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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.ORCID iD: 0000-0001-5564-2295
Luleå University of Technology, Department of Engineering Sciences and Mathematics, Product and Production Development.
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; Centre - The Faste Laboratory
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: 2019-03-27Bibliographically approved
In thesis
1. Towards a Functional Product theory
Open this publication in new window or tab >>Towards a Functional Product theory
2019 (English)Doctoral thesis, comprehensive summary (Other academic)
Place, publisher, year, edition, pages
Luleå: Luleå University of Technology, 2019. p. 55
Series
Doctoral thesis / Luleå University of Technology 1 jan 1997 → …, ISSN 1402-1544
National Category
Other Engineering and Technologies Other Mechanical Engineering
Research subject
Computer Aided Design
Identifiers
urn:nbn:se:ltu:diva-73246 (URN)978-91-7790-334-5 (ISBN)978-91-7790-335-2 (ISBN)
Public defence
2019-06-03, E632, Luleå, 09:00 (English)
Opponent
Supervisors
Available from: 2019-03-19 Created: 2019-03-18 Last updated: 2019-05-14Bibliographically approved

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