage of the transition.

Place, publisher, year, edition, pages
Elsevier, 2018. Vol. 70, p. 71-80
Keywords [en]
Functional product, Simulation, PSS, Environmental impact, Economic impact
National Category
Other Mechanical Engineering Control Engineering Mechanical Engineering
Research subject
Computer Aided Design; Control Engineering
Identifiers
URN: urn:nbn:se:ltu:diva-68196DOI: 10.1016/j.eiar.2018.03.006ISI: 000430779000007Scopus ID: 2-s2.0-85044722085OAI: oai:DiVA.org:ltu-68196DiVA, id: diva2:1195453
Funder
VINNOVA
Note

Validerad;2018;Nivå 2;2018-04-05 (andbra)

Available from: 2018-04-05 Created: 2018-04-05 Last updated: 2018-06-29Bibliographically approved

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